Invesco Variable Rate Preferred ETF
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
30% more capital invested
Capital invested by funds: $971M [Q3] → $1.26B (+$292M) [Q4]
26% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 80
21% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 19
1.39% more ownership
Funds ownership: 54.3% [Q3] → 55.69% (+1.39%) [Q4]
0% less funds holding
Funds holding: 242 [Q3] → 241 (-1) [Q4]
50% less funds holding in top 10
Funds holding in top 10: 6 [Q3] → 3 (-3) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for VRP.
Financial journalist opinion
Neutral
Seeking Alpha
3 weeks ago
Say No To Fixed-Rate Preferred Stocks With VRP
VRP's portfolio consists of 85 exchange-traded holdings with an average credit score close to Baa3, split into bonds (13%) and preferred stock (87%). OTC Preferred stocks represent close to 50% of the entire portfolio of VRP. Investors have access to the better-priced fixed-to-floating and reset rate preferred stocks via VRP.
Positive
Seeking Alpha
3 weeks ago
VRP: A Preferred ETF Looking Safer Than Its Peers
The Invesco Variable Rate Preferred ETF invests in preferred stocks and similar securities whose rates adjust periodically to reflect market interest rates. VRP looks a good choice for investors seeking exposure in preferred stocks with a relative low risk of capital decay compared to peers. However, inflation may take its toll and the heavy weight of financials in the portfolio incurs a systemic risk.
Positive
ETF Trends
3 months ago
2 Preferred Stock ETFs for 2025
Preferred stock ETFs may be a compelling opportunity for 2025. Tailwinds for preferred ETFs this year include deregulation, stable interest rates, and a steepening yield curve.
Positive
ETF Trends
3 months ago
Ease Any Fixed Income Angst With This Preferred ETF
Rate cuts shouldn't induce any angst for equities investors, but for fixed income investors, this could affect the income of their current portfolio. This is where exchange-traded funds (ETFs) focused on preferred stock can help.
Positive
ETF Trends
4 months ago
4 Invesco Fixed Income ETFs for 2025
As investors prepare portfolios for the new year, four fixed income ETFs are worth consideration for 2025. 1. Invesco Senior Loan ETF (BKLN) As investors look for fixed income ETFs well-positioned for 2025, bank loans should not be overlooked.
Positive
Seeking Alpha
5 months ago
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 environment, other ETFs can offer equally good returns with better consistency and less risk. Also, VRP carries significant sector concentration risk, with nearly two-thirds of the funds in financials, and includes a lot of below-investment-grade preferred stocks.
Neutral
Seeking Alpha
5 months ago
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 distribution of $0.1428, a sequential increase of 30%, and the highest so far in 2024. I see continued blue skies for VRP in the next half-year, on the basis of the reset structure, the ETF's duration, and Fed Funds expectations.
Positive
Seeking Alpha
8 months ago
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 investments with low, sometimes negative, duration.
Neutral
Seeking Alpha
8 months ago
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 should be keenly aware of this. Despite anticipated interest rate cuts, VRP's preferred stock holdings may continue to reset at higher dividends until at least 2025. This means I will continue to rate VRP a Buy.
Neutral
Seeking Alpha
9 months ago
Assessing Leveraged PFFA Vs. Other Preferred Share Funds I Own
Despite relative outperformance in recent years, I cannot justify an allocation to PFFA.
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