Invesco Variable Rate Preferred ETF
VRP
90 hedge funds and large institutions have $437M invested in Invesco Variable Rate Preferred ETF in 2016 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 47 increasing their positions, 16 reducing their positions, and 15 closing their positions.
194% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 16
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
10% more capital invested
Capital invested by funds: $398M → $437M (+$38.5M)
0.02% less ownership
Funds ownership: 47.33% → 47.31% (-0.02%)
1% less funds holding
Funds holding: 91 → 90 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAI
Capital Advisors Inc
Tulsa,
Oklahoma
|
+$17.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$13.2M |
| 3 |
AA
Advisory Alpha
Holland,
Michigan
|
+$7.75M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$5.11M |
| 5 |
EMA
Efficient Market Advisors
San Diego,
California
|
+$4.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$28.2M |
| 2 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$1.79M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$1.15M |
| 4 |
Jane Street
New York
|
-$898K |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$885K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CWM
101
Concert Wealth Management
San Jose,
California
| – | -$223K | -8,701 | Closed |
|
|
AIM
102
Advantage Investment Management
Cedar Rapids,
Iowa
| – | -$16K | -618 | Closed |
|
|
TIM
103
Tortoise Investment Management
White Plains,
New York
| – | -$15K | -600 | Closed |
|
|
TRCT
104
Tower Research Capital (TRC)
New York
| – | -$2K | -72 | Closed |
|
105
SEI Investments
Oaks,
Pennsylvania
| – | -$2K | -69 | Closed |
|
VRP Hedge Fund Activity: Q4 2016 in Review
90 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q4 2016, worth a combined $437M — up 9.7% from $398M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new VRP positions and 15 closed out — a net gain of 3 holders — while 47 added to existing stakes and 16 trimmed.
The largest buyer was Capital Advisors Inc, opening a new position worth an estimated $17.2M. The largest seller was Horizon Investments, exiting entirely with an estimated $28.2M sold.
- 90 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q4 2016, down from 91 in Q3 2016.
- Funds reported $437M of Invesco Variable Rate Preferred ETF stock for Q4 2016, up 9.7% quarter-over-quarter.
- 18 funds opened new Invesco Variable Rate Preferred ETF positions in Q4 2016 and 15 closed out, a net change of +3 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q4 2016 was Capital Advisors Inc, an estimated $17.2M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q4 2016 was Horizon Investments, an estimated $28.2M sold.
Based on aggregated 13F filings for Q4 2016.