Invesco Variable Rate Preferred ETF
VRP
167 hedge funds and large institutions have $594M invested in Invesco Variable Rate Preferred ETF in 2019 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 58 increasing their positions, 60 reducing their positions, and 27 closing their positions.
1% more capital invested
Capital invested by funds: $588M → $594M (+$6.15M)
0.46% more ownership
Funds ownership: 39.03% → 39.48% (+0.46%)
3% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 60
4% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 27
1% less funds holding
Funds holding: 169 → 167 (-2)
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$11.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$7.1M |
| 3 |
TYCC
Texas Yale Capital Corp
St. Petersburg,
Florida
|
+$6.38M |
| 4 |
JP Morgan Chase
New York
|
+$5.16M |
| 5 |
TC
Trilogy Capital
Irvine,
California
|
+$3.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$18M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$11.5M |
| 3 |
Jane Street
New York
|
-$9.81M |
| 4 |
3AM
3D Asset Management
Hartford,
Connecticut
|
-$9.75M |
| 5 |
EWA
Evolution Wealth Advisors
Aventura,
Florida
|
-$4.43M |
VRP Hedge Fund Activity: Q1 2019 in Review
167 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2019, worth a combined $594M — up 1% from $588M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of VRP and 26 opened new positions — a net loss of 1 holder — while 60 trimmed existing stakes and 58 added.
The largest buyer was Goldman Sachs, adding an estimated $11.3M. The largest seller was Bank of America, cutting an estimated $18M.
- 167 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2019, down from 169 in Q4 2018.
- Funds reported $594M of Invesco Variable Rate Preferred ETF stock for Q1 2019, up 1% quarter-over-quarter.
- 26 funds opened new Invesco Variable Rate Preferred ETF positions in Q1 2019 and 27 closed out, a net change of -1 holder.
- The largest Invesco Variable Rate Preferred ETF buyer in Q1 2019 was Goldman Sachs, an estimated $11.3M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q1 2019 was Bank of America, an estimated $18M sold.
Based on aggregated 13F filings for Q1 2019.