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Invesco Variable Rate Preferred ETF

63 hedge funds and large institutions have $189M invested in Invesco Variable Rate Preferred ETF in 2015 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 29 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 5

164% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 11

37% more capital invested

Capital invested by funds: $138M → $189M (+$51.5M)

29% more funds holding

Funds holding: 4963 (+14)

2.2% more ownership

Funds ownership: 39.11%41.31% (+2.2%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

Holders
63
Holders Change
+14
Holders Change %
+28.57%
% of All Funds
1.65%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.05%
New
20
Increased
29
Reduced
11
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
EC
26
Estate Counselors
Wisconsin
$873K +$874K +36,000 New
AI
27
Atria Investments
North Carolina
$798K +$801K +32,979 New
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$794K +$127K +5,240 +19%
Baird Financial Group
29
Baird Financial Group
Wisconsin
$763K -$77.2K -3,180 -9%
MFS
30
MSI Financial Services
Massachusetts
$733K +$289K +11,908 +65%
CA
31
Cetera Advisors
Colorado
$708K -$59.3K -2,443 -8%
HFS
32
HL Financial Services
Kentucky
$700K +$130K +5,365 +23%
RBC
33
Ronald Blue & Co
Georgia
$597K +$598K +24,600 New
DADC
34
D.A. Davidson & Co
Montana
$533K -$73K -3,004 -12%
KA
35
Klingman & Associates
New York
$531K +$340K +14,000 +177%
Citigroup
36
Citigroup
New York
$474K +$462K +19,022 +3,804%
VKH
37
Virtu KCG Holdings
New York
$459K +$50.4K +2,076 +12%
AIG
38
American International Group
New York
$435K +$264K +10,875 +154%
PWMAG
39
Pinnacle Wealth Management Advisory Group
New Jersey
$432K +$432K +17,800 New
BTS
40
BB&T Securities
Virginia
$429K +$27.3K +1,124 +7%
TIM
41
Tortoise Investment Management
New York
$386K -$273K -11,251 -41%
CWM
42
Cabot Wealth Management
Massachusetts
$373K -$2.02K -83 -0.5%
DCM
43
Delta Capital Management
New Jersey
$367K +$16.3K +670 +5%
Janney Montgomery Scott
44
Janney Montgomery Scott
Pennsylvania
$360K +$360K +14,840 New
YMRC
45
Yorktown Management & Research Company
Virginia
$352K
DAS
46
Dynamic Advisor Solutions
Arizona
$336K +$336K +13,830 New
Koshinski Asset Management
47
Koshinski Asset Management
Illinois
$329K +$329K +13,550 New
AP
48
Atwood & Palmer
Missouri
$328K +$328K +13,500 New
HB
49
Homrich & Berg
Georgia
$225K +$225K +9,277 New
CPIG
50
Chicago Partners Investment Group
Illinois
$122K +$316 +13 +0.3%

VRP Hedge Fund Activity: Q4 2015 in Review

63 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q4 2015, worth a combined $189M — up 37% from $138M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new VRP positions and 5 closed out — a net gain of 15 holders — while 29 added to existing stakes and 11 trimmed.

The largest buyer was Bank of America, adding an estimated $11.4M. The largest seller was JP Morgan Chase, exiting entirely with an estimated $1.08M sold.

  • 63 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q4 2015, up from 49 in Q3 2015.
  • Funds reported $189M of Invesco Variable Rate Preferred ETF stock for Q4 2015, up 37% quarter-over-quarter.
  • 20 funds opened new Invesco Variable Rate Preferred ETF positions in Q4 2015 and 5 closed out, a net change of +15 holders.
  • The largest Invesco Variable Rate Preferred ETF buyer in Q4 2015 was Bank of America, an estimated $11.4M added.
  • The largest Invesco Variable Rate Preferred ETF seller in Q4 2015 was JP Morgan Chase, an estimated $1.08M sold.

Based on aggregated 13F filings for Q4 2015.