Invesco Variable Rate Preferred ETF
70 hedge funds and large institutions have $246M invested in Invesco Variable Rate Preferred ETF in 2016 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 34 increasing their positions, 15 reducing their positions, and 7 closing their positions.
127% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 15
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
30% more capital invested
Capital invested by funds: $189M → $246M (+$56.7M)
11% more funds holding
Funds holding: 63 → 70 (+7)
2.96% more ownership
Funds ownership: 41.31% → 44.27% (+3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$21.3M |
| 2 |
3AM
3D Asset Management
Hartford,
Connecticut
|
+$11M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$7.39M |
| 4 |
EC
Estate Counselors
Thiensville,
Wisconsin
|
+$7.16M |
| 5 |
AP
Atwood & Palmer
Kansas City,
Missouri
|
+$6.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
CWH Capital Management
Spokane,
Washington
|
-$9.43M |
| 2 |
Jane Street
New York
|
-$8.77M |
| 3 |
LPL Financial
San Diego,
California
|
-$4.23M |
| 4 |
ACM
Argentus Capital Management
Dallas,
Texas
|
-$1.72M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.58M |
VRP Hedge Fund Activity: Q1 2016 in Review
70 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2016, worth a combined $246M — up 30% from $189M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new VRP positions and 7 closed out — a net gain of 7 holders — while 34 added to existing stakes and 15 trimmed.
The largest buyer was Invesco, opening a new position worth an estimated $21.3M. The largest seller was CWH Capital Management, exiting entirely with an estimated $9.43M sold.
- 70 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2016, up from 63 in Q4 2015.
- Funds reported $246M of Invesco Variable Rate Preferred ETF stock for Q1 2016, up 30% quarter-over-quarter.
- 14 funds opened new Invesco Variable Rate Preferred ETF positions in Q1 2016 and 7 closed out, a net change of +7 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q1 2016 was Invesco, an estimated $21.3M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q1 2016 was CWH Capital Management, an estimated $9.43M sold.
Based on aggregated 13F filings for Q1 2016.