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NYSEARCA:VRP

Invesco Variable Rate Preferred ETF - VRP Price, Holdings, & News

$21.70
+0.09 (+0.42%)
(As of 03/28/2023 12:00 AM ET)
Add
Compare
Today's Range
$21.61
$21.72
50-Day Range
$21.10
$23.73
52-Week Range
$20.88
$24.55
Volume
651,611 shs
Average Volume
518,509 shs
Market Capitalization
$1.59 billion
Assets Under Management
$1.58 billion
Dividend Yield
5.62%
Net Expense Ratio
0.50%
VRP stock logo

About Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

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.

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VRP ETF News Headlines

Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
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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
323

Fund Statistics

Assets Under Management
$1.58 billion
Average Daily Volume
$471,431.70
Discount/Premium
-0.21%

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
233,500 shs

Miscellaneous

Beta
0.44
Creation Unit
100,000
Creation Fee
$500.00

Invesco Variable Rate Preferred ETF Expenses

TypeVRPPreferred Stock ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.50%0.49%0.52%0.49%0.49%
Other Expenses0.00%0.23%0.52%0.58%0.55%
Total Expense0.50%0.52%0.68%0.70%0.68%
Fee Waiver0.00%0.00%-0.54%-0.63%-0.57%
Net Expense0.50%0.54%0.58%0.56%0.56%

Invesco Variable Rate Preferred ETF (VRP) Holdings & Exposure

Top 10 VRP Holdings

  • Invesco Government & Agency Portfolio
    Holding Weight: 1.84%
  • Wells Fargo & Co
    Holding Weight: 1.38%
  • JPMorgan Chase & Co
    Holding Weight: 1.28%
  • General Electric Co
    Holding Weight: 1.18%
  • Citigroup Capital XIII
    Holding Weight: 1.16%
  • BP Capital Markets PLC
    Holding Weight: 1.13%
  • Charles Schwab Corp/The
    Holding Weight: 1.09%
  • BP Capital Markets PLC
    Holding Weight: 1.07%
  • JPMorgan Chase & Co
    Holding Weight: 1.00%
  • Citigroup Inc
    Holding Weight: 0.94%

VRP Sector Exposure

VRP Industry Exposure














VRP ETF - Frequently Asked Questions

How have VRP shares performed in 2023?

Invesco Variable Rate Preferred ETF's stock was trading at $22.39 at the beginning of 2023. Since then, VRP shares have decreased by 3.2% and is now trading at $21.68.
View the best growth stocks for 2023 here
.

What does VRP invest in?

Invesco Variable Rate Preferred ETF is a equity fund issued by Invesco. VRP focuses on preferred stock investments and follows the ICE Variable Rate Preferred & Hybrid Securities Index. The fund's investments total to approximately $1.58 billion assets under management.

What is the management fee for Invesco Variable Rate Preferred ETF?

Invesco Variable Rate Preferred ETF's management fee is 0.50% and has no other recorded expenses or fee waivers. The net expense ratio for VRP is 0.50%.

What other stocks do shareholders of Invesco Variable Rate Preferred ETF own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Invesco Variable Rate Preferred ETF investors own include Verizon Communications (VZ), Invesco Preferred ETF (PGX), Lam Research (LRCX), iShares Preferred and Income Securities ETF (PFF), Boeing (BA), Bank of America (BAC), CVS Health (CVS), Enterprise Products Partners (EPD), Gilead Sciences (GILD) and Johnson & Johnson (JNJ).

What is Invesco Variable Rate Preferred ETF's stock symbol?

Invesco Variable Rate Preferred ETF trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "VRP."

Who are Invesco Variable Rate Preferred ETF's major shareholders?

Invesco Variable Rate Preferred ETF's stock is owned by a variety of retail and institutional investors. Top institutional investors include Morgan Stanley (7.38%), Bank of America Corp DE (4.86%), JPMorgan Chase & Co. (3.67%), UBS Group AG (3.28%), Advisor Group Holdings Inc. (2.92%) and Wells Fargo & Company MN (2.77%).

How do I buy shares of Invesco Variable Rate Preferred ETF?

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

What is Invesco Variable Rate Preferred ETF's stock price today?

One share of VRP stock can currently be purchased for approximately $21.68.

How much money does Invesco Variable Rate Preferred ETF make?

Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) has a market capitalization of $1.59 billion.

This page (NYSEARCA:VRP) was last updated on 3/28/2023 by MarketBeat.com Staff