VRP icon

Invesco Variable Rate Preferred ETF

24.32 USD
+0.08
0.33%
At close Dec 20, 4:00 PM EST
1 day
0.33%
5 days
-0.73%
1 month
-0.04%
3 months
-1.26%
6 months
1.29%
Year to date
5.56%
1 year
5.74%
5 years
-5.66%
10 years
-1.10%
0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

5% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 83

0% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 6 (+0) [Q3]

0% less funds holding

Funds holding: 239 [Q2] → 238 (-1) [Q3]

4% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 24

10.02% less ownership

Funds ownership: 64.2% [Q2] → 54.18% (-10.02%) [Q3]

13% less capital invested

Capital invested by funds: $1.11B [Q2] → $969M (-$140M) [Q3]

Research analyst outlook

We haven’t received any recent analyst ratings for VRP.

Financial journalist opinion

Positive
ETF Trends
2 weeks 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.
4 Invesco Fixed Income ETFs for 2025
Positive
Seeking Alpha
1 month 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.
VRP: The Value May Not Justify The Fees
Neutral
Seeking Alpha
1 month 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.
Still Flying 'VRP Air' After The Distribution Increase
Positive
Seeking Alpha
4 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.
Best-Performing Bond ETFs For 2024
Neutral
Seeking Alpha
5 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.
VRP: Assessing My Floating Rate Preferred ETF As Interest Rates Set To Decrease
Neutral
Seeking Alpha
5 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.
Assessing Leveraged PFFA Vs. Other Preferred Share Funds I Own
Positive
Seeking Alpha
9 months ago
U.S. Preferred Stocks Look Attractive And PFFA Is A Top-Performing Preferred Stocks ETF
PFFA is a well-diversified and consistently top-performing preferred stock ETF, enabled by management's bold allocation strategy.
U.S. Preferred Stocks Look Attractive And PFFA Is A Top-Performing Preferred Stocks ETF
Positive
Seeking Alpha
10 months ago
VRP: Good Yield Over Time
Variable rate preferred stocks offer adjustable dividends tied to benchmark interest rates, making them appealing during rising interest rate periods.
VRP: Good Yield Over Time
Neutral
Seeking Alpha
1 year ago
VRP: Time For A Swap
VRP is an ETF that focuses on preferred equity from financial institutions, but with a twist - its collateral has to be at least 90% invested in floating rate securities. VRP has outperformed its fixed rate peer PFF since the beginning of the Fed tightening cycle due to its low duration of 1.93 years. PFF is expected to record an additional 9% gain versus VRP as rates move lower given historic correlations and duration impact.
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