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Invesco Variable Rate Preferred ETF

105 hedge funds and large institutions have $567M invested in Invesco Variable Rate Preferred ETF in 2017 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 55 increasing their positions, 20 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

229% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 7

175% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 20

67% more funds holding in top 10

Funds holding in top 10: 35 (+2)

30% more capital invested

Capital invested by funds: $437M → $567M (+$130M)

17% more funds holding

Funds holding: 90105 (+15)

1.05% less ownership

Funds ownership: 47.31%46.26% (-1%)

Holders
105
Holders Change
+15
Holders Change %
+16.67%
% of All Funds
2.61%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.12%
New
23
Increased
55
Reduced
20
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
FFEC
26
First Financial Equity Corporation
Arizona
$4.29M +$4.25M +168,894 New
JP Morgan Chase
27
JP Morgan Chase
New York
$4.08M +$1.99M +78,948 +97%
Goldman Sachs
28
Goldman Sachs
New York
$4.05M +$3.36M +133,546 +518%
LPL Financial
29
LPL Financial
California
$4.03M +$610K +24,216 +18%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$3.9M +$218K +8,656 +6%
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$3.67M +$344K +13,670 +10%
VWM
32
Venturi Wealth Management
Texas
$3.42M +$3.37M +133,994 New
AG
33
Advisor Group
Arizona
$3.29M +$942K +37,423 +41%
KWMG
34
King Wealth Management Group
Florida
$3.08M +$240K +9,510 +9%
GCA
35
Greenwood Capital Associates
South Carolina
$3.05M +$365K +14,493 +14%
AI
36
Atria Investments
North Carolina
$3.02M -$106K -4,216 -3%
PA
37
Pinnacle Associates
New York
$2.88M +$270K +10,730 +10%
CWM
38
Cabot Wealth Management
Massachusetts
$2.87M +$594K +23,589 +26%
IA
39
IFP Advisors
Florida
$2.66M -$360K -14,278 -12%
CSA
40
Cottage Street Advisors
Massachusetts
$2.53M +$2.5M +99,400 New
SCA
41
Snowden Capital Advisors
New York
$2.48M +$167K +6,639 +7%
Jane Street
42
Jane Street
New York
$2.32M +$600K +23,833 +35%
CG
43
Colony Group
Massachusetts
$2.29M +$177K +7,021 +8%
KA
44
Klingman & Associates
New York
$2.01M -$65.5K -2,601 -3%
ACM
45
Aviance Capital Management
Florida
$1.7M -$597K -23,687 -26%
HFS
46
HL Financial Services
Kentucky
$1.41M +$199K +7,914 +17%
VKH
47
Virtu KCG Holdings
New York
$1.33M +$1.31M +52,171 New
AIP
48
Ahrens Investment Partners
Louisiana
$1.32M -$237K -9,400 -15%
Ameriprise
49
Ameriprise
Minnesota
$1.3M +$134K +5,330 +12%
WKWM
50
Walter & Keenan Wealth Management
Indiana
$1.29M +$126K +5,000 +11%

VRP Hedge Fund Activity: Q1 2017 in Review

105 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2017, worth a combined $567M — up 30% from $437M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new VRP positions and 7 closed out — a net gain of 16 holders — while 55 added to existing stakes and 20 trimmed.

The largest buyer was Wells Fargo, adding an estimated $37.8M. The largest seller was Stifel Financial, cutting an estimated $4.87M.

  • 105 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2017, up from 90 in Q4 2016.
  • Funds reported $567M of Invesco Variable Rate Preferred ETF stock for Q1 2017, up 30% quarter-over-quarter.
  • 23 funds opened new Invesco Variable Rate Preferred ETF positions in Q1 2017 and 7 closed out, a net change of +16 holders.
  • The largest Invesco Variable Rate Preferred ETF buyer in Q1 2017 was Wells Fargo, an estimated $37.8M added.
  • The largest Invesco Variable Rate Preferred ETF seller in Q1 2017 was Stifel Financial, an estimated $4.87M sold.

Based on aggregated 13F filings for Q1 2017.