VRP stock icon

Invesco Variable Rate Preferred ETF
VRP

24.45 USD
+0.08
0.33%
At close Oct 9, 4:00 PM EDT
1 day
0.33%
5 days
-0.29%
1 month
0.37%
3 months
2.17%
6 months
3.03%
Year to date
6.12%
1 year
11.29%
5 years
-3.66%
0
Funds holding %
of 6,740 funds
–
Analysts bullish %

Fund manager confidence

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

50% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 6 (+2) [Q2]

50% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 14

3% more funds holding

Funds holding: 232 [Q1] → 239 (+7) [Q2]

3% less capital invested

Capital invested by funds: $985M [Q1] → $953M (-$32.5M) [Q2]

4% less repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 90

6.26% less ownership

Funds ownership: 61.43% [Q1] → 55.17% (-6.26%) [Q2]

See Fund Rankings

Research analyst outlook

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

See Analyst Rankings

Financial journalist opinion

Positive
Seeking Alpha
2 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
2 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
3 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
7 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
7 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
10 months 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.
VRP: Time For A Swap
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