VRP: A Preferred ETF Looking Safer Than Its Peers
Source: SeekingAlpha
2025-03-23 12:42:20 ET
Summary
- The Invesco Variable Rate Preferred ETF invests in preferred stocks and similar securities whose rates adjust periodically to reflect market interest rates.
- VRP looks a good choice for investors seeking exposure in preferred stocks with a relative low risk of capital decay compared to peers.
- However, inflation may take its toll and the heavy weight of financials in the portfolio incurs a systemic risk.
VRP strategy
Invesco Variable Rate Preferred ETF ( VRP ) started investing operations on 05/01/2014 and tracks the ICE Variable Rate Preferred & Hybrid Securities Index. VRP has 313 holdings, a 30-day SEC yield of 5.47%% and a total expense ratio of 0.50%. Distributions are paid monthly. As described in the prospectus by Invesco , the underlying index...
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VRP: A Preferred ETF Looking Safer Than Its Peers
Global X Variable Rate Preferred
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