Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) Hits New 12-Month High at $25.19

Invesco Variable Rate Investment Grade ETF (NASDAQ:VRIG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $25.19 and last traded at $25.17, with a volume of 855902 shares changing hands. The stock had previously closed at $25.17.

Invesco Variable Rate Investment Grade ETF Price Performance

The business has a 50-day simple moving average of $25.11 and a 200-day simple moving average of $25.03.

Invesco Variable Rate Investment Grade ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were given a $0.1304 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend was Monday, March 18th.

Institutional Trading of Invesco Variable Rate Investment Grade ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fortis Capital Advisors LLC purchased a new stake in Invesco Variable Rate Investment Grade ETF in the fourth quarter valued at approximately $27,000. UBS Group AG purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the second quarter worth $28,000. Vima LLC purchased a new stake in shares of Invesco Variable Rate Investment Grade ETF during the fourth quarter worth $30,000. Belpointe Asset Management LLC increased its position in shares of Invesco Variable Rate Investment Grade ETF by 42.6% during the first quarter. Belpointe Asset Management LLC now owns 1,561 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Variable Rate Investment Grade ETF by 96.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,453 shares of the company’s stock worth $61,000 after acquiring an additional 1,203 shares during the period.

About Invesco Variable Rate Investment Grade ETF

The Invesco Variable Rate Investment Grade ETF (VRIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that primarily invests in USD-denominated investment-grade floating-rate securities, but can hold up to 20% in non-investment-grade securities.