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Invesco Variable Rate Preferred ETF

105 hedge funds and large institutions have $567M invested in Invesco Variable Rate Preferred ETF in 2017 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 55 increasing their positions, 20 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

229% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 7

175% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 20

67% more funds holding in top 10

Funds holding in top 10: 35 (+2)

30% more capital invested

Capital invested by funds: $437M → $567M (+$130M)

17% more funds holding

Funds holding: 90105 (+15)

1.05% less ownership

Funds ownership: 47.31%46.26% (-1%)

Holders
105
Holders Change
+15
Holders Change %
+16.67%
% of All Funds
2.61%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.12%
New
23
Increased
55
Reduced
20
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AWM
76
AE Wealth Management
Kansas
$475K +$470K +18,667 New
PCM
77
Palouse Capital Management
Washington
$471K +$466K +18,512 New
WA
78
Winfield Associates
Ohio
$468K +$275K +10,900 +146%
DAS
79
Dynamic Advisor Solutions
Arizona
$442K -$4.46K -177 -1%
ACA
80
Anchor Capital Advisors
Massachusetts
$442K +$438K +17,380 New
ASN
81
Advisory Services Network
Georgia
$381K +$377K +14,956 New
CAL
82
Capital Advisors Ltd
Ohio
$373K
MWM
83
Mission Wealth Management
California
$373K +$369K +14,670 New
CFA
84
Carroll Financial Associates
North Carolina
$337K +$184K +7,312 +123%
CA
85
Cetera Advisors
Colorado
$321K +$319K +12,674 New
KSA
86
Ken Stern & Associates
California
$289K +$283K +11,238 New
Lido Advisors
87
Lido Advisors
California
$272K +$265K +10,508 New
Fifth Third Bancorp
88
Fifth Third Bancorp
Ohio
$267K +$264K +10,500 New
CIAS
89
Capital Investment Advisory Services
North Carolina
$216K +$214K +8,500 New
AWM
90
AllSquare Wealth Management
New York
$204K +$25.2K +1,000 +14%
MA
91
MCF Advisors
Kentucky
$200K +$198K +7,847 New
CPIG
92
Chicago Partners Investment Group
Illinois
$186K +$1.71K +68 +0.9%
WTB
93
Washington Trust Bank
Washington
$180K +$178K +7,062 New
Creative Planning
94
Creative Planning
Kansas
$156K +$148K +5,857 +2,048%
IWM
95
IHT Wealth Management
Illinois
$114K +$10.3K +408 +10%
PMFA
96
Plante Moran Financial Advisors
Michigan
$86K +$12.6K +499 +17%
NFG
97
Next Financial Group
Texas
$79K -$31.9K -1,267 -29%
WEC
98
Winslow Evans & Crocker
Massachusetts
$57.3K +$7.55K +300 +15%
PCP
99
Proficio Capital Partners
Massachusetts
$52K
First Manhattan
100
First Manhattan
New York
$43K

VRP Hedge Fund Activity: Q1 2017 in Review

105 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2017, worth a combined $567M — up 30% from $437M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new VRP positions and 7 closed out — a net gain of 16 holders — while 55 added to existing stakes and 20 trimmed.

The largest buyer was Wells Fargo, adding an estimated $37.8M. The largest seller was Stifel Financial, cutting an estimated $4.87M.

  • 105 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2017, up from 90 in Q4 2016.
  • Funds reported $567M of Invesco Variable Rate Preferred ETF stock for Q1 2017, up 30% quarter-over-quarter.
  • 23 funds opened new Invesco Variable Rate Preferred ETF positions in Q1 2017 and 7 closed out, a net change of +16 holders.
  • The largest Invesco Variable Rate Preferred ETF buyer in Q1 2017 was Wells Fargo, an estimated $37.8M added.
  • The largest Invesco Variable Rate Preferred ETF seller in Q1 2017 was Stifel Financial, an estimated $4.87M sold.

Based on aggregated 13F filings for Q1 2017.