Invesco Variable Rate Investment Grade ETF
VRIG
Market cap $1.06B

25.11 USD

+0.01

0.04%

At close Oct 4, 4:00 PM EDT

1 day

0.04%

5 days

0.08%

1 month

-0.12%

3 months

-0.16%

6 months

-0.12%

Year to date

0.48%

1 year

0.52%

5 years

0.92%

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

41% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 37

2% more capital invested

Capital invested by funds: $683M [Q1] → $695M (+$12M) [Q2]

0% more funds holding

Funds holding: 113 [Q1] → 113 (+0) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q1] → 7 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 12

16.91% less ownership

Funds ownership: 82.51% [Q1] → 65.6% (-16.91%) [Q2]

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Research analyst outlook

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

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Financial journalist opinion

VRIG: There Are Better Alternatives

Invesco Variable Rate Investment Grade ETF provides exposure to floating rate investment grade credit securities. VRIG ETF has delivered modest returns since October, outperforming expectations due to the U.S. economy's solid growth. However, a comparison against peers shows VRIG has underperformed, with higher credit risk, but lower returns compared to JAAA.

VRIG: There Are Better Alternatives

VRIG: Reasonable Pledge To Sill High Interest Rates

VRIG's moderate and stable returns could last for longer in this elevated interest rate environment. The expectations for a quick Fed's pivot dissipated amid the acceleration in US inflation, thus increasing the attractiveness of floaters. The fund could deliver another 5% return in the following 12-month period.

VRIG: Reasonable Pledge To Sill High Interest Rates

Zacks Investment Research

Floating Rate Bond ETF (VRIG) Hits New 52-Week High

For investors seeking momentum, Invesco Variable Rate Investment Grade ETF VRIG is probably on radar. The fund just hit a 52-week high and is up 2% from its 52-week low price of $24.76/share.

Floating Rate Bond ETF (VRIG) Hits New 52-Week High

VRIG: For Those Expecting Higher For Longer

Invesco Variable Rate Investment Grade ETF offers stable income and low portfolio duration for investors concerned about an uncertain inflation outlook. VRIG primarily invests in high-grade variable rate instruments and has a current yield of 6.2%. The fund's holdings are diverse and predominantly consist of U.S. Treasury Floating Rate Notes and high-grade corporate bonds.

VRIG: For Those Expecting Higher For Longer

VRIG: Could Keep Delivering A 6.3% Yield Well Into 2024

VRIG is an actively managed fixed income ETF that invests primarily in high-grade variable rate instruments. Despite holding collateral with longer maturities, VRIG maintains a low duration profile due to its floating-rate nature, reducing sensitivity to interest rate changes. The fund's portfolio is diversified with a focus on high-grade bonds, treasuries, and securitization sectors to mitigate credit spread risk. Single issuer concentration is kept minimal.

VRIG: Could Keep Delivering A 6.3% Yield Well Into 2024

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