Invesco Variable Rate Preferred ETF
VRP
49 hedge funds and large institutions have $138M invested in Invesco Variable Rate Preferred ETF in 2015 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 24 increasing their positions, 7 reducing their positions, and 4 closing their positions.
250% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 4
243% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 7
36% more capital invested
Capital invested by funds: $101M → $138M (+$36.6M)
23% more funds holding
Funds holding: 40 → 49 (+9)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.95% less ownership
Funds ownership: 41.06% → 39.11% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$8.89M |
| 2 |
SC
SouthState Corp
Winter Haven,
Florida
|
+$6.22M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$5.29M |
| 4 |
SCA
Strategic Capital Alternatives
Gig Harbor,
United States
|
+$4.37M |
| 5 |
ACM
Argentus Capital Management
Dallas,
Texas
|
+$4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$3.45M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$1.08M |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$142K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$130K |
| 5 |
GCA
Greenwood Capital Associates
Greenwood,
South Carolina
|
-$82.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GI
51
Gradient Investments
Arden Hills,
Minnesota
| – | -$2K | -61 | Closed |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1K | -32 | Closed |
|
VRP Hedge Fund Activity: Q3 2015 in Review
49 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q3 2015, worth a combined $138M — up 36% from $101M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new VRP positions and 4 closed out — a net gain of 10 holders — while 24 added to existing stakes and 7 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $8.89M. The largest seller was Evergreen Capital Management, exiting entirely with an estimated $3.45M sold.
- 49 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q3 2015, up from 40 in Q2 2015.
- Funds reported $138M of Invesco Variable Rate Preferred ETF stock for Q3 2015, up 36% quarter-over-quarter.
- 14 funds opened new Invesco Variable Rate Preferred ETF positions in Q3 2015 and 4 closed out, a net change of +10 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q3 2015 was Morgan Stanley, an estimated $8.89M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q3 2015 was Evergreen Capital Management, an estimated $3.45M sold.
Based on aggregated 13F filings for Q3 2015.