Invesco Variable Rate Preferred ETF
128 hedge funds and large institutions have $768M invested in Invesco Variable Rate Preferred ETF in 2017 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 63 increasing their positions, 20 reducing their positions, and 6 closing their positions.
417% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 6
215% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 20
35% more capital invested
Capital invested by funds: $567M → $768M (+$201M)
22% more funds holding
Funds holding: 105 → 128 (+23)
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
1.01% more ownership
Funds ownership: 46.26% → 47.27% (+1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
+$103M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$21M |
| 3 |
Morgan Stanley
New York
|
+$13.6M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$7.08M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$5.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$6.63M |
| 2 |
SC
SouthState Corp
Winter Haven,
Florida
|
-$4.04M |
| 3 |
Jane Street
New York
|
-$2.32M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$1.33M |
| 5 |
CAI
Capital Advisors Inc
Tulsa,
Oklahoma
|
-$1.24M |
VRP Hedge Fund Activity: Q2 2017 in Review
128 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q2 2017, worth a combined $768M — up 35% from $567M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new VRP positions and 6 closed out — a net gain of 25 holders — while 63 added to existing stakes and 20 trimmed.
The largest buyer was Windhaven Investment Management, opening a new position worth an estimated $103M. The largest seller was Wellington Management Group, cutting an estimated $6.63M.
- 128 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q2 2017, up from 105 in Q1 2017.
- Funds reported $768M of Invesco Variable Rate Preferred ETF stock for Q2 2017, up 35% quarter-over-quarter.
- 31 funds opened new Invesco Variable Rate Preferred ETF positions in Q2 2017 and 6 closed out, a net change of +25 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q2 2017 was Windhaven Investment Management, an estimated $103M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q2 2017 was Wellington Management Group, an estimated $6.63M sold.
Based on aggregated 13F filings for Q2 2017.