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Invesco Variable Rate Preferred ETF

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.

New
Increased
Maintained
Reduced
Closed

18% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 22

1% more funds holding

Funds holding: 218220 (+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: 86 (-2)

38% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 99

Holders
220
Holders Change
+2
Holders Change %
+0.92%
% of All Funds
3.45%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.09%
New
26
Increased
61
Reduced
99
Closed
22
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
WS
126
Wedbush Securities
California
$535K -$12.9K -585 -2%
BRWA
127
B. Riley Wealth Advisors
Florida
$533K -$124K -5,614 -19%
GFG
128
Goldstone Financial Group
Illinois
$531K +$527K +23,851 New
GIA
129
Gladstone Institutional Advisory
Florida
$516K +$512K +23,202 New
PWMAG
130
Pinnacle Wealth Management Advisory Group
New Jersey
$515K -$9.28K -420 -2%
DP
131
Dearborn Partners
Illinois
$513K -$53.5K -2,424 -10%
WP
132
WealthShield Partners
North Carolina
$496K -$32.6K -1,478 -6%
CFG
133
Cooper Financial Group
California
$495K -$566K -25,611 -53%
MWA
134
MFA Wealth Advisors
Pennsylvania
$491K +$16.7K +755 +4%
CT
135
Coastline Trust
Rhode Island
$489K -$36.2K -1,640 -7%
IA
136
IFP Advisors
Florida
$477K +$113K +5,104 +31%
AWS
137
Atria Wealth Solutions
New York
$476K +$206K +9,309 +77%
SSA
138
Schonfeld Strategic Advisors
New York
$417K +$414K +18,734 New
GL
139
Graypoint LLC
New York
$399K +$3.25K +147 +0.8%
OIA
140
OneDigital Investment Advisors
Kansas
$399K -$146K -6,593 -27%
FFA
141
Farther Finance Advisors
California
$391K -$30.5K -1,380 -7%
ACA
142
Anchor Capital Advisors
Massachusetts
$387K
Franklin Resources
143
Franklin Resources
California
$380K
GWM
144
Geneos Wealth Management
Colorado
$348K -$22.4K -1,014 -6%
AWM
145
AllSquare Wealth Management
New York
$346K
LFASL
146
Lugano Financial Advisors SA (LFA)
Switzerland
$344K
Truist Financial
147
Truist Financial
North Carolina
$340K +$46.6K +2,109 +16%
RFA
148
Resurgent Financial Advisors
Georgia
$334K -$51.9K -2,350 -14%
TPW
149
Transatlantique Private Wealth
New York
$330K +$101K +4,571 +45%
EWM
150
Endowment Wealth Management
Wisconsin
$321K +$9.74K +441 +3%

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.