Invesco Variable Rate Preferred ETF
129 hedge funds and large institutions have $875M invested in Invesco Variable Rate Preferred ETF in 2017 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 72 increasing their positions, 21 reducing their positions, and 16 closing their positions.
243% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 21
14% more capital invested
Capital invested by funds: $768M → $875M (+$107M)
6% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 16
1% more funds holding
Funds holding: 128 → 129 (+1)
0.13% less ownership
Funds ownership: 47.27% → 47.15% (-0.13%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$28M |
| 2 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
+$23.7M |
| 3 |
Jane Street
New York
|
+$12.7M |
| 4 |
Morgan Stanley
New York
|
+$9.9M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$9.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$6.71M |
| 2 |
SG Americas Securities
New York
|
-$5.36M |
| 3 |
SC
SouthState Corp
Winter Haven,
Florida
|
-$4.3M |
| 4 |
WIM
Windhaven Investment Management
Boston,
Massachusetts
|
-$2.59M |
| 5 |
CAI
Capital Advisors Inc
Tulsa,
Oklahoma
|
-$2.1M |
VRP Hedge Fund Activity: Q3 2017 in Review
129 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q3 2017, worth a combined $875M — up 14% from $768M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new VRP positions and 16 closed out — a net gain of 1 holder — while 72 added to existing stakes and 21 trimmed.
The largest buyer was Bank of America, adding an estimated $28M. The largest seller was Wellington Management Group, exiting entirely with an estimated $6.71M sold.
- 129 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q3 2017, up from 128 in Q2 2017.
- Funds reported $875M of Invesco Variable Rate Preferred ETF stock for Q3 2017, up 14% quarter-over-quarter.
- 17 funds opened new Invesco Variable Rate Preferred ETF positions in Q3 2017 and 16 closed out, a net change of +1 holder.
- The largest Invesco Variable Rate Preferred ETF buyer in Q3 2017 was Bank of America, an estimated $28M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q3 2017 was Wellington Management Group, an estimated $6.71M sold.
Based on aggregated 13F filings for Q3 2017.