Invesco Variable Rate Preferred ETF Price & Performance (VRP)

High-dividend ETFs are becoming a favored choice for investors seeking steady income. These funds, offering yields of up to 7%, are drawing attention as market volatility continues. Preferred equity ETFs, in particular, are standing out due to their consistent monthly payouts and relatively low risk, appealing to both new and seasoned investors.12

Institutional investors have made significant changes to their holdings in the Invesco Variable Rate Preferred ETF (VRP). Atria Investments reduced its stake by 10.5%, while Principal Financial Group acquired a new position worth nearly $500,000. The ETF's 12-month price range reflects stability, with a low of $23.40 and a high of $24.67.34

Baird has upgraded Bank of America Corporation's preferred stock (BML.PRL) from Neutral to Outperform. Institutional interest in the stock has shown mixed trends, with some funds increasing their holdings while others reduced allocations. The upgrade reflects optimism about the stock's potential amid broader market fluctuations.56