Invesco Variable Rate Preferred ETF
VRP
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.
18% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 22
1% more funds holding
Funds holding: 218 → 220 (+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: 8 → 6 (-2)
38% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 99
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$37.3M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$9.46M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$7.63M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$5.41M |
| 5 |
LPL Financial
San Diego,
California
|
+$2.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$47.9M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$33.7M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$8.97M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$8.64M |
| 5 |
WCA
Westover Capital Advisors
Wilmington,
Delaware
|
-$8.04M |
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.