Welcome to our dedicated page for Invesco Variable Rate Preferred ETF news (Ticker: VRP), a resource for investors and traders seeking the latest updates and insights on Invesco Variable Rate Preferred ETF stock.
Invesco Variable Rate Preferred ETF (VRP) invests in preferred securities, or securities comparable to preferred securities, that are included in its underlying index. News about the fund centers on Invesco ETF lineup actions, preferred-security index methodology changes and updates affecting exposure tied to variable-rate preferred and hybrid securities.
Invesco Ltd. (NYSE: IVZ) announced changes to the underlying indexes of two of its ETFs: Invesco Financial Preferred ETF (PGF) and Invesco Variable Rate Preferred ETF (VRP). Effective June 30, 2021, PGF will shift from the Wells Fargo® Hybrid and Preferred Securities Financial Index to the ICE Exchange-Listed Fixed Rate Financial Preferred Securities Index, while VRP will transition from the Wells Fargo® Hybrid and Preferred Securities Floating and Variable Rate Index to the ICE Variable Rate Preferred & Hybrid Securities Index. These changes aim to align with shareholders' long-term investment objectives.