Invesco Variable Rate Preferred ETF
VRP
230 hedge funds and large institutions have $908M invested in Invesco Variable Rate Preferred ETF in 2023 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 68 increasing their positions, 107 reducing their positions, and 20 closing their positions.
45% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 20
18% more capital invested
Capital invested by funds: $767M → $908M (+$141M)
8.48% more ownership
Funds ownership: 52.54% → 61.02% (+8.5%)
3% more funds holding
Funds holding: 223 → 230 (+7)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
36% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 107
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$98.1M |
| 2 |
Renaissance Technologies
New York
|
+$6.25M |
| 3 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
+$5.88M |
| 4 |
GL
Graypoint LLC
Albany,
New York
|
+$5.21M |
| 5 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$4.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$8.19M |
| 2 |
Jane Street
New York
|
-$7.22M |
| 3 |
MWM
Marion Wealth Management
Monroeville,
Pennsylvania
|
-$4.77M |
| 4 |
Bank of New York Mellon
New York
|
-$3.53M |
| 5 |
RFWA
RPg Family Wealth Advisory
Burlington,
Massachusetts
|
-$3.37M |
VRP Hedge Fund Activity: Q4 2023 in Review
230 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q4 2023, worth a combined $908M — up 18% from $767M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new VRP positions and 20 closed out — a net gain of 9 holders — while 68 added to existing stakes and 107 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $98.1M. The largest seller was UBS Group, cutting an estimated $8.19M.
- 230 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q4 2023, up from 223 in Q3 2023.
- Funds reported $908M of Invesco Variable Rate Preferred ETF stock for Q4 2023, up 18% quarter-over-quarter.
- 29 funds opened new Invesco Variable Rate Preferred ETF positions in Q4 2023 and 20 closed out, a net change of +9 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q4 2023 was Morgan Stanley, an estimated $98.1M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q4 2023 was UBS Group, an estimated $8.19M sold.
Based on aggregated 13F filings for Q4 2023.