Invesco Variable Rate Preferred ETF
VRP
169 hedge funds and large institutions have $588M invested in Invesco Variable Rate Preferred ETF in 2018 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 36 increasing their positions, 80 reducing their positions, and 36 closing their positions.
6% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 36
2% less funds holding
Funds holding: 173 → 169 (-4)
12.33% less ownership
Funds ownership: 51.36% → 39.03% (-12%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
47% less capital invested
Capital invested by funds: $1.11B → $588M (-$520M)
55% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 80
Top Buyers
| 1 |
Jane Street
New York
|
+$10.4M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$7.35M |
| 3 |
LA
LVW Advisors
Pittsford,
New York
|
+$6.22M |
| 4 |
BCM
Bluefin Capital Management
New York
|
+$1.82M |
| 5 |
CCA
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
+$1.7M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FANJ
201
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$4K | -170 | Closed |
|
|
MA
202
MUFG Americas
New York
| – | -$4K | -150 | Closed |
|
203
Fidelity Investments
Boston,
Massachusetts
| – | +$24 | +1 | +100% |
|
204
Parallax Volatility Advisers
San Francisco,
California
| – | +$191 | +8 | +800% |
|
VRP Hedge Fund Activity: Q4 2018 in Review
169 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q4 2018, worth a combined $588M — down 47% from $1.11B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of VRP and 34 opened new positions — a net loss of 2 holders — while 80 trimmed existing stakes and 36 added.
The largest buyer was Jane Street, adding an estimated $10.4M. The largest seller was Charles Schwab Investment Advisory, exiting entirely with an estimated $307M sold.
- 169 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q4 2018, down from 173 in Q3 2018.
- Funds reported $588M of Invesco Variable Rate Preferred ETF stock for Q4 2018, down 47% quarter-over-quarter.
- 34 funds opened new Invesco Variable Rate Preferred ETF positions in Q4 2018 and 36 closed out, a net change of -2 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q4 2018 was Jane Street, an estimated $10.4M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q4 2018 was Charles Schwab Investment Advisory, an estimated $307M sold.
Based on aggregated 13F filings for Q4 2018.