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Invesco Variable Rate Preferred ETF

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.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 24

3% more funds holding

Funds holding: 230237 (+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: 54 (-1)

Holders
237
Holders Change
+7
Holders Change %
+3.04%
% of All Funds
3.41%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
32
Increased
79
Reduced
91
Closed
24
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PNC Financial Services Group
201
PNC Financial Services Group
Pennsylvania
$82.7K -$18.2K -775 -18%
HBW
202
Hazlett, Burt & Watson
West Virginia
$76K -$7.94K -338 -10%
BNP Paribas Financial Markets
203
BNP Paribas Financial Markets
France
$71.4K +$70.5K +3,001 +75,025%
BC
204
Barrett & Company
Rhode Island
$64.7K
National Bank of Canada
205
National Bank of Canada
Quebec, Canada
$63.5K
KFI
206
Key Financial Inc
Pennsylvania
$50.2K
PK
207
Pflug Koory
Nebraska
$50.2K +$657 +28 +1%
VL
208
Vima LLC
Michigan
$50K -$26K -1,107 -33%
CHA
209
Carmichael Hill & Associates
Maryland
$38K
HI
210
Harbour Investments
Wisconsin
$34.5K
HPC
211
HM Payson & Co
Maine
$33K +$32.6K +1,388 New
Jones Financial Companies
212
Jones Financial Companies
Missouri
$30.7K +$30.3K +1,290 New
NFSG
213
Newbridge Financial Services Group
Florida
$24.7K +$1.85K +79 +8%
GJIA
214
Glass Jacobson Investment Advisors
Maryland
$24.1K +$329 +14 +1%
VWWMG
215
Vermillion & White Wealth Management Group
Pennsylvania
$23.7K +$23.4K +997 New
BWAM
216
Boyd Watterson Asset Management
Ohio
$23K +$22.7K +967 New
TSWM
217
Tyler-Stone Wealth Management
Ohio
$21.4K
CA
218
CoreCap Advisors
Michigan
$21.2K +$20.9K +891 New
CT
219
Colonial Trust
South Carolina
$20.9K
ME
220
McIlrath & Eck
Washington
$19K
MRCM
221
M&R Capital Management
New Jersey
$14.3K
FP
222
Financial Perspectives
Minnesota
$12K
AF
223
Allworth Financial
California
$11.2K +$11.1K +472 New
SL
224
Salomon & Ludwin
Virginia
$10.1K
SMA
225
Sage Mountain Advisors
Georgia
$9.51K +$9.39K +400 New

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.