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Invesco Variable Rate Preferred ETF

237 hedge funds and large institutions have $875M invested in Invesco Variable Rate Preferred ETF in 2024 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 79 increasing their positions, 91 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 24

3% more funds holding

Funds holding: 230237 (+7)

4% less capital invested

Capital invested by funds: $908M → $875M (-$32.7M)

6.46% less ownership

Funds ownership: 61.02%54.56% (-6.5%)

13% less repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 91

20% less funds holding in top 10

Funds holding in top 10: 54 (-1)

Holders
237
Holders Change
+7
Holders Change %
+3.04%
% of All Funds
3.41%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
32
Increased
79
Reduced
91
Closed
24
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$115M -$89M -3,792,276 -44%
Bank of America
2
Bank of America
North Carolina
$91.5M -$1.42M -60,557 -2%
UBS Group
3
UBS Group
Switzerland
$70.3M +$8.13M +346,214 +13%
AA
4
Advisory Alpha
Michigan
$46.4M +$2.37M +100,897 +5%
Wells Fargo
5
Wells Fargo
California
$38.9M -$2.2M -93,903 -5%
SI
6
Stephens Inc
Arkansas
$33.3M -$577K -24,553 -2%
LPL Financial
7
LPL Financial
California
$25.1M +$7.59M +323,223 +44%
ACM
8
Advisors Capital Management
New Jersey
$21.7M +$1.16M +49,587 +6%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$21.3M +$8.68M +369,856 +71%
Osaic Holdings
10
Osaic Holdings
Arizona
$21M -$120K -5,127 -0.6%
Envestnet Asset Management
11
Envestnet Asset Management
Illinois
$19.4M +$4.22M +179,886 +28%
JP Morgan Chase
12
JP Morgan Chase
New York
$18.8M +$5.5M +234,045 +42%
HighTower Advisors
13
HighTower Advisors
Illinois
$17.5M +$233K +9,910 +1%
MGIA
14
Matthew Goff Investment Advisor
Texas
$16M -$30.9K -1,318 -0.2%
BFEC
15
Benjamin F. Edwards & Company
Missouri
$10.9M +$5.66M +240,901 +112%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$10.7M +$6.52M +277,685 +162%
EWA
17
Evolution Wealth Advisors
Florida
$10.4M +$26.7K +1,137 +0.3%
Baird Financial Group
18
Baird Financial Group
Wisconsin
$10.1M +$968K +41,244 +11%
Renaissance Technologies
19
Renaissance Technologies
New York
$9.88M -$957K -40,769 -9%
Ameriprise
20
Ameriprise
Minnesota
$9.56M -$2.43M -103,410 -20%
Stifel Financial
21
Stifel Financial
Missouri
$8.22M +$962K +40,949 +13%
BFO
22
Boston Family Office
Massachusetts
$7.67M -$411K -17,510 -5%
ATPW
23
Ashton Thomas Private Wealth
Arizona
$7.66M +$1.71M +72,898 +29%
WCM
24
Windsor Capital Management
Arizona
$7.65M +$697K +29,683 +10%
SAM
25
Synergy Asset Management
Washington
$7.55M +$7.46M +317,802 New

VRP Hedge Fund Activity: Q1 2024 in Review

237 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Invesco Variable Rate Preferred ETF (VRP) for Q1 2024, worth a combined $875M — down 3.6% from $908M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new VRP positions and 24 closed out — a net gain of 8 holders — while 79 added to existing stakes and 91 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $8.68M. The largest seller was Morgan Stanley, cutting an estimated $89M.

  • 237 institutional investors held Invesco Variable Rate Preferred ETF (VRP) as of Q1 2024, up from 230 in Q4 2023.
  • Funds reported $875M of Invesco Variable Rate Preferred ETF stock for Q1 2024, down 3.6% 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 Royal Bank of Canada, an estimated $8.68M added.
  • The largest Invesco Variable Rate Preferred ETF seller in Q1 2024 was Morgan Stanley, an estimated $89M sold.

Based on aggregated 13F filings for Q1 2024.