Invesco Variable Rate Preferred ETF

VRP

Market cap $3B

VRP Hedge Fund Activity: Q2 2016 in Review

79 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q2 2016, worth a combined $300M — up 22% from $246M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new VRP positions and 5 closed out — a net gain of 12 holders — while 43 added to existing stakes and 11 trimmed.

The largest buyer was Bank of America, adding an estimated $10.9M. The largest seller was Verity Asset Management, cutting an estimated $3.43M.

• 79 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q2 2016, up from 70 in Q1 2016.
• Funds reported $300M of Invesco Variable Rate Preferred ETF stock for Q2 2016, up 22% quarter-over-quarter.
• 17 funds opened new Invesco Variable Rate Preferred ETF positions in Q2 2016 and 5 closed out, a net change of +12 holders.
• The largest Invesco Variable Rate Preferred ETF buyer in Q2 2016 was Bank of America, an estimated $10.9M added.
• The largest Invesco Variable Rate Preferred ETF seller in Q2 2016 was Verity Asset Management, an estimated $3.43M sold.

Based on aggregated 13F filings for Q2 2016.