Invesco Variable Rate Preferred ETF
164 hedge funds and large institutions have $1.05B invested in Invesco Variable Rate Preferred ETF in 2018 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 72 increasing their positions, 48 reducing their positions, and 15 closing their positions.
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
50% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 48
47% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 15
16% more capital invested
Capital invested by funds: $906M → $1.05B (+$146M)
4% more funds holding
Funds holding: 158 → 164 (+6)
3.58% more ownership
Funds ownership: 46.84% → 50.42% (+3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
+$116M |
| 2 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$16.9M |
| 3 |
CM
Columbus Macro
New Castle,
Pennsylvania
|
+$15.6M |
| 4 |
WI
WBI Investments
Red Bank,
New Jersey
|
+$15.2M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$6.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAI
Capital Advisors Inc
Tulsa,
Oklahoma
|
-$12.5M |
| 2 |
NA
Nottingham Advisors
Amherst,
New York
|
-$5.96M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$5.74M |
| 4 |
ACM
AlphaStar Capital Management
Cornelius,
North Carolina
|
-$3.18M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.09M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
176
Calton & Associates
Tampa,
Florida
| – | -$130K | -5,100 | Closed |
|
177
First Manhattan
New York
| – | -$44K | -1,716 | Closed |
|
|
MBT
178
Monroe Bank & Trust
Monroe,
Michigan
| – | -$31K | -1,200 | Closed |
|
|
SPIA
179
Steward Partners Investment Advisory
New York
| – | -$12K | -472 | Closed |
|
|
PWM
180
Paulson Wealth Management
Wheaton,
Illinois
| – | -$4K | -175 | Closed |
|
VRP Hedge Fund Activity: Q1 2018 in Review
164 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2018, worth a combined $1.05B — up 16% from $906M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new VRP positions and 15 closed out — a net gain of 7 holders — while 72 added to existing stakes and 48 trimmed.
The largest buyer was Windhaven Investment Management, adding an estimated $116M. The largest seller was Capital Advisors Inc, exiting entirely with an estimated $12.5M sold.
- 164 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2018, up from 158 in Q4 2017.
- Funds reported $1.05B of Invesco Variable Rate Preferred ETF stock for Q1 2018, up 16% quarter-over-quarter.
- 22 funds opened new Invesco Variable Rate Preferred ETF positions in Q1 2018 and 15 closed out, a net change of +7 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q1 2018 was Windhaven Investment Management, an estimated $116M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q1 2018 was Capital Advisors Inc, an estimated $12.5M sold.
Based on aggregated 13F filings for Q1 2018.