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Invesco Variable Rate Preferred ETF

237 hedge funds and large institutions have $875M invested in Invesco Variable Rate Preferred ETF in 2024 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 79 increasing their positions, 91 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 24

3% more funds holding

Funds holding: 230237 (+7)

4% less capital invested

Capital invested by funds: $908M → $875M (-$32.7M)

6.46% less ownership

Funds ownership: 61.02%54.56% (-6.5%)

13% less repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 91

20% less funds holding in top 10

Funds holding in top 10: 54 (-1)

Holders
237
Holders Change
+7
Holders Change %
+3.04%
% of All Funds
3.41%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
32
Increased
79
Reduced
91
Closed
24
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RFN
126
Redwood Financial Network
Ohio
$670K +$80K +3,406 +14%
AAS
127
Avantax Advisory Services
Texas
$650K +$88.2K +3,757 +16%
RFA
128
Resurgent Financial Advisors
Georgia
$637K +$315K +13,415 +100%
KA
129
Klingman & Associates
New York
$613K -$18.4K -783 -3%
HWM
130
HB Wealth Management
Georgia
$595K -$77.5K -3,301 -12%
GIA
131
Gladstone Institutional Advisory
Florida
$541K +$148K +6,305 +38%
BRWA
132
B. Riley Wealth Advisors
Florida
$530K +$88.7K +3,778 +19%
PCM
133
Palouse Capital Management
Washington
$525K -$127K -5,417 -20%
PHWM
134
Pine Harbor Wealth Management
Maryland
$524K +$49.1K +2,090 +10%
MWA
135
MFA Wealth Advisors
Pennsylvania
$524K +$9.3K +396 +2%
EH
136
Equitable Holdings
New York
$514K +$113K +4,825 +29%
CFG
137
Cooper Financial Group
California
$511K -$32.2K -1,371 -6%
WP
138
WealthShield Partners
North Carolina
$505K -$7.04K -300 -1%
RBFC
139
Roman Butler Fullerton & Co
Missouri
$501K -$44.6K -1,901 -8%
SSA
140
Schonfeld Strategic Advisors
New York
$497K -$257K -10,930 -34%
Mercer Global Advisors
141
Mercer Global Advisors
Colorado
$490K -$242K -10,316 -33%
Bank of New York Mellon
142
Bank of New York Mellon
New York
$449K +$444K +18,894 New
PWMAG
143
Pinnacle Wealth Management Advisory Group
New Jersey
$446K -$18.2K -775 -4%
WS
144
Wedbush Securities
California
$441K -$97.3K -4,143 -18%
FSA
145
Fort Sheridan Advisors
Illinois
$421K
VWM
146
Valley Wealth Managers
New Jersey
$414K -$59.8K -2,545 -13%
ACA
147
Anchor Capital Advisors
Massachusetts
$413K
IA
148
IFP Advisors
Florida
$413K -$11.5K -488 -3%
Truist Financial
149
Truist Financial
North Carolina
$413K -$13.8K -589 -3%
RFWA
150
RPg Family Wealth Advisory
Massachusetts
$405K -$650K -27,661 -62%

VRP Hedge Fund Activity: Q1 2024 in Review

237 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2024, worth a combined $875M — down 3.6% from $908M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new VRP positions and 24 closed out — a net gain of 8 holders — while 79 added to existing stakes and 91 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $8.68M. The largest seller was Morgan Stanley, cutting an estimated $89M.

  • 237 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2024, up from 230 in Q4 2023.
  • Funds reported $875M of Invesco Variable Rate Preferred ETF stock for Q1 2024, down 3.6% quarter-over-quarter.
  • 32 funds opened new Invesco Variable Rate Preferred ETF positions in Q1 2024 and 24 closed out, a net change of +8 holders.
  • The largest Invesco Variable Rate Preferred ETF buyer in Q1 2024 was Royal Bank of Canada, an estimated $8.68M added.
  • The largest Invesco Variable Rate Preferred ETF seller in Q1 2024 was Morgan Stanley, an estimated $89M sold.

Based on aggregated 13F filings for Q1 2024.