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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
AWM
251
AE Wealth Management
Kansas
– -$265K -11,257 Closed
PCA
252
Prosperity Capital Advisors
Ohio
– -$226K -9,785 Closed
PBF
253
Petix & Botte Financial
California
– -$218K -9,448 Closed
CFIA
254
Cantor Fitzgerald Investment Advisors
New York
– -$210K -9,101 Closed
BAM
255
Belpointe Asset Management
Nevada
– -$201K -8,726 Closed
OP
256
ORG Partners
Indiana
– -$136K -5,900 Closed
TWC
257
TD Waterhouse Canada
Ontario, Canada
– -$79.8K -3,470 Closed
PS
258
Planned Solutions
California
– -$22.7K -983 Closed
NB
259
NBT Bank
New York
– -$10.8K -470 Closed
FBC
260
Fairfield, Bush & Co
Connecticut
– -$4.62K -200 Closed
GI
261
Gradient Investments
Minnesota
– -$2.88K -125 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.