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Invesco Variable Rate Preferred ETF

105 hedge funds and large institutions have $567M invested in Invesco Variable Rate Preferred ETF in 2017 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 55 increasing their positions, 20 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

229% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 7

175% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 20

67% more funds holding in top 10

Funds holding in top 10: 35 (+2)

30% more capital invested

Capital invested by funds: $437M → $567M (+$130M)

17% more funds holding

Funds holding: 90105 (+15)

1.05% less ownership

Funds ownership: 47.31%46.26% (-1%)

Holders
105
Holders Change
+15
Holders Change %
+16.67%
% of All Funds
2.61%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.12%
New
23
Increased
55
Reduced
20
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$95M +$17M +673,264 +22%
Morgan Stanley
2
Morgan Stanley
New York
$60.2M +$7.48M +296,993 +14%
Wells Fargo
3
Wells Fargo
California
$40.1M +$37.8M +1,501,964 +2,001%
EMA
4
Efficient Market Advisors
California
$38.2M +$2.69M +106,690 +8%
Invesco
5
Invesco
Georgia
$35.9M +$1.79M +71,041 +5%
UBS Group
6
UBS Group
Switzerland
$34.6M +$5.03M +199,716 +17%
CAI
7
Capital Advisors Inc
Oklahoma
$18.7M +$1.08M +42,813 +6%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$15.3M +$910K +36,137 +6%
AP
9
Atwood & Palmer
Missouri
$13.3M +$4.26M +169,183 +48%
Wellington Management Group
10
Wellington Management Group
Massachusetts
$13.1M +$9.32M +370,200 +259%
SC
11
SouthState Corp
Florida
$10.7M +$1.03M +40,710 +11%
3AM
12
3D Asset Management
Connecticut
$9.84M -$2.88M -114,289 -23%
AA
13
Advisory Alpha
Michigan
$9.39M +$1.14M +45,113 +14%
DCM
14
DeGreen Capital Management
Arizona
$8.91M +$599K +23,791 +7%
CCA
15
Clearwater Capital Advisors
Illinois
$8.06M +$3.77M +149,590 +90%
Envestnet Asset Management
16
Envestnet Asset Management
Illinois
$7.92M +$120K +4,763 +2%
HighTower Advisors
17
HighTower Advisors
Illinois
$7.6M +$480K +19,055 +7%
CT
18
Coastline Trust
Rhode Island
$6.69M +$391K +15,510 +6%
Stifel Financial
19
Stifel Financial
Missouri
$6.53M -$4.87M -193,259 -43%
BCI
20
Brinker Capital Investments
Pennsylvania
$6.47M +$118K +4,678 +2%
SG Americas Securities
21
SG Americas Securities
New York
$6.3M +$6.23M +247,500 New
EC
22
Estate Counselors
Wisconsin
$5.51M -$2.82M -111,950 -34%
RJA
23
Raymond James & Associates
Florida
$5.05M -$556K -22,074 -10%
TYCC
24
Texas Yale Capital Corp
Florida
$4.51M +$306K +12,160 +7%
TPW
25
Tiller Private Wealth
Pennsylvania
$4.49M +$106K +4,220 +2%

VRP Hedge Fund Activity: Q1 2017 in Review

105 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2017, worth a combined $567M — up 30% from $437M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new VRP positions and 7 closed out — a net gain of 16 holders — while 55 added to existing stakes and 20 trimmed.

The largest buyer was Wells Fargo, adding an estimated $37.8M. The largest seller was Stifel Financial, cutting an estimated $4.87M.

  • 105 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2017, up from 90 in Q4 2016.
  • Funds reported $567M of Invesco Variable Rate Preferred ETF stock for Q1 2017, up 30% quarter-over-quarter.
  • 23 funds opened new Invesco Variable Rate Preferred ETF positions in Q1 2017 and 7 closed out, a net change of +16 holders.
  • The largest Invesco Variable Rate Preferred ETF buyer in Q1 2017 was Wells Fargo, an estimated $37.8M added.
  • The largest Invesco Variable Rate Preferred ETF seller in Q1 2017 was Stifel Financial, an estimated $4.87M sold.

Based on aggregated 13F filings for Q1 2017.