Invesco Variable Rate Preferred ETFInvesco Variable Rate Preferred ETFInvesco Variable Rate Preferred ETF

Invesco Variable Rate Preferred ETF

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Key stats


Assets under management (AUM)
‪2.14 B‬USD
Fund flows (1Y)
‪368.14 M‬USD
Dividend yield (indicated)
5.76%
Discount/Premium to NAV
0.3%
Shares outstanding
‪87.60 M‬
Expense ratio
0.50%

About Invesco Variable Rate Preferred ETF


Brand
Invesco
Home page
Inception date
May 1, 2014
Structure
Open-Ended Fund
Index tracked
ICE BofA Variable Rate Preferred & Hybrid Securities
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
VRP holds a portfolio of USD denominated floating- and variable-rate preferred stocks or hybrid securities with similar characteristics. Floating-rate preferreds link dividends to a reference benchmark rate plus a fixed spread. Variable rate preferreds have a fixed dividend initially for a period of time, but later will turn into a floating-rate structure. VRP is the first of its kind: an ETF that combines exposure to both types. The self-adjusting nature of the dividends mitigates duration risk, so VRP can be a viable addition to an income portfolio to position for rising rates. VRP may invest in investment grade and non-investment grade securities. Rebalancing is done monthly. Prior to June 30, 2021, the fund tracked the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index.

Broaden your horizons with more funds linked to VRP via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Corporate, preferred
Focus
Broad credit
Niche
Floating rate
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market value
Selection criteria
Market value
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Stock breakdown by region
94%5%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
VRP trades at 24.52 USD today, its price has fallen −0.04% in the past 24 hours. Track more dynamics on VRP price chart.
VRP net asset value is 24.46 today — it's risen 1.16% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
VRP assets under management is ‪2.14 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
VRP price has risen by 0.78% over the last month, and its yearly performance shows a 1.70% increase. See more dynamics on VRP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.16% over the last month, showed a 5.14% increase in three-month performance and has increased by 8.14% in a year.
VRP fund flows account for ‪368.14 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
VRP invests in bonds. See more details in our Analysis section.
VRP expense ratio is 0.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, VRP isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, VRP technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating VRP shows the buy signal. See more of VRP technicals for a more comprehensive analysis.
Yes, VRP pays dividends to its holders with the dividend yield of 5.76%.
VRP trades at a premium (0.30%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
VRP shares are issued by Invesco Ltd.
VRP follows the ICE BofA Variable Rate Preferred & Hybrid Securities. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 1, 2014.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.