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Invesco Variable Rate Preferred ETF

237 hedge funds and large institutions have $875M invested in Invesco Variable Rate Preferred ETF in 2024 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 79 increasing their positions, 91 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 24

3% more funds holding

Funds holding: 230237 (+7)

4% less capital invested

Capital invested by funds: $908M → $875M (-$32.7M)

6.46% less ownership

Funds ownership: 61.02%54.56% (-6.5%)

13% less repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 91

20% less funds holding in top 10

Funds holding in top 10: 54 (-1)

Holders
237
Holders Change
+7
Holders Change %
+3.04%
% of All Funds
3.41%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
32
Increased
79
Reduced
91
Closed
24
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
OIM
51
Oder Investment Management
California
$2.25M -$48.7K -2,072 -2%
WTC
52
WhitTier Trust Company
Nevada
$2.21M -$86.5K -3,684 -4%
GL
53
Graypoint LLC
New York
$2.2M -$3.68M -156,602 -63%
TWM
54
Tradition Wealth Management
Minnesota
$2.13M +$74.2K +3,161 +4%
BCI
55
Brinker Capital Investments
Pennsylvania
$2.11M -$62.2K -2,648 -3%
OPS
56
Orion Portfolio Solutions
Nebraska
$2.11M -$62.2K -2,648 -3%
PS
57
Principal Securities
Iowa
$2.1M +$56.4K +2,403 +3%
JHCP
58
Jackson Hole Capital Partners
Oklahoma
$2.07M +$40.8K +1,739 +2%
Cetera Investment Advisers
59
Cetera Investment Advisers
Illinois
$2.07M +$1.51M +64,101 +279%
NAM
60
NTV Asset Management
West Virginia
$2.06M +$206K +8,780 +11%
DP
61
Dearborn Partners
Illinois
$2.06M +$1.33M +56,574 +188%
RCA
62
Ranch Capital Advisors
Florida
$2.03M -$35.5K -1,511 -2%
EWM
63
Elmwood Wealth Management
California
$2.02M +$1.99M +84,894 New
Balyasny Asset Management
64
Balyasny Asset Management
Illinois
$1.93M +$1.91M +81,223 New
WA
65
Waverly Advisors
Alabama
$1.91M +$33.1K +1,410 +2%
NWM
66
Northwest Wealth Management
Iowa
$1.89M -$203K -8,645 -10%
TI
67
Tidal Investments
Wisconsin
$1.78M +$144K +6,142 +9%
JIR
68
James Investment Research
Ohio
$1.75M -$52.6K -2,241 -3%
SAMC
69
Spectrum Asset Management (Connecticut)
Connecticut
$1.73M -$6.8M -289,740 -80%
TCA
70
Transcend Capital Advisors
New Jersey
$1.66M +$61.3K +2,610 +4%
PAS
71
Park Avenue Securities
New York
$1.6M +$492K +20,944 +45%
Northwestern Mutual Wealth Management
72
Northwestern Mutual Wealth Management
Wisconsin
$1.49M -$785K -33,412 -35%
RJFSA
73
Raymond James Financial Services Advisors
Florida
$1.47M +$131K +5,567 +10%
Envestnet Portfolio Solutions
74
Envestnet Portfolio Solutions
Illinois
$1.42M +$711K +30,283 +103%
BEI
75
Benjamin Edwards Inc
Missouri
$1.41M +$534K +22,745 +62%

VRP Hedge Fund Activity: Q1 2024 in Review

237 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2024, worth a combined $875M — down 3.6% from $908M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new VRP positions and 24 closed out — a net gain of 8 holders — while 79 added to existing stakes and 91 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $8.68M. The largest seller was Morgan Stanley, cutting an estimated $89M.

  • 237 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2024, up from 230 in Q4 2023.
  • Funds reported $875M of Invesco Variable Rate Preferred ETF stock for Q1 2024, down 3.6% quarter-over-quarter.
  • 32 funds opened new Invesco Variable Rate Preferred ETF positions in Q1 2024 and 24 closed out, a net change of +8 holders.
  • The largest Invesco Variable Rate Preferred ETF buyer in Q1 2024 was Royal Bank of Canada, an estimated $8.68M added.
  • The largest Invesco Variable Rate Preferred ETF seller in Q1 2024 was Morgan Stanley, an estimated $89M sold.

Based on aggregated 13F filings for Q1 2024.