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Invesco Variable Rate Preferred ETF

26 hedge funds and large institutions have $55.5M invested in Invesco Variable Rate Preferred ETF in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 3 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 3

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

51% more capital invested

Capital invested by funds: $36.7M → $55.5M (+$18.8M)

37% more funds holding

Funds holding: 1926 (+7)

1.72% more ownership

Funds ownership: 46.17%47.9% (+1.7%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
26
Holders Change
+7
Holders Change %
+36.84%
% of All Funds
0.69%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
11
Increased
11
Reduced
3
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
EMA
1
Efficient Market Advisors
California
$13.9M -$63.8K -2,574 -0.5%
Morgan Stanley
2
Morgan Stanley
New York
$12M +$6.41M +258,389 +114%
Bank of America
3
Bank of America
North Carolina
$6.97M +$5.7M +230,040 +436%
BCI
4
Brinker Capital Investments
Pennsylvania
$6.13M +$491K +19,789 +9%
CCM
5
CWH Capital Management
Washington
$3.97M +$3.99M +160,910 New
ECM
6
Evergreen Capital Management
Washington
$3.22M -$1.98K -80 -0.1%
HighTower Advisors
7
HighTower Advisors
Illinois
$2.67M +$543K +21,879 +25%
Jane Street
8
Jane Street
New York
$965K +$343K +13,838 +55%
LPL Financial
9
LPL Financial
California
$901K +$335K +13,527 +59%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$847K +$80.3K +3,239 +10%
DADC
11
D.A. Davidson & Co
Montana
$815K -$13.4K -542 -2%
CA
12
Cetera Advisors
Colorado
$730K +$735K +29,640 New
LTFS
13
Ladenburg Thalmann Financial Services
Florida
$721K +$253K +10,216 +54%
CWM
14
Cabot Wealth Management
Massachusetts
$430K +$433K +17,450 New
VKH
15
Virtu KCG Holdings
New York
$353K +$355K +14,321 New
Ameriprise
16
Ameriprise
Minnesota
$222K +$219K +8,846 +5,599%
OC
17
Oppenheimer & Co
New York
$210K
HFS
18
HL Financial Services
Kentucky
$202K +$204K +8,207 New
NES
19
New England Securities
New York
$95K +$28.7K +1,158 +43%
UBS Group
20
UBS Group
Switzerland
$76K +$76.2K +3,075 New
CPIG
21
Chicago Partners Investment Group
Illinois
$49K +$49.6K +2,000 New
WTB
22
Washington Trust Bank
Washington
$36K +$36K +1,450 New
SIG
23
Stanford Investment Group
California
$30K +$29.9K +1,204 New
AIG
24
American International Group
New York
$21.6K +$9.92K +400 +84%
MFS
25
MSI Financial Services
Massachusetts
$10K +$9.92K +400 New

VRP Hedge Fund Activity: Q4 2014 in Review

26 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q4 2014, worth a combined $55.5M — up 51% from $36.7M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new VRP positions and 4 closed out — a net gain of 7 holders — while 11 added to existing stakes and 3 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $6.41M. The largest seller was JP Morgan Chase, exiting entirely with an estimated $386K sold.

  • 26 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q4 2014, up from 19 in Q3 2014.
  • Funds reported $55.5M of Invesco Variable Rate Preferred ETF stock for Q4 2014, up 51% quarter-over-quarter.
  • 11 funds opened new Invesco Variable Rate Preferred ETF positions in Q4 2014 and 4 closed out, a net change of +7 holders.
  • The largest Invesco Variable Rate Preferred ETF buyer in Q4 2014 was Morgan Stanley, an estimated $6.41M added.
  • The largest Invesco Variable Rate Preferred ETF seller in Q4 2014 was JP Morgan Chase, an estimated $386K sold.

Based on aggregated 13F filings for Q4 2014.