Invesco Variable Rate Preferred ETF (VRP)

NYSEARCA: VRP · IEX Real-Time Price · USD
22.05
+0.15 (0.68%)
Oct 3, 2022 4:00 PM EDT - Market closed
0.68%
Assets $1.82B
NAV $22.11
Expense Ratio 0.50%
PE Ratio n/a
Shares Out 82.10M
Dividend (ttm) $1.17
Dividend Yield 5.31%
Ex-Dividend Date Sep 19, 2022
1-Year Return -15.90%
Volume 292,626
Open 22.00
Previous Close 21.90
Day's Range 21.99 - 22.14
52-Week Low 21.90
52-Week High 26.31
Beta 0.44
Holdings 320
Inception Date May 1, 2014

About VRP

The fund will invest at least 90% of its total assets in the components of the index, as well as ADRs that represent securities in the index. The index provider compiles and calculates the index, a market capitalization-weighted index designed to track the performance of floating and variable rate investment grade and below investment grade U.S. dollar denominated preferred stock, as well as certain types of hybrid securities. It is non-diversified.

Asset Class Portfolio-Multi Asset
Sector Mixed Asset
Region North America
Issuer Invesco
Stock Exchange NYSEARCA
Ticker Symbol VRP
Index Tracked Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index

Top 10 Holdings

12.43% of assets
Name Symbol Weight
General Electric Co GE V0 PERP D 2.36%
Wells Fargo & Co WFC V3.9 PERP BB 1.32%
JPMorgan Chase & Co JPM V0 PERP I 1.31%
JPMorgan Chase & Co JPM V4.6 PERP HH 1.17%
JPMorgan Chase & Co JPM V0 PERP V 1.14%
Citigroup Capital XIII C V0 10.30.40 1.12%
Charles Schwab Corp/The SCHW V5.375 PERP G 1.09%
BP Capital Markets PLC BPLN V4.375 PERP 1.03%
BP Capital Markets PLC BPLN V4.875 PERP 0.98%
JPMorgan Chase & Co JPM V5 PERP FF 0.91%
View More Holdings

Dividends

Ex-Dividend Amount Pay Date
Sep 19, 2022 $0.090 Sep 23, 2022
Aug 22, 2022 $0.11341 Aug 26, 2022
Jul 18, 2022 $0.1094 Jul 22, 2022
Jun 21, 2022 $0.10547 Jun 30, 2022
May 23, 2022 $0.09796 May 31, 2022
Apr 18, 2022 $0.09754 Apr 29, 2022
Full Dividend History

News

The Right Way to Consider Preferred Stocks as Rates Rise

In low interest rate environments, preferred stocks and the related exchange traded funds are among income investors' favored destinations. However, as is the case with multiple high-yield asset classes...

6 months ago - ETF Trends

7 Dividend ETFs to Buy For the Long Haul

Interest rates will rise in 2022. It shouldn't make dividend ETFs any less attractive.

Other symbols: DEMDIVOSDYGCOWIDVREGL
8 months ago - InvestorPlace

Variable Preferred ETF Offers Floating-Rate Note Alternative

Historically, high-yield asset classes have been vulnerable to rising Treasury yields. That includes preferred stocks — a favored income destination.

9 months ago - ETF Trends

Here's An ETF to Get Income and Hedge Against Rising Rates

The threat of rising interest rates still lingers over the financial market in this low-rate environment. One option to consider is the Invesco Variable Rate Preferred ETF (VRP).

1 year ago - ETF Trends

Fight Low Yields with Preferred ETFs, ‘VRP'

Extracting maximum yield in this low rate environment is difficult when rates are at the whims of the Federal Reserve, but there are solid options available to investors, including the Invesco Variable ...

1 year ago - ETF Trends

The VRP ETF: One Way to Juice Preferred Stock Returns

With government bond yields low, many income investors are embracing alternative yield sources this year, including preferred stocks and their related exchange traded funds. While yields on preferreds r...

1 year ago - ETF Trends

What Should Investors Do with Maturing BulletShares ETFs?

Invesco offers an extensive lineup of BulletShares exchange traded funds – the issuer's version of defined maturity ETFs. These products are popular with advisors and investors because BulletShares ETFs...

1 year ago - ETF Trends

Preferred ETF (VRP) Hits New 52-Week High

The preferred ETF VRP hit a new 52-week high lately. Can it soar further?

1 year ago - Zacks Investment Research

Looking for Current Income? 5 ETFs to Earn At Least 3% Yield

Amid very-low interest rate environment, investors may be interested in securities that have the potential to offer capital appreciation as well as benchmark-beating yields.

Other symbols: CDCIVOLQDEFSPBO
2 years ago - Zacks Investment Research