Invesco Variable Rate Preferred ETF
245 hedge funds and large institutions have $1.13B invested in Invesco Variable Rate Preferred ETF in 2025 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 90 increasing their positions, 89 reducing their positions, and 15 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
40% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 15
1% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 89
1% more funds holding
Funds holding: 243 → 245 (+2)
0.86% less ownership
Funds ownership: 55.94% → 55.09% (-0.86%)
11% less capital invested
Capital invested by funds: $1.27B → $1.13B (-$139M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$83.2M |
| 2 |
Morgan Stanley
New York
|
+$25.2M |
| 3 |
JP Morgan Chase
New York
|
+$17.5M |
| 4 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
+$9.73M |
| 5 |
WF
Williams Financial
North Bennington,
Vermont
|
+$8.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Advisory Alpha
Holland,
Michigan
|
-$45.5M |
| 2 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
-$19.1M |
| 3 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
-$14.8M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.82M |
| 5 |
HFS
Horizon Financial Services
Winston Salem,
North Carolina
|
-$4.56M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
251
First Manhattan
New York
| – | -$242K | -10,000 | Closed |
|
|
IAIM
252
International Assets Investment Management
Orlando,
Florida
| – | -$235K | -9,675 | Closed |
|
|
FIC
253
Family Investment Center
Saint Joseph,
Missouri
| – | -$222K | -9,161 | Closed |
|
|
ZF
254
Zhang Financial
Portage,
Michigan
| – | -$202K | -8,360 | Closed |
|
255
Citadel Advisors
Miami,
Florida
| – | -$201K | -8,299 | Closed |
|
|
BWAM
256
Boyd Watterson Asset Management
Cleveland,
Ohio
| – | -$26.6K | -1,099 | Closed |
|
|
VHAM
257
Van Hulzen Asset Management
El Dorado Hills,
California
| – | -$15.3K | -632 | Closed |
|
|
CFGS
258
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$15.2K | -623 | Closed |
|
|
TRCT
259
Tower Research Capital (TRC)
New York
| – | -$5.42K | -224 | Closed |
|
|
CA
260
CoreCap Advisors
Southfield,
Michigan
| – | -$2.66K | -110 | Closed |
|
VRP Hedge Fund Activity: Q1 2025 in Review
245 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2025, worth a combined $1.13B — down 11% from $1.27B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new VRP positions and 15 closed out — a net gain of 6 holders — while 90 added to existing stakes and 89 trimmed.
The largest buyer was Bank of America, adding an estimated $83.2M. The largest seller was Advisory Alpha, cutting an estimated $45.5M.
- 245 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2025, up from 243 in Q4 2024.
- Funds reported $1.13B of Invesco Variable Rate Preferred ETF stock for Q1 2025, down 11% quarter-over-quarter.
- 21 funds opened new Invesco Variable Rate Preferred ETF positions in Q1 2025 and 15 closed out, a net change of +6 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q1 2025 was Bank of America, an estimated $83.2M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q1 2025 was Advisory Alpha, an estimated $45.5M sold.
Based on aggregated 13F filings for Q1 2025.