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VRP - Invesco Variable Rate Preferred ETF

Stock Price: $26.13 USD -0.01 (-0.04%)
Updated Apr 16, 2021 4:00 PM EDT - Market closed
Assets $1.60B
NAV $26.07
Expense Ratio 0.50%
PE Ratio n/a
Beta (5Y) 0.48
Dividend (ttm) $1.10
Dividend Yield 4.21%
Ex-Dividend Date Mar 22, 2021
1-Year Return -
Trading Day April 16
Last Price $26.13
Previous Close $26.14
Change ($) -0.01
Change (%) -0.04%
Day's Open 26.12
Day's Range 26.09 - 26.20
Day's Volume 359,286
52-Week Range 21.56 - 26.20

Fund Description

The investment seeks to track the investment results (before fees and expenses) of the Wells Fargo® Hybrid and Preferred Securities Floating and Variable Rate Index. The fund generally will invest at least 90% of its total assets in the components of the index. The index is a market capitalization-weighted index designed to track the performance of preferred stock, as well as certain types of hybrid securities that are comparable to preferred stocks, that are issued by U.S.-based or foreign issuers and that pay a floating or variable rate dividend or coupon. The fund is non-diversified.

Asset Class
Portfolio-Multi Asset
Mixed Asset
North America
Inception Date
May 1, 2014
Ticker Symbol
Index Tracked
Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index

Top 10 Holdings

14.13% of assets
General Electric CoGE V0 PERP D2.47%
Wells Fargo & CoWFC V3.9 PERP1.61%
JPMorgan Chase & CoJPM V4.6 PERP HH1.37%
Invesco Government & Agency PortfolioAGPXX1.34%
JPMorgan Chase & CoJPM V0 PERP I1.31%
Charles Schwab Corp/TheSCHW V5.375 PERP G1.26%
GMAC Capital Trust IALLY V0 02/15/40 21.21%
BP Capital Markets PLCBPLN V4.875 PERP1.20%
BP Capital Markets PLCBPLN V4.375 PERP1.19%
Bank of America CorpBAC V5.875 PERP FF1.17%
View All Holdings


Ex-DividendAmountPay Date
Mar 22, 2021$0.096Mar 31, 2021
Feb 22, 2021$0.096Feb 26, 2021
Jan 19, 2021$0.093Jan 29, 2021
Dec 21, 2020$0.093Dec 31, 2020
Nov 23, 2020$0.092Nov 30, 2020
Oct 19, 2020$0.092Oct 30, 2020
Full Dividend History


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 tickers mentioned: CDC, IVOL, QDEF, SPBO
9 months ago - Zacks Investment Research