Invesco Variable Rate Preferred ETF
VRP
165 hedge funds and large institutions have $629M invested in Invesco Variable Rate Preferred ETF in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 56 increasing their positions, 64 reducing their positions, and 31 closing their positions.
1.52% more ownership
Funds ownership: 45.08% → 46.61% (+1.5%)
8% less funds holding
Funds holding: 179 → 165 (-14)
13% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 64
20% less capital invested
Capital invested by funds: $784M → $629M (-$155M)
32% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 31
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$92.4M |
| 2 |
Jane Street
New York
|
+$28.5M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$11.5M |
| 4 |
FHA
First Horizon Advisors
Memphis,
Tennessee
|
+$10.8M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$2.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$102M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$14.9M |
| 3 |
Goldman Sachs
New York
|
-$9.73M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$7.1M |
| 5 |
SI
Stephens Inc
Little Rock,
Arkansas
|
-$6.84M |
VRP Hedge Fund Activity: Q1 2020 in Review
165 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2020, worth a combined $629M — down 20% from $784M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of VRP and 21 opened new positions — a net loss of 10 holders — while 64 trimmed existing stakes and 56 added.
The largest buyer was Charles Schwab, opening a new position worth an estimated $92.4M. The largest seller was Charles Schwab Investment Advisory, exiting entirely with an estimated $102M sold.
- 165 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2020, down from 179 in Q4 2019.
- Funds reported $629M of Invesco Variable Rate Preferred ETF stock for Q1 2020, down 20% quarter-over-quarter.
- 21 funds opened new Invesco Variable Rate Preferred ETF positions in Q1 2020 and 31 closed out, a net change of -10 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q1 2020 was Charles Schwab, an estimated $92.4M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q1 2020 was Charles Schwab Investment Advisory, an estimated $102M sold.
Based on aggregated 13F filings for Q1 2020.