Invesco Variable Rate Preferred ETF
206 hedge funds and large institutions have $875M invested in Invesco Variable Rate Preferred ETF in 2021 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 110 increasing their positions, 39 reducing their positions, and 10 closing their positions.
190% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 10
182% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 39
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
17% more capital invested
Capital invested by funds: $748M → $875M (+$126M)
10% more funds holding
Funds holding: 188 → 206 (+18)
0.49% more ownership
Funds ownership: 48.7% → 49.19% (+0.49%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$24.9M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$15.3M |
| 3 |
Morgan Stanley
New York
|
+$9.14M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$8.09M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$7.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$13.5M |
| 2 |
Jane Street
New York
|
-$4.38M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$4.22M |
| 4 |
Barclays
London,
United Kingdom
|
-$2.32M |
| 5 |
CWM
Cabot Wealth Management
Salem,
Massachusetts
|
-$2.14M |
VRP Hedge Fund Activity: Q2 2021 in Review
206 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q2 2021, worth a combined $875M — up 17% from $748M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new VRP positions and 10 closed out — a net gain of 19 holders — while 110 added to existing stakes and 39 trimmed.
The largest buyer was Bank of America, adding an estimated $24.9M. The largest seller was Goldman Sachs, cutting an estimated $13.5M.
- 206 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q2 2021, up from 188 in Q1 2021.
- Funds reported $875M of Invesco Variable Rate Preferred ETF stock for Q2 2021, up 17% quarter-over-quarter.
- 29 funds opened new Invesco Variable Rate Preferred ETF positions in Q2 2021 and 10 closed out, a net change of +19 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q2 2021 was Bank of America, an estimated $24.9M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q2 2021 was Goldman Sachs, an estimated $13.5M sold.
Based on aggregated 13F filings for Q2 2021.