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NYSEARCA:VRP

Invesco Variable Rate Preferred ETF (VRP) Price, Holdings, & News

Invesco Variable Rate Preferred ETF logo
$24.46 +0.08 (+0.33%)
(As of 12:07 PM ET)

About Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Key Stats

Today's Range
$24.43
$24.47
50-Day Range
$24.29
$24.64
52-Week Range
$22.61
$24.67
Volume
103,019 shs
Average Volume
367,399 shs
Market Capitalization
$1.67 billion
Assets Under Management
$1.86 billion
Dividend Yield
4.99%
Net Expense Ratio
0.50%
Aggregate Rating
N/A

ETF Overview

The Invesco Variable Rate Preferred ETF (VRP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of variable- and floating-rate preferred stocks. VRP was launched on May 1, 2014 and is managed by Invesco.

Invesco Variable Rate Preferred ETF Expenses

TypeVRPPreferred Stock ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.50%0.52%0.55%0.51%0.52%
Other Expenses0.00%0.60%0.49%0.57%0.53%
Total Expense0.50%0.62%0.71%0.73%0.71%
Fee Waiver0.00%0.00%-0.52%-0.67%-0.57%
Net Expense0.50%0.62%0.61%0.58%0.59%
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VRP ETF News Headlines

VRP: The Value May Not Justify The Fees
BofA is watching for a market top
U.S. tech stocks have soared so high for so long that they're no longer just minting new millionaires... They're minting new billionaires. The number of American billionaires has skyrocketed over last year – their wealth hitting a record $12.1 trillion – thanks to the Nasdaq's extraordinary outperformance. But now, after two years of near-vertical gains...
See More Headlines

VRP ETF - Frequently Asked Questions

Invesco Variable Rate Preferred ETF's stock was trading at $23.08 at the beginning of the year. Since then, VRP stock has increased by 5.6% and is now trading at $24.38.
View the best growth stocks for 2024 here
.

Top institutional investors of Invesco Variable Rate Preferred ETF include Stephens Inc. AR (2.07%), HighTower Advisors LLC (1.25%), Benjamin Edwards Inc. (0.79%) and Evolution Wealth Advisors LLC (0.66%).

Shares of VRP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Invesco Variable Rate Preferred ETF investors own include Verizon Communications (VZ), AT&T (T), Exxon Mobil (XOM), Meta Platforms (META), International Business Machines (IBM), Altria Group (MO) and Gilead Sciences (GILD).

Fund Details

Issuer
Invesco
Fund Name
Invesco Variable Rate Preferred ETF
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:VRP
Inception Date
4/28/2014
Fund Manager
Peter Hubbard, Jeffrey W. Kernagis, Richard Ose, Gary Jones, Philip Fang
Web
N/A
Phone
N/A

Fund Focus

Asset Class
Equity
Benchmark
ICE Variable Rate Preferred & Hybrid Securities Index
Category
Strategy
Focus
Preferred Stock
Development Level
Developed Markets
Region
North America
Number of Holdings
310

Fund Statistics

Assets Under Management
$1.86 billion
Average Daily Volume
$297,038.40
Discount/Premium
0.14%

Administrator, Advisor and Custodian

Administrator
The Bank of New York Mellon Corporation
Advisor
Invesco Capital Management LLC
Custodian
The Bank of New York Mellon Corporation
Distributor
Invesco Distributors, Inc.
Transfer Agent
The Bank of New York Mellon Corporation
Trustee
N/A
Lead Market Maker
Virtu Financial

Options

Optionable
N/A
Short Interest
365,800 shs

Miscellaneous

Beta
0.23
Creation Unit
100,000
Creation Fee
$500.00
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Top 10 VRP Holdings

  • Wells Fargo & Co
    Holding Weight: 1.51%
  • JPMorgan Chase & Co
    Holding Weight: 1.33%
  • Citigroup Capital XIII
    Holding Weight: 1.20%
  • JPMorgan Chase & Co
    Holding Weight: 1.18%
  • BP Capital Markets PLC
    Holding Weight: 1.09%
  • Charles Schwab Corp/The
    Holding Weight: 1.09%
  • Goldman Sachs Group Inc/The
    Holding Weight: 1.05%
  • Bank of America Corp
    Holding Weight: 1.01%
  • Citigroup Inc
    Holding Weight: 0.98%
  • Vodafone Group PLC
    Holding Weight: 0.93%

VRP Sector Exposure

VRP Industry Exposure


This page (NYSEARCA:VRP) was last updated on 12/3/2024 by MarketBeat.com Staff
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