Invesco Variable Rate Preferred ETF
238 hedge funds and large institutions have $876M invested in Invesco Variable Rate Preferred ETF in 2024 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 81 increasing their positions, 90 reducing their positions, and 24 closing their positions.
33% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 24
8% more capital invested
Capital invested by funds: $810M → $876M (+$66.7M)
3% more funds holding
Funds holding: 231 → 238 (+7)
0.22% more ownership
Funds ownership: 54.41% → 54.62% (+0.22%)
10% less repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 90
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$12.3M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$8.68M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$8.13M |
| 4 |
LPL Financial
San Diego,
California
|
+$7.59M |
| 5 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
+$7.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
-$6.8M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.35M |
| 3 |
GL
Graypoint LLC
Albany,
New York
|
-$3.68M |
| 4 |
MWM
Meridian Wealth Management
Lexington,
Kentucky
|
-$3.43M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$3.21M |
VRP Hedge Fund Activity: Q1 2024 in Review
238 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2024, worth a combined $876M — up 8.2% from $810M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new VRP positions and 24 closed out — a net gain of 8 holders — while 81 added to existing stakes and 90 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $12.3M. The largest seller was Spectrum Asset Management (Connecticut), cutting an estimated $6.8M.
- 238 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2024, up from 231 in Q4 2023.
- Funds reported $876M of Invesco Variable Rate Preferred ETF stock for Q1 2024, up 8.2% quarter-over-quarter.
- 32 funds opened new Invesco Variable Rate Preferred ETF positions in Q1 2024 and 24 closed out, a net change of +8 holders.
- The largest Invesco Variable Rate Preferred ETF buyer in Q1 2024 was Morgan Stanley, an estimated $12.3M added.
- The largest Invesco Variable Rate Preferred ETF seller in Q1 2024 was Spectrum Asset Management (Connecticut), an estimated $6.8M sold.
Based on aggregated 13F filings for Q1 2024.