Invesco Variable Rate Preferred ETF (VRP)
|Ex-Dividend Date||Nov 22, 2021|
|Day's Range||25.57 - 25.72|
|Inception Date||May 1, 2014|
The investment seeks to track the ICE Variable Rate Preferred & Hybrid Securities Index. 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 underlying index. The index provider compiles and calculates the underlying 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 that are, comparable to preferred stocks, that are issued by corporations in the U.S. domestic market. It is non-diversified.
Top 10 Holdings12.37% of assets
|General Electric Company 3.446%||N/A||2.20%|
|Wells Fargo & Company 3.9%||N/A||1.41%|
|JPMorgan Chase & Co. 4.6%||N/A||1.21%|
|JPMorgan Chase & Co. 3.59863%||N/A||1.17%|
|Invesco Shrt-Trm Inv Gov&Agcy Instl||AGPXX||1.17%|
|The Charles Schwab Corporation 5.375%||N/A||1.08%|
|BP Capital Markets plc 4.875%||N/A||1.08%|
|BP Capital Markets plc 4.375%||N/A||1.05%|
|Bank of America Corporation 5.875%||N/A||1.02%|
|JPMorgan Chase & Co. 3.45088%||N/A||1.00%|
|Nov 22, 2021||$0.09012||Nov 30, 2021|
|Oct 18, 2021||$0.09003||Oct 29, 2021|
|Sep 20, 2021||$0.090||Sep 30, 2021|
|Aug 23, 2021||$0.08978||Aug 31, 2021|
|Jul 19, 2021||$0.09002||Jul 30, 2021|
|Jun 21, 2021||$0.0925||Jun 30, 2021|
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).
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 ...
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The preferred ETF VRP hit a new 52-week high lately. Can it soar further?
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.