Invesco Variable Rate Preferred ETF
VRP
159 hedge funds and large institutions have $590M invested in Invesco Variable Rate Preferred ETF in 2019 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 61 increasing their positions, 58 reducing their positions, and 20 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
5% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 58
0.25% less ownership
Funds ownership: 39.48% → 39.24% (-0.25%)
1% less capital invested
Capital invested by funds: $594M → $590M (-$4.52M)
5% less funds holding
Funds holding: 167 → 159 (-8)
10% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 20
Top Buyers
| 1 |
MFM
MD Financial Management
Ottawa,
Ontario, Canada
|
+$17.8M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$10.9M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$9.58M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$5.77M |
| 5 |
MFS
Madrona Financial Services
Everett,
Washington
|
+$3.85M |
Top Sellers
| 1 |
Jane Street
New York
|
-$20.7M |
| 2 |
Morgan Stanley
New York
|
-$7.74M |
| 3 |
TYCC
Texas Yale Capital Corp
St. Petersburg,
Florida
|
-$6.27M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.48M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$4.34M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFM
176
Royal Fund Management
Lady Lake,
Florida
| – | -$1K | -59 | Closed |
|
|
VCM
177
Vigilant Capital Management
Portland,
Maine
| – | -$1K | -35 | Closed |
|
178
Fidelity Investments
Boston,
Massachusetts
| – | +$25 | +1 | New |
|
VRP Hedge Fund Activity: Q2 2019 in Review
159 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q2 2019, worth a combined $590M — down 0.76% from $594M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of VRP and 18 opened new positions — a net loss of 2 holders — while 58 trimmed existing stakes and 61 added.
The largest buyer was MD Financial Management, opening a new position worth an estimated $17.8M. The largest seller was Jane Street, cutting an estimated $20.7M.
- 159 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q2 2019, down from 167 in Q1 2019.
- Funds reported $590M of Invesco Variable Rate Preferred ETF stock for Q2 2019, down 0.76% quarter-over-quarter.
- 18 funds opened new Invesco Variable Rate Preferred ETF positions in Q2 2019 and 20 closed out, a net change of -2 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q2 2019 was MD Financial Management, an estimated $17.8M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q2 2019 was Jane Street, an estimated $20.7M sold.
Based on aggregated 13F filings for Q2 2019.