VRP News and Press, Invesco Variable Rate Preferred From 04/24/23

2023-04-24 13:19:26 ET Invesco Variable Rate Preferred ETF ( NYSEARCA: VRP ) - $0.1136 . 30-Day SEC Yield of 5.89% as of April 21. Payable Apr 28; for shareholders of record Apr 25; ex-div Apr 24. For further details see: Invesco Variable Rate Preferred ETF d...

2023-03-20 12:44:29 ET Invesco Variable Rate Preferred ETF ( NYSEARCA: VRP ) - $0.1131 . 30-Day SEC Yield of 6.08% as of Mar 17. Payable Mar 24; for shareholders of record Mar 21; ex-div Mar 20. For further details see: Invesco Variable Rate Preferred ETF dec...

Summary We share data on 40 big-yield preferred stock ETFs and CEFs, including a special focus on the popular iShares Preferred and Income Securities ETF (current yield is 5.8%). After diving into the details on PFF, we compare it to other preferred stock funds that offer higher yields,...

Summary PFFD provides exposure to a broad index of preferred securities. PFFD is dominated by fixed-coupon preferreds. In a rising interest rate environment, PFFD underperforms its peer, the VRP ETF, due to negative duration impacts. The Global X U.S. Preferred ETF (PFFD) ...

Summary The HPI fund provides exposure to preferred stocks and corporate bonds. The fund pays an attractive 8.5% distribution yield. However, looking at HPI's long-term performance, I am concerned with its long-term declining NAV and distributions. A simple passive ETF like VRP ...

Summary The VRP ETF provides exposure to variable rate preferred equities and hybrid securities. Preferred equities sit between debt and common equity in the capital structure and trade inversely to credit spreads, like high yield bonds. However, the VRP ETF has superior returns and...

Summary The Invesco Variable Rate Preferred ETF is down over 15% since my article last November, when I thought its variable-rate strategy would do okay when the FOMC pushed up rates. Here I take a look at VRP’s largest holdings and try to decipher why its performance was p...

Invesco Adds New ETFs To Its Fixed Income Suite That Offers Targeted Exposure to Historically Ignored Fixed Income Sectors PR Newswire Two new BulletShares maturities added to Invesco's robust fixed income suite; combine the benefits of holding individual bonds alongsi...

Summary Basket of old Minimum Coupon Floating Rate issues are finally starting to float on a forward-looking basis. Looking at issues tied to Bank of America suggests the floating rate securities should begin to resist principal loss if rates continue to move higher. With the ...

Summary A significant amount of the Fixed-To-Floating Rate Preferred and Baby Bond securities tied to 3-Month Libor are above initial coupon rate when they float. Recent legislation removes risk associated with Libor linked securities post elimination. Area of interest in Fixe...