Invesco Variable Rate Preferred ETF
91 hedge funds and large institutions have $398M invested in Invesco Variable Rate Preferred ETF in 2016 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 55 increasing their positions, 7 reducing their positions, and 9 closing their positions.
686% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 7
133% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 9
33% more capital invested
Capital invested by funds: $300M → $398M (+$98.9M)
15% more funds holding
Funds holding: 79 → 91 (+12)
3.46% more ownership
Funds ownership: 43.87% → 47.33% (+3.5%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
Horizon Investments
Charlotte,
North Carolina
|
+$28.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$13.2M |
| 3 |
Morgan Stanley
New York
|
+$6.98M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$4.77M |
| 5 |
EMA
Efficient Market Advisors
San Diego,
California
|
+$3.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$260K |
| 2 |
OC
Oppenheimer & Co
New York
|
-$259K |
| 3 |
JSAM
J. Safra Asset Management
New York
|
-$180K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$134K |
| 5 |
MWP
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
|
-$117K |
VRP Hedge Fund Activity: Q3 2016 in Review
91 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q3 2016, worth a combined $398M — up 33% from $300M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new VRP positions and 9 closed out — a net gain of 12 holders — while 55 added to existing stakes and 7 trimmed.
The largest buyer was Horizon Investments, opening a new position worth an estimated $28.1M. The largest seller was Royal Bank of Canada, cutting an estimated $260K.
- 91 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q3 2016, up from 79 in Q2 2016.
- Funds reported $398M of Invesco Variable Rate Preferred ETF stock for Q3 2016, up 33% quarter-over-quarter.
- 21 funds opened new Invesco Variable Rate Preferred ETF positions in Q3 2016 and 9 closed out, a net change of +12 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q3 2016 was Horizon Investments, an estimated $28.1M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q3 2016 was Royal Bank of Canada, an estimated $260K sold.
Based on aggregated 13F filings for Q3 2016.