Invesco Variable Rate Preferred ETF
VRP
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.
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: 3 → 5 (+2)
30% more capital invested
Capital invested by funds: $437M → $567M (+$130M)
17% more funds holding
Funds holding: 90 → 105 (+15)
1.05% less ownership
Funds ownership: 47.31% → 46.26% (-1%)
Top Buyers
| 1 |
Wells Fargo
San Francisco,
California
|
+$37.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$17M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$9.32M |
| 4 |
Morgan Stanley
New York
|
+$7.48M |
| 5 |
SG Americas Securities
New York
|
+$6.23M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HNB
101
Huntington National Bank
Columbus,
Ohio
| $41K | – | – | – |
|
102
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $34K | +$18.1K | +718 | +113% |
|
|
AF
103
Allworth Financial
Folsom,
California
| $18K | – | – | – |
|
|
SPIA
104
Steward Partners Investment Advisory
New York
| $12K | +$11.9K | +472 | New |
|
|
EDRH
105
Edmond de Rothschild Holding
Chambesy,
Switzerland
| $10K | -$44.1K | -1,750 | -82% |
|
|
LYV
106
Live Your Vision
West Conshohocken,
Pennsylvania
| $8K | +$7.73K | +307 | New |
|
|
FHA
107
First Horizon Advisors
Memphis,
Tennessee
| – | -$524K | -20,640 | Closed |
|
|
GHAM
108
Gilman Hill Asset Management
New Canaan,
Connecticut
| – | -$494K | -20,075 | Closed |
|
109
Northern Trust
Chicago,
Illinois
| – | -$455K | -18,500 | Closed |
|
|
RWA
110
RGT Wealth Advisors
Dallas,
Texas
| – | -$215K | -8,735 | Closed |
|
|
SAS
111
Stelac Advisory Services
New York
| – | -$105K | -4,278 | Closed |
|
|
IWA
112
IBEX Wealth Advisors
Bedminster,
New Jersey
| – | -$94K | -3,800 | Closed |
|
|
SIG
113
Stanford Investment Group
Mountain View,
California
| – | -$37K | -1,511 | Closed |
|
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.