Invesco Variable Rate Preferred ETF
VRP
242 hedge funds and large institutions have $976M invested in Invesco Variable Rate Preferred ETF in 2022 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 62 increasing their positions, 116 reducing their positions, and 19 closing their positions.
84% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 19
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
6% more funds holding
Funds holding: 229 → 242 (+13)
2.26% more ownership
Funds ownership: 53.45% → 55.71% (+2.3%)
2% more capital invested
Capital invested by funds: $957M → $976M (+$19.2M)
47% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 116
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$32.8M |
| 2 |
JP Morgan Chase
New York
|
+$21.3M |
| 3 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
+$18.4M |
| 4 |
AA
Advisory Alpha
Holland,
Michigan
|
+$14.5M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$31.1M |
| 2 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$21.2M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$17.1M |
| 4 |
Rockefeller Capital Management
New York
|
-$16.9M |
| 5 |
Jane Street
New York
|
-$11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
251
Mariner
Overland Park,
Kansas
| – | -$286K | -13,067 | Closed |
|
|
TPW
252
Transatlantique Private Wealth
New York
| – | -$266K | -12,162 | Closed |
|
253
KeyBank National Association
Cleveland,
Ohio
| – | -$252K | -11,492 | Closed |
|
|
AWA
254
Arkadios Wealth Advisors
Atlanta,
Georgia
| – | -$217K | -9,896 | Closed |
|
|
IAG
255
Investment Advisory Group
Hanover,
Massachusetts
| – | -$202K | -9,206 | Closed |
|
|
AF
256
Advisornet Financial
Minnetonka,
Minnesota
| – | -$121K | -5,536 | Closed |
|
|
ACK
257
Andrew C. Karlinski
| – | -$18K | -822 | Closed |
|
|
HIA
258
Harbor Investment Advisory
Lutherville,
Maryland
| – | -$15K | -678 | Closed |
|
|
RIA
259
Realta Investment Advisors
Wilmington,
Delaware
| – | -$4K | -165 | Closed |
|
260
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$3K | -119 | Closed |
|
|
PA
261
Parallel Advisors
San Francisco,
California
| – | -$2K | -111 | Closed |
|
VRP Hedge Fund Activity: Q4 2022 in Review
242 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q4 2022, worth a combined $976M — up 2% from $957M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new VRP positions and 19 closed out — a net gain of 16 holders — while 62 added to existing stakes and 116 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $32.8M. The largest seller was Bank of America, cutting an estimated $31.1M.
- 242 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q4 2022, up from 229 in Q3 2022.
- Funds reported $976M of Invesco Variable Rate Preferred ETF stock for Q4 2022, up 2% quarter-over-quarter.
- 35 funds opened new Invesco Variable Rate Preferred ETF positions in Q4 2022 and 19 closed out, a net change of +16 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q4 2022 was Morgan Stanley, an estimated $32.8M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q4 2022 was Bank of America, an estimated $31.1M sold.
Based on aggregated 13F filings for Q4 2022.