Invesco Variable Rate Preferred ETF (VRP)

NYSEARCA: VRP · Real-Time Price · USD
24.41
-0.01 (-0.04%)
Oct 31, 2024, 4:00 PM EDT - Market closed
-0.04%
Assets $1.80B
Expense Ratio 0.50%
PE Ratio n/a
Shares Out 73.90M
Dividend (ttm) $1.45
Dividend Yield 5.96%
Ex-Dividend Date Oct 21, 2024
Payout Ratio n/a
1-Year Return +12.64%
Volume 221,298
Open 24.44
Previous Close 24.42
Day's Range 24.37 - 24.51
52-Week Low 21.89
52-Week High 24.67
Beta 0.46
Holdings 302
Inception Date May 1, 2014

About VRP

Fund Home Page

The Invesco Variable Rate Preferred ETF (VRP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of variable- and floating-rate preferred stocks. VRP was launched on May 1, 2014 and is issued by Invesco.

Asset Class Fixed Income
Category Preferred Stock
Stock Exchange NYSEARCA
Ticker Symbol VRP
ETF Provider Invesco
Index Tracked ICE BofA Variable Rate Preferred & Hybrid Securities

Dividends

Ex-Dividend Amount Pay Date
Oct 21, 2024 $0.14275 Oct 25, 2024
Sep 23, 2024 $0.109 Sep 27, 2024
Aug 19, 2024 $0.11335 Aug 23, 2024
Jul 22, 2024 $0.11655 Jul 26, 2024
Jun 24, 2024 $0.1093 Jun 28, 2024
May 20, 2024 $0.10211 May 24, 2024
Full Dividend History

News

VRP: The Value May Not Justify The Fees

VRP tracks the ICE Variable Rate Preferred & Hybrid Securities Index, offering a 5.33% yield at a 0.50% expense ratio. It has outperformed a lot of its peers, but in a generally low-interest-rate envi...

6 days ago - Seeking Alpha

Still Flying 'VRP Air' After The Distribution Increase

I've been long on the Invesco Variable Rate Preferred ETF since 2022, and have increased my position in recent months in expectation of higher monthly distributions. VRP recently declared an October d...

8 days ago - Seeking Alpha

Best-Performing Bond ETFs For 2024

2024 has been a tough year for most bond funds, as delayed rate hikes led to lower bond prices. Some bond ETFs have managed to outperform in spite of these tough conditions. These tend to focus on inv...

Other symbols: HYEMPFFAPFIXRINFRISR
3 months ago - Seeking Alpha

VRP: Assessing My Floating Rate Preferred ETF As Interest Rates Set To Decrease

The Invesco Variable Rate Preferred ETF has outperformed in a rising rate environment due to its low duration and floating rate nature. VRP is weighted heavily towards the financial sector - investors...

3 months ago - Seeking Alpha

Assessing Leveraged PFFA Vs. Other Preferred Share Funds I Own

Despite relative outperformance in recent years, I cannot justify an allocation to PFFA.

Other symbols: PFFAPFXFQYLD
4 months ago - Seeking Alpha

U.S. Preferred Stocks Look Attractive And PFFA Is A Top-Performing Preferred Stocks ETF

PFFA is a well-diversified and consistently top-performing preferred stock ETF, enabled by management's bold allocation strategy.

9 months ago - Seeking Alpha

VRP: Good Yield Over Time

Variable rate preferred stocks offer adjustable dividends tied to benchmark interest rates, making them appealing during rising interest rate periods.

9 months ago - Seeking Alpha

VRP: Time For A Swap

VRP is an ETF that focuses on preferred equity from financial institutions, but with a twist - its collateral has to be at least 90% invested in floating rate securities. VRP has outperformed its fixe...

1 year ago - Seeking Alpha

VRP Vs. PFF: Choice Comes Down To Outlook On Rates

iShares Preferred and Income Securities ETF is the dominant preferred ETF with over $12.76 billion in assets under management. The Invesco Variable Rate Preferred ETF could be getting more attention d...

Other symbols: PFF
1 year ago - Seeking Alpha

VRP: Variable Rate Preferred Shares With Low Duration

Invesco Variable Rate Preferred ETF is an exchange traded fund focused on preferred equity. The fund has an overweight position in financials, which account for over 74% of the portfolio.

1 year ago - Seeking Alpha

VRP: Preferred Stocks May Be Better Than Corporate And Junk Bonds

The VRP ETF provides exposure to variable rate preferred equities and hybrid securities. Preferred equities sit between debt and common equity in the capital structure and trade inversely to credit sp...

1 year ago - Seeking Alpha

Invesco Variable Rate Preferred ETF Follow Up: Performed Worse Than Expected

The Invesco Variable Rate Preferred ETF is down over 15% since my article last November, when I thought its variable-rate strategy would do okay when the FOMC pushed up rates. Here I take a look at VR...

2 years ago - Seeking Alpha

VRP: Variable Rate Preferred ETF: Nice Choice If Rates Rise

The Invesco Variable Rate Preferred ETF is designed to capture better rates as they go up by investing in Floating or Variable Preferred securities. With rising inflationary pressures and possible sta...

3 years ago - Seeking Alpha