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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
Sector
Mixed Asset
Region
North America
Inception Date
May 1, 2014
Exchange
NYSEARCA
Ticker Symbol
VRP
Index Tracked
Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index

Top 10 Holdings

14.13% of assets
NameSymbolWeight
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

Dividends

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

News

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