Invesco Variable Rate Preferred ETF (VRP)
| Assets | $1.82B |
| Expense Ratio | 0.50% |
| PE Ratio | n/a |
| Shares Out | 75.00M |
| Dividend (ttm) | $1.43 |
| Dividend Yield | 5.88% |
| Ex-Dividend Date | Nov 18, 2024 |
| Payout Ratio | n/a |
| 1-Year Return | +7.97% |
| Volume | 264,888 |
| Open | 24.34 |
| Previous Close | 24.33 |
| Day's Range | 24.26 - 24.38 |
| 52-Week Low | 22.36 |
| 52-Week High | 24.67 |
| Beta | 0.46 |
| Holdings | 303 |
| Inception Date | May 1, 2014 |
About VRP
Fund Home PageThe 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.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 18, 2024 | $0.143 | n/a |
| Oct 21, 2024 | $0.143 | Oct 25, 2024 |
| Sep 23, 2024 | $0.109 | Sep 27, 2024 |
| Aug 19, 2024 | $0.113 | Aug 23, 2024 |
| Jul 22, 2024 | $0.117 | Jul 26, 2024 |
| Jun 24, 2024 | $0.109 | Jun 28, 2024 |
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...
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...
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...
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...
Assessing Leveraged PFFA Vs. Other Preferred Share Funds I Own
Despite relative outperformance in recent years, I cannot justify an allocation to PFFA.
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.
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...
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...
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.
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...
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...
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...