Industry description
The investment seeks to track the investment results of the ICE Variable Rate Preferred & Hybrid Securities Index.
The fund will invest at least 90% of its total assets in the components of the index, as well as ADRs that represent securities in the index. The index provider compiles and calculates the index, a market capitalization-weighted index designed to track the performance of floating and variable rate investment grade and below investment grade U.S. dollar denominated preferred stock, as well as certain types of hybrid securities. It is non-diversified.
Market Cap
The average market capitalization across the Invesco Variable Rate Preferred ETF ETF is 109.45K. The market cap for tickers in the group ranges from 5.5B to 5.5B. CPN holds the highest valuation in this group at 5.5B. The lowest valued company is CPN at 5.5B.
Volume
The average weekly volume growth across all stocks in the Invesco Variable Rate Preferred ETF ETF was 66%. For the same stocks of the ETF, the average monthly volume growth was 8% and the average quarterly volume growth was 3%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 7
P/E Growth Rating: 100
Price Growth Rating: 49
SMR Rating: 94
Profit Risk Rating: 83
Seasonality Score: -9 (-100 ... +100)