Invesco Variable Rate Preferred ETF
231 hedge funds and large institutions have $810M invested in Invesco Variable Rate Preferred ETF in 2023 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 69 increasing their positions, 106 reducing their positions, and 20 closing their positions.
50% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 20
6% more capital invested
Capital invested by funds: $767M → $810M (+$42.8M)
4% more funds holding
Funds holding: 223 → 231 (+8)
1.87% more ownership
Funds ownership: 52.54% → 54.41% (+1.9%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
35% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 106
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$6.25M |
| 2 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
+$5.88M |
| 3 |
GL
Graypoint LLC
Albany,
New York
|
+$5.21M |
| 4 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$4.78M |
| 5 |
JP Morgan Chase
New York
|
+$4.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$8.19M |
| 2 |
Jane Street
New York
|
-$7.22M |
| 3 |
MWM
Marion Wealth Management
Monroeville,
Pennsylvania
|
-$4.77M |
| 4 |
Bank of New York Mellon
New York
|
-$3.53M |
| 5 |
RFWA
RPg Family Wealth Advisory
Burlington,
Massachusetts
|
-$3.37M |
VRP Hedge Fund Activity: Q4 2023 in Review
231 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q4 2023, worth a combined $810M — up 5.6% from $767M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new VRP positions and 20 closed out — a net gain of 10 holders — while 69 added to existing stakes and 106 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $6.25M. The largest seller was UBS Group, cutting an estimated $8.19M.
- 231 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q4 2023, up from 223 in Q3 2023.
- Funds reported $810M of Invesco Variable Rate Preferred ETF stock for Q4 2023, up 5.6% quarter-over-quarter.
- 30 funds opened new Invesco Variable Rate Preferred ETF positions in Q4 2023 and 20 closed out, a net change of +10 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q4 2023 was Renaissance Technologies, an estimated $6.25M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q4 2023 was UBS Group, an estimated $8.19M sold.
Based on aggregated 13F filings for Q4 2023.