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Invesco Variable Rate Preferred ETF

220 hedge funds and large institutions have $810M invested in Invesco Variable Rate Preferred ETF in 2023 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 61 increasing their positions, 99 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 22

1% more funds holding

Funds holding: 218220 (+2)

0.45% less ownership

Funds ownership: 54.44%53.99% (-0.45%)

7% less capital invested

Capital invested by funds: $866M → $810M (-$56.4M)

25% less funds holding in top 10

Funds holding in top 10: 86 (-2)

38% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 99

Holders
220
Holders Change
+2
Holders Change %
+0.92%
% of All Funds
3.45%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.09%
New
26
Increased
61
Reduced
99
Closed
22
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
EC
76
Estate Counselors
Wisconsin
$1.39M +$801K +36,250 +138%
ACM
77
AlphaStar Capital Management
North Carolina
$1.35M +$1.34M +60,609 New
PAG
78
Private Advisor Group
New Jersey
$1.34M -$350K -15,867 -21%
FCA
79
FinTrust Capital Advisors
South Carolina
$1.26M
BLC
80
Brown, Lisle/Cummings
Rhode Island
$1.25M -$36.7K -1,661 -3%
FHA
81
First Horizon Advisors
Tennessee
$1.24M -$438K -19,845 -26%
Corient Private Wealth
82
Corient Private Wealth
Florida
$1.23M -$88.8K -4,019 -7%
CB
83
Community Bank
New York
$1.22M
DI
84
Diligent Investors
California
$1.21M +$6.82K +309 +0.6%
SFG
85
Summit Financial Group
West Virginia
$1.19M -$289K -13,100 -20%
SPIA
86
Steward Partners Investment Advisory
New York
$1.12M -$219K -9,937 -17%
Bank of Montreal
87
Bank of Montreal
Ontario, Canada
$1.1M +$1.06M +47,970 +3,198%
AC
88
AlphaCore Capital
California
$1.01M +$1M +45,500 New
SAS
89
Stelac Advisory Services
New York
$1.01M -$998K -45,191 -50%
ASN
90
Advisory Services Network
Georgia
$1.01M +$88.8K +4,019 +10%
FIC
91
Family Investment Center
Missouri
$1M -$2.27K -103 -0.2%
ONB
92
Old National Bancorp
Indiana
$993K -$266K -12,040 -21%
KWMG
93
King Wealth Management Group
Florida
$982K +$21K +953 +2%
CHAM
94
Clear Harbor Asset Management
Connecticut
$972K -$8.83K -400 -0.9%
WWM
95
Western Wealth Management
Colorado
$945K +$32.2K +1,457 +4%
EH
96
Equitable Holdings
New York
$943K -$654K -29,616 -41%
VWM
97
Valley Wealth Managers
New Jersey
$939K -$52.8K -2,389 -5%
DCM
98
Delta Capital Management
New Jersey
$934K +$55.2K +2,500 +6%
CIAS
99
Capital Investment Advisory Services
North Carolina
$917K +$42.5K +1,924 +5%
CAN
100
Cetera Advisor Networks
California
$900K -$15.7K -712 -2%

VRP Hedge Fund Activity: Q2 2023 in Review

220 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q2 2023, worth a combined $810M — down 6.5% from $866M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new VRP positions and 22 closed out — a net gain of 4 holders — while 61 added to existing stakes and 99 trimmed.

The largest buyer was Jane Street, adding an estimated $37.3M. The largest seller was JP Morgan Chase, cutting an estimated $47.9M.

  • 220 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q2 2023, up from 218 in Q1 2023.
  • Funds reported $810M of Invesco Variable Rate Preferred ETF stock for Q2 2023, down 6.5% quarter-over-quarter.
  • 26 funds opened new Invesco Variable Rate Preferred ETF positions in Q2 2023 and 22 closed out, a net change of +4 holders.
  • The largest Invesco Variable Rate Preferred ETF buyer in Q2 2023 was Jane Street, an estimated $37.3M added.
  • The largest Invesco Variable Rate Preferred ETF seller in Q2 2023 was JP Morgan Chase, an estimated $47.9M sold.

Based on aggregated 13F filings for Q2 2023.