PVI Invesco Floating Rate Municipal Income ETF
Quote as of Aug 26, 2026 19:13 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 24.78 | Day Range | 24.76 – 24.84 |
| 52-Week Range | 24.62 – 25.00 | Volume | 8.89K |
| Avg Volume | 7.99K | AUM | $31.0M (Aug 27, 2026) |
| Expense Ratio | 0.25% | Yield (TTM) | 2.22% |
| NAV | 24.81 | Premium/Discount | +0.10% indicative |
| Inception | Nov 15, 2007 | Holdings | 151 |
| Issuer | Invesco | Exchange | AMEX |
| Category | Municipal Bonds | Index Tracked | Not stated in source data |
| CUSIP | 46138G862 | ISIN | US46138G8621 |
| Management | Not stated in source data | ||
About this ETF
The Invesco Floating Rate Municipal Income ETF (PVI) aims to replicate the performance of the ICE US Municipal AMT-Free VRDO Constrained Index. This Fund typically allocates a minimum of 80% of its total assets to U.S. dollar-denominated, tax-exempt variable rate demand obligations (VRDOs). The benchmark Index itself monitors tax-free VRDOs publicly issued by U.S. states, territories, and their various political subdivisions, all of which feature interest rates that are adjusted daily, weekly, or monthly. Rather than acquiring every constituent security of the Index, the Fund utilizes a "sampling" strategy to fulfill its investment objective. Both the Fund and its tracking Index undergo rebalancing at the conclusion of the final calendar day of each month. It's noteworthy that, effective after the close of markets on August 25, 2023, the Fund's name was updated from Invesco VRDO Tax-Free ETF to Invesco Floating Rate Municipal Income ETF, without any other modifications to the Fund's structure or operations. For more comprehensive details, please refer to the prospectus.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +0.08% | -0.28% | +0.12% | -0.56% | -0.36% | -0.07% | -0.08% | -0.06% | -0.06% |
| Total return | +0.08% | +0.08% | +1.02% | +0.69% | +1.68% | +2.38% | +1.96% | +1.27% | +0.97% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.25% | Annual cost of a $10,000 investment | $25.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 22, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 154 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | New York City Municipal Water Finance Authority… | — | 4.43% | 1.38M | $1.4M |
| 2 | New York City Housing Development Corp 2.30%… | — | 3.86% | 1.20M | $1.2M |
| 3 | State of Texas 2.20% 06/01/2046 | — | 2.93% | 910.00K | $910.0K |
| 4 | Florida Keys Aqueduct Authority 2.30% 09/01/2035 | — | 2.25% | 700.00K | $700.0K |
| 5 | Connecticut Housing Finance Authority 2.20%… | — | 2.25% | 700.00K | $700.0K |
| 6 | New York City Transitional Finance Authority… | — | 2.25% | 700.00K | $700.0K |
| 7 | Illinois Finance Authority 2.15% 11/01/2038 | — | 2.16% | 670.00K | $670.0K |
| 8 | Metropolitan Transportation Authority 2.31%… | — | 1.93% | 600.00K | $600.0K |
| 9 | Halifax Hospital Medical Center 2.20% 06/01/2048 | — | 1.61% | 500.00K | $500.0K |
| 10 | Board of Regents of the University of Texas… | — | 1.61% | 500.00K | $500.0K |
| 11 | City of Houston TX Combined Utility System… | — | 1.61% | 500.00K | $500.0K |
| 12 | City of West Palm Beach FL Utility System… | — | 1.61% | 500.00K | $500.0K |
| 13 | Bay Area Toll Authority 2.10% 04/01/2055 | — | 1.61% | 500.00K | $500.0K |
| 14 | City of New York NY 2.70% 09/01/2049 | — | 1.55% | 480.00K | $480.0K |
| 15 | New York City Transitional Finance Authority… | — | 1.29% | 400.00K | $400.0K |
| 16 | Charlotte-Mecklenburg Hospital Authority/The… | — | 1.29% | 400.00K | $400.0K |
| 17 | New York City Transitional Finance Authority… | — | 1.26% | 390.00K | $390.0K |
| 18 | District of Columbia 2.30% 08/15/2038 | — | 1.21% | 375.00K | $375.0K |
| 19 | Tarrant County Cultural Education Facilities… | — | 1.13% | 350.00K | $350.0K |
| 20 | Emmaus General Authority 2.40% 12/01/2028 | — | 0.97% | 300.00K | $300.0K |
| 21 | City of New York NY 2.65% 06/01/2044 | — | 0.97% | 300.00K | $300.0K |
| 22 | Louisville/Jefferson County Metropolitan… | — | 0.97% | 300.00K | $300.0K |
| 23 | City of Rochester MN 2.30% 11/15/2038 | — | 0.97% | 300.00K | $300.0K |
| 24 | New York City Transitional Finance Authority… | — | 0.97% | 300.00K | $300.0K |
| 25 | Pennsylvania Higher Educational Facilities… | — | 0.97% | 300.00K | $300.0K |
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Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 2.22% | Paid (last 12 months) | $0.5499 |
| Frequency | Monthly | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Aug 24, 2026 | Last payment | $0.0448 (Aug 28, 2026) |
| Growth 1Y | -4.80% | Growth 3Y / 5Y (ann.) | -6.04% / +449.27% |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Aug 24, 2026 | Aug 24, 2026 | Aug 28, 2026 | $0.0448 |
| Jul 20, 2026 | Jul 20, 2026 | Jul 24, 2026 | $0.0457 |
| Jun 22, 2026 | Jun 22, 2026 | Jun 26, 2026 | $0.0412 |
| May 18, 2026 | May 18, 2026 | May 22, 2026 | $0.0586 |
| Apr 20, 2026 | Apr 20, 2026 | Apr 24, 2026 | $0.0380 |
| Mar 23, 2026 | Mar 23, 2026 | Mar 27, 2026 | $0.0289 |
| Feb 23, 2026 | Feb 23, 2026 | Feb 27, 2026 | $0.0343 |
| Jan 20, 2026 | Jan 20, 2026 | Jan 23, 2026 | $0.0573 |
| Dec 22, 2025 | Dec 22, 2025 | Dec 26, 2025 | $0.0523 |
| Nov 24, 2025 | Nov 24, 2025 | Nov 28, 2025 | $0.0497 |
| Oct 20, 2025 | Oct 20, 2025 | Oct 24, 2025 | $0.0551 |
| Sep 22, 2025 | Sep 22, 2025 | Sep 26, 2025 | $0.0440 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 2.70% / 2.54% | Sharpe 1Y / 3Y | -0.738 / -0.506 |
| Max drawdown 1Y / 3Y | -1.02% / -1.17% | Sortino 1Y | -1.09 |
| Beta vs S&P 500 (3Y) | 0.012 | Correlation vs S&P 500 (1Y) | -0.072 |
| Downside deviation 1Y | 1.83% | Risk-free rate used | 3.72% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 26, 2026. Formulas →
Liquidity
| Volume today | 8.89K | Average volume | 7.99K |
| AUM | $31.0M | Premium/Discount | +0.10% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$51.0K | -0.16% | $31.1M → $31.0M |
| 1 Week | $43.0K | +0.14% | $31.1M → $31.0M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for PVI
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.