Invesco Floating Rate Municipal Income ETF
PVI
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 11 Greenway Plaza, Suite 1000 Houston TX United States of America 77046
- IPO Date
- Nov 15, 2007
- CIK
- 0001378872
- Website
- invesco.com
- Similar Companies
- Business
- Invesco Floating Rate Municipal Income ETF (PVI) is an exchange-traded fund that seeks to track the performance of the ICE US Municipal AMT-Free VRDO Constrained Index, investing at least 80% of its total assets in U.S. dollar-denominated tax-exempt variable rate demand obligations (VRDOs) issued by U.S. states, territories, and their political subdivisions; these securities feature interest rates that reset daily, weekly, or monthly, providing liquidity and protection against interest rate fluctuations through put features. The fund employs a sampling methodology rather than full replication of the index constituents and rebalances on the last calendar day of each month. Launched on November 15, 2007, and managed by Invesco Exchange-Traded Fund Trust II, headquartered at 3500 Lacey Road, Suite 700, Downers Grove, IL 60515, PVI targets income-focused investors seeking federally tax-exempt income from short-duration municipal securities with minimal credit risk. PVI serves retail and institutional investors in the fixed income segment of the municipal bond market, emphasizing AMT-free, floating-rate instruments for portfolio diversification and stable monthly distributions. As of recent data, the fund maintains total net assets of approximately $31 million, an expense ratio of 0.25%, and a trailing twelve-month dividend yield around 2.34%, with payouts ranging from $0.031 to $0.058 per share in 2025. Geographic exposure is concentrated in U.S. municipal issuers, with no significant international operations. Recent developments include a monthly distribution declaration of $0.0461 per share in April 2025 (record date April 26, payable April 29), underscoring ongoing income stability amid market volatility. Invesco added Daniel Michalak to the portfolio management team effective March 1, 2025, complementing managers Peter Hubbard (since 2007), Gary Jones (since 2012), and Jeremy Neisewander (since 2019). No major acquisitions, funding rounds, partnerships, or strategic shifts specific to PVI have been reported in the last 1-2 years, with operations focused on consistent index tracking and monthly rebalancing.