Invesco Variable Rate Preferred ETF
VRP
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.
33% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 24
3% more funds holding
Funds holding: 230 → 237 (+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: 5 → 4 (-1)
Top Buyers
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$8.68M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$8.13M |
| 3 |
LPL Financial
San Diego,
California
|
+$7.59M |
| 4 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
+$7.46M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$6.52M |
Top Sellers
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.