We are live on ! Find out more
VRP icon

Invesco Variable Rate Preferred ETF

220 hedge funds and large institutions have $810M invested in Invesco Variable Rate Preferred ETF in 2023 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 61 increasing their positions, 99 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 22

1% more funds holding

Funds holding: 218220 (+2)

0.45% less ownership

Funds ownership: 54.44%53.99% (-0.45%)

7% less capital invested

Capital invested by funds: $866M → $810M (-$56.4M)

25% less funds holding in top 10

Funds holding in top 10: 86 (-2)

38% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 99

Holders
220
Holders Change
+2
Holders Change %
+0.92%
% of All Funds
3.45%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.09%
New
26
Increased
61
Reduced
99
Closed
22
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$103M +$1.19M +53,891 +1%
Bank of America
2
Bank of America
North Carolina
$73.7M -$8.64M -391,243 -11%
UBS Group
3
UBS Group
Switzerland
$54.5M -$2.99M -135,529 -5%
Wells Fargo
4
Wells Fargo
California
$47.4M +$1.42M +64,482 +3%
Jane Street
5
Jane Street
New York
$45.4M +$37.3M +1,688,721 +482%
AA
6
Advisory Alpha
Michigan
$34.7M -$13.2K -596 -0%
SI
7
Stephens Inc
Arkansas
$32.8M +$333K +15,089 +1%
Osaic Holdings
8
Osaic Holdings
Arizona
$22M -$33.7M -1,527,978 -61%
ACM
9
Advisors Capital Management
New Jersey
$21.3M +$1.66M +75,100 +9%
MGIA
10
Matthew Goff Investment Advisor
Texas
$15.5M -$113K -5,121 -0.7%
LPL Financial
11
LPL Financial
California
$14.8M +$2.64M +119,318 +22%
HighTower Advisors
12
HighTower Advisors
Illinois
$13.3M +$9.46M +428,518 +254%
Janney Montgomery Scott
13
Janney Montgomery Scott
Pennsylvania
$12.7M +$907K +41,082 +8%
Ameriprise
14
Ameriprise
Minnesota
$12.1M +$1.38M +62,411 +13%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$10.9M +$1.45M +65,526 +15%
RJFSA
16
Raymond James Financial Services Advisors
Florida
$10.9M -$501K -22,690 -4%
Baird Financial Group
17
Baird Financial Group
Wisconsin
$9.8M -$1.98M -89,560 -17%
EWA
18
Evolution Wealth Advisors
Florida
$9.28M -$10.4K -473 -0.1%
JP Morgan Chase
19
JP Morgan Chase
New York
$8.99M -$47.9M -2,169,373 -84%
Susquehanna International Group
20
Susquehanna International Group
Pennsylvania
$7.68M +$7.63M +345,298 New
Renaissance Technologies
21
Renaissance Technologies
New York
$7.28M +$1.9M +86,200 +36%
LWA
22
LWS Wealth Advisors
New Jersey
$7.01M +$223K +10,106 +3%
Invesco
23
Invesco
Georgia
$6.63M +$264K +11,966 +4%
WT
24
Whittier Trust
California
$6.22M -$2.98M -135,045 -33%
Stifel Financial
25
Stifel Financial
Missouri
$6.2M +$5.41M +244,858 +728%

VRP Hedge Fund Activity: Q2 2023 in Review

220 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q2 2023, worth a combined $810M — down 6.5% from $866M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new VRP positions and 22 closed out — a net gain of 4 holders — while 61 added to existing stakes and 99 trimmed.

The largest buyer was Jane Street, adding an estimated $37.3M. The largest seller was JP Morgan Chase, cutting an estimated $47.9M.

  • 220 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q2 2023, up from 218 in Q1 2023.
  • Funds reported $810M of Invesco Variable Rate Preferred ETF stock for Q2 2023, down 6.5% quarter-over-quarter.
  • 26 funds opened new Invesco Variable Rate Preferred ETF positions in Q2 2023 and 22 closed out, a net change of +4 holders.
  • The largest Invesco Variable Rate Preferred ETF buyer in Q2 2023 was Jane Street, an estimated $37.3M added.
  • The largest Invesco Variable Rate Preferred ETF seller in Q2 2023 was JP Morgan Chase, an estimated $47.9M sold.

Based on aggregated 13F filings for Q2 2023.