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Invesco Variable Rate Preferred ETF
VRP

237 hedge funds and large institutions have $875M invested in Invesco Variable Rate Preferred ETF in 2024 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 79 increasing their positions, 91 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 24

3% more funds holding

Funds holding: 230 → 237 (+7)

4% less capital invested

Capital invested by funds: $908M → $875M (-$32.7M)

6.46% less ownership

Funds ownership: 61.02% → 54.56% (-6.5%)

13% less repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 91

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
237
Holders Change
+7
Holders Change %
+3.04%
% of All Funds
3.41%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
32
Increased
79
Reduced
91
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$8.68M
2
UBS Group
UBS Group
Switzerland
+$8.13M
3
LPL Financial
LPL Financial
California
+$7.59M
4
SAM
Synergy Asset Management
Washington
+$7.46M
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$6.52M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$89M
2
SAMC
Spectrum Asset Management (Connecticut)
Connecticut
-$6.8M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.35M
4
GL
Graypoint LLC
New York
-$3.68M
5
MWM
Meridian Wealth Management
Kentucky
-$3.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
IPW
226
Impact Partnership Wealth
Georgia
$7.61K – – –
PCM
227
Penserra Capital Management
California
$7K – – –
NA
228
NewEdge Advisors
Louisiana
$6.82K – – –
US Bancorp
229
US Bancorp
Minnesota
$6.8K -$94 -4 -1%
RFA
230
Register Financial Advisors
Georgia
$6.18K +$6.11K +260 New
TRCT
231
Tower Research Capital (TRC)
New York
$5.32K – – –
RIL
232
Rothschild Investment LLC
Illinois
$3.57K – – –
CFGS
233
Concourse Financial Group Securities
Alabama
$3.56K – – –
DFA
234
DHJJ Financial Advisors
Illinois
$1.95K – – –
BAM
235
Byrne Asset Management
New Jersey
$1.9K +$1.88K +80 New
Fidelity Investments
236
Fidelity Investments
Massachusetts
$24 -$141 -6 -86%
OSAM
237
O'Shaughnessy Asset Management
Connecticut
$20 – – –
Susquehanna International Group
238
Susquehanna International Group
Pennsylvania
– -$4.35M -188,655 Closed
MWM
239
Meridian Wealth Management
Kentucky
– -$3.43M -148,551 Closed
Principal Financial Group
240
Principal Financial Group
Iowa
– -$2.91M -126,276 Closed
ACM
241
AlphaStar Capital Management
North Carolina
– -$1.42M -61,399 Closed
AC
242
AlphaCore Capital
California
– -$842K -36,500 Closed
WWM
243
Western Wealth Management
Colorado
– -$770K -33,355 Closed
Koshinski Asset Management
244
Koshinski Asset Management
Illinois
– -$494K -21,425 Closed
CCM
245
Crabel Capital Management
California
– -$475K -20,563 Closed
JFG
246
Jefferies Financial Group
New York
– -$469K -20,315 Closed
CP
247
Camelot Portfolios
Ohio
– -$390K -16,876 Closed
MFG
248
MidWestOne Financial Group
Iowa
– -$358K -15,500 Closed
PIWA
249
Prevail Innovative Wealth Advisors
Kansas
– -$323K -14,002 Closed
N
250
Natixis
France
– -$296K -12,813 Closed
7 8 9
10
11

VRP Hedge Fund Activity: Q1 2024 in Review

237 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2024, worth a combined $875M — down 3.6% from $908M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new VRP positions and 24 closed out — a net gain of 8 holders — while 79 added to existing stakes and 91 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $8.68M. The largest seller was Morgan Stanley, cutting an estimated $89M.

  • 237 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2024, up from 230 in Q4 2023.
  • Funds reported $875M of Invesco Variable Rate Preferred ETF stock for Q1 2024, down 3.6% quarter-over-quarter.
  • 32 funds opened new Invesco Variable Rate Preferred ETF positions in Q1 2024 and 24 closed out, a net change of +8 holders.
  • The largest Invesco Variable Rate Preferred ETF buyer in Q1 2024 was Royal Bank of Canada, an estimated $8.68M added.
  • The largest Invesco Variable Rate Preferred ETF seller in Q1 2024 was Morgan Stanley, an estimated $89M sold.

Based on aggregated 13F filings for Q1 2024.