Stocklytics Platform
VRIG
Invesco Variable Rate Investment Grade ETF
VRIG
$25.12arrow_drop_up0.05%$0.01

Performance History

Chart placeholder
Key Stats
Open$25.10
Prev. Close$25.09
EPS-
DividendNon-Dividend
Next Earnings Date-
Dividend Yield %-
Market Cap-
PE Ratio-
LOWHIGH
Day Range25.10
25.11
52 Week Range24.85
25.24
Ratios
P/B Ratio-
Revenue-
Operating M. %-
Earnings-
Earnings Growth %-
EBITDA Margin %-
ROE %-
EPS-

About Invesco Variable Rate Investment Grade ETF (VRIG)

The Invesco Variable Rate Investment Grade ETF (VRIG) is an exchange-traded fund that provides exposure to investment-grade bonds with variable interest rates. The ETF aims to provide investors with a way to generate income while protecting against interest rate risk. It tracks the performance of the ICE BofAML Investment Grade Floating Rate Index, which includes U.S. dollar-denominated, investment-grade floating rate notes. These notes typically have coupon rates that reset periodically based on changes in short-term interest rates. By investing in these securities, the ETF seeks to provide a way for investors to earn a floating rate of income that can adjust with changes in the interest rate environment.
One of the advantages of investing in the VRIG ETF is its ability to provide a hedge against rising interest rates. Unlike traditional fixed-rate bonds, floating rate notes have coupon rates that adjust with changes in interest rates. This means that if interest rates rise, the coupon payments on the securities held by the ETF will also increase. As a result, investors can benefit from higher income payments when rates are on the rise. Additionally, the ETF's investment-grade focus helps to minimize credit risk, as it primarily holds bonds issued by investment-grade companies. This can provide investors with a level of safety and stability, as these issuers are considered to have a lower risk of default compared to lower-rated bonds.
Sector
Industry
CEO
Headquarters
Employees
0
Exchange
NASDAQ

Analyst Forecast

Period: Next 12 Months

Analyst Ratings

add Invesco Variable Rate Investment Grade ETF to watchlist

Keep an eye on Invesco Variable Rate Investment Grade ETF

Adding the right stocks to your watchlist can provide valuable insights and opportunities for strategic decision-making.

News

Sign up for our newsletter

Join our exclusive community of over one million investment enthusiasts and receive our free newsletter filled with analysis, news, and updates every weekday.

Take Your Investments to a Whole New Level

Stocklytics Platform

© 2024 Stocklytics.com All rights reserved.

Stocklytics.com is not a financial advisor, and all data and information provided on this website are for informational purposes only. The content on Stocklytics.com is not intended to be a substitute for professional financial advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions. Stocklytics.com makes no representations or warranties regarding the accuracy, completeness, or suitability of any information provided and is not liable for any errors or omissions, or for any losses incurred as a result of reliance on the information provided on this website.

Stocklytics Discord public channelStocklytics X Social Media