Invesco Variable Rate Preferred ETF
218 hedge funds and large institutions have $869M invested in Invesco Variable Rate Preferred ETF in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 68 increasing their positions, 102 reducing their positions, and 29 closing their positions.
1.27% less ownership
Funds ownership: 55.71% → 54.44% (-1.3%)
10% less funds holding
Funds holding: 242 → 218 (-24)
11% less capital invested
Capital invested by funds: $976M → $869M (-$107M)
27% less funds holding in top 10
Funds holding in top 10: 11 → 8 (-3)
33% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 102
72% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$7.38M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$5.51M |
| 3 |
Jane Street
New York
|
+$3.44M |
| 4 |
Renaissance Technologies
New York
|
+$2.5M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$1.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$27.3M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$14.5M |
| 3 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
-$11M |
| 4 |
WSTAM
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
|
-$10.6M |
| 5 |
JP Morgan Chase
New York
|
-$6.63M |
VRP Hedge Fund Activity: Q1 2023 in Review
218 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2023, worth a combined $869M — down 11% from $976M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of VRP and 8 opened new positions — a net loss of 21 holders — while 102 trimmed existing stakes and 68 added.
The largest buyer was Janney Montgomery Scott, adding an estimated $7.38M. The largest seller was Morgan Stanley, cutting an estimated $27.3M.
- 218 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2023, down from 242 in Q4 2022.
- Funds reported $869M of Invesco Variable Rate Preferred ETF stock for Q1 2023, down 11% quarter-over-quarter.
- 8 funds opened new Invesco Variable Rate Preferred ETF positions in Q1 2023 and 29 closed out, a net change of -21 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q1 2023 was Janney Montgomery Scott, an estimated $7.38M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q1 2023 was Morgan Stanley, an estimated $27.3M sold.
Based on aggregated 13F filings for Q1 2023.