Invesco Variable Rate Preferred ETF
VRP
79 hedge funds and large institutions have $300M invested in Invesco Variable Rate Preferred ETF in 2016 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 43 increasing their positions, 11 reducing their positions, and 5 closing their positions.
291% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 11
240% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 5
22% more capital invested
Capital invested by funds: $246M → $300M (+$53.4M)
13% more funds holding
Funds holding: 70 → 79 (+9)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.4% less ownership
Funds ownership: 44.27% → 43.87% (-0.4%)
Top Buyers
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$10.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$7.07M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$6.07M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.74M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$4.59M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EDRS
76
Edmond de Rothschild (Suisse)
Geneva,
Switzerland
| $9K | +$9.13K | +375 | New |
|
77
AssetMark Inc
Concord,
California
| $6K | +$5.87K | +241 | New |
|
|
KF
78
Krilogy Financial
St. Louis,
Missouri
| $4K | – | – | – |
|
|
AIG
79
American International Group
New York
| – | -$1.36M | -56,835 | Closed |
|
|
FHA
80
First Horizon Advisors
Memphis,
Tennessee
| – | -$446K | -18,423 | Closed |
|
|
YMRC
81
Yorktown Management & Research Company
Forest,
Virginia
| – | -$348K | -14,500 | Closed |
|
82
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$341K | -14,240 | Closed |
|
83
SEI Investments
Oaks,
Pennsylvania
| – | -$12K | -500 | Closed |
|
|
RCG
84
Ruggie Capital Group
Tavares,
Florida
| – | +$414 | +17 | New |
|
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.