VRP ETF Analysis: Variable Rate Preferred | NYSE
Preferred Stock | NYSE, USA | Market Cap: 3.035m USD | 12M Return: 2.3% | US46138G8704 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 11.3M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The Invesco Variable Rate Preferred ETF (VRP) is a passively managed, non-diversified fund that invests at least 90% of its assets in a market-capitalization-weighted index of U.S. dollar-denominated preferred stocks and certain hybrid securities, including ADRs. The index specifically targets floating and variable rate issues spanning both investment-grade and below-investment-grade credit quality.
As a preferred stock ETF, VRP focuses on income-generating securities that sit between common equity and senior debt in a companys capital structure. Its emphasis on variable and floating rate coupons distinguishes it from fixed-rate preferred ETFs, as the adjustable dividend payments help mitigate interest rate risk, which is a key structural concern for traditional preferred shareholders.
- Fed rate cuts lower floating rate preferred yields
- Credit spreads widen on preferred issuer defaults
- Strong investor demand lifts ETF AUM and fees
As of September 27, 2026, the stock is trading at USD 23.78 with a total of 662,983 shares traded. Over the past week, the price has changed by -0.81%, over one month by -0.98%, over three months by -0.94% and over the past year by +2.29%.
Current recommended Stop Loss: 23.60 (which is 0.8% or 2.2 ATR below the current price).
Variable Rate Preferred has no consensus analysts rating.