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Invesco Variable Rate Preferred ETF

159 hedge funds and large institutions have $590M invested in Invesco Variable Rate Preferred ETF in 2019 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 61 increasing their positions, 58 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

5% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 58

0.25% less ownership

Funds ownership: 39.48%39.24% (-0.25%)

1% less capital invested

Capital invested by funds: $594M → $590M (-$4.52M)

5% less funds holding

Funds holding: 167159 (-8)

10% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 20

Holders
159
Holders Change
-8
Holders Change %
-4.79%
% of All Funds
3.45%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
18
Increased
61
Reduced
58
Closed
20
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BTS
51
BB&T Securities
Virginia
$1.4M +$273K +11,014 +24%
RFWA
52
RPg Family Wealth Advisory
Massachusetts
$1.39M -$30K -1,209 -2%
AF
53
Advisornet Financial
Minnesota
$1.36M +$14.2K +575 +1%
KWMG
54
King Wealth Management Group
Florida
$1.35M -$47.7K -1,925 -3%
PAG
55
Private Advisor Group
New Jersey
$1.22M +$136K +5,507 +13%
HC
56
HNP Capital
New York
$1.2M +$4.53K +183 +0.4%
VRM
57
Vectors Research Management
New York
$1.2M +$4.34K +175 +0.4%
RBFC
58
Roman Butler Fullerton & Co
Missouri
$1.19M +$7.33K +296 +0.6%
Jane Street
59
Jane Street
New York
$1.16M -$20.7M -836,420 -95%
WTC
60
WhitTier Trust Company
Nevada
$1.14M +$278K +11,229 +33%
HighTower Advisors
61
HighTower Advisors
Illinois
$1.13M +$39.6K +1,598 +4%
WS
62
Wedbush Securities
California
$1.13M -$493K -19,912 -31%
PWMAG
63
Pinnacle Wealth Management Advisory Group
New Jersey
$1.11M +$57K +2,300 +5%
AAS
64
Avantax Advisory Services
Texas
$1.09M +$181K +7,303 +20%
Janney Montgomery Scott
65
Janney Montgomery Scott
Pennsylvania
$1.08M -$8.92K -360 -0.8%
OC
66
Oppenheimer & Co
New York
$1.07M +$72.2K +2,912 +7%
NPP
67
New Potomac Partners
Maryland
$1M -$14.2K -575 -1%
BUB
68
BBVA USA Bancshares
Texas
$954K
NAM
69
NTV Asset Management
West Virginia
$945K +$19.8K +800 +2%
Koshinski Asset Management
70
Koshinski Asset Management
Illinois
$940K -$150K -6,060 -14%
CG
71
Colony Group
Massachusetts
$894K -$73.3K -2,960 -8%
AG
72
Advisor Group
Arizona
$866K -$147K -5,952 -15%
Envestnet Asset Management
73
Envestnet Asset Management
Illinois
$834K +$214K +8,639 +35%
PCM
74
Palouse Capital Management
Washington
$825K +$44K +1,776 +6%
SBWM
75
Sunflower Bank Wealth Management
Arizona
$822K -$82.1K -3,315 -9%

VRP Hedge Fund Activity: Q2 2019 in Review

159 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q2 2019, worth a combined $590M — down 0.76% from $594M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of VRP and 18 opened new positions — a net loss of 2 holders — while 58 trimmed existing stakes and 61 added.

The largest buyer was MD Financial Management, opening a new position worth an estimated $17.8M. The largest seller was Jane Street, cutting an estimated $20.7M.

  • 159 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q2 2019, down from 167 in Q1 2019.
  • Funds reported $590M of Invesco Variable Rate Preferred ETF stock for Q2 2019, down 0.76% quarter-over-quarter.
  • 18 funds opened new Invesco Variable Rate Preferred ETF positions in Q2 2019 and 20 closed out, a net change of -2 holders.
  • The largest Invesco Variable Rate Preferred ETF buyer in Q2 2019 was MD Financial Management, an estimated $17.8M added.
  • The largest Invesco Variable Rate Preferred ETF seller in Q2 2019 was Jane Street, an estimated $20.7M sold.

Based on aggregated 13F filings for Q2 2019.