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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
HBW
151
Hazlett, Burt & Watson
West Virginia
$319K -$120K -5,415 -27%
UCFA
152
United Capital Financial Advisors
Texas
$316K -$130K -5,898 -29%
CG
153
Colony Group
Massachusetts
$311K -$22.5K -1,017 -7%
FSA
154
Fort Sheridan Advisors
Illinois
$305K -$382K -17,300 -56%
KFP
155
KMG Fiduciary Partners
Ohio
$295K -$212K -9,619 -42%
TYCC
156
Texas Yale Capital Corp
Florida
$290K -$168K -7,592 -37%
MFG
157
Magnus Financial Group
New York
$290K -$3.56K -161 -1%
PCA
158
Prosperity Capital Advisors
Ohio
$287K +$30.8K +1,395 +12%
N
159
Natixis
France
$287K +$4.39K +199 +2%
Neuberger Berman Group
160
Neuberger Berman Group
New York
$275K -$95K -4,300 -26%
RA
161
RFG Advisory
Alabama
$264K -$3.69K -167 -1%
PFPT
162
Pinnacle Financial Partners (Tennessee)
Tennessee
$262K -$2.98M -134,869 -92%
ONST
163
Old North State Trust
North Carolina
$262K -$2.05K -93 -0.8%
SAM
164
SignalPoint Asset Management
Missouri
$260K
PAMG
165
Patton Albertson Miller Group
Tennessee
$259K
IAS
166
Insigneo Advisory Services
Florida
$256K
CB
167
Commerce Bank
Missouri
$253K -$12.1K -550 -5%
AWM
168
AE Wealth Management
Kansas
$252K -$54.2K -2,455 -18%
CCM
169
Chilton Capital Management
Texas
$243K +$1.77K +80 +0.7%
HNWAG
170
High Net Worth Advisory Group
Florida
$240K +$239K +10,800 New
William Blair & Company
171
William Blair & Company
Illinois
$238K -$13.6K -617 -5%
KA
172
Kovack Advisors
Florida
$223K -$48.6K -2,200 -18%
First Manhattan
173
First Manhattan
New York
$223K
Creative Planning
174
Creative Planning
Kansas
$214K +$212K +9,604 New
IAG
175
Investment Advisory Group
Massachusetts
$213K +$211K +9,557 New

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.