ALPS Dynamic US Dividend Advantage ETF
RFDA
24 hedge funds and large institutions have $75.9M invested in ALPS Dynamic US Dividend Advantage ETF in 2026 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 14 reducing their positions, and 3 closing their positions.
1% less ownership
Funds ownership: 101.66% → 100.66% (-1%)
8% less funds holding
Funds holding: 26 → 24 (-2)
12% less capital invested
Capital invested by funds: $85.8M → $75.9M (-$9.94M)
57% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 14
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DC
Davenport & Co
Richmond,
Virginia
|
+$150K |
| 2 |
AA
Armis Advisers
Atlanta,
Georgia
|
+$85.1K |
| 3 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$33.2K |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$21.3K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$10.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
ALPS Advisors
Denver,
Colorado
|
-$3.39M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$2.31M |
| 3 |
Koshinski Asset Management
Decatur,
Illinois
|
-$1.34M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$398K |
| 5 |
ECA
Elevated Capital Advisors
Sandy,
Utah
|
-$335K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
| – | -$221K | -3,447 | Closed |
|
|
LC
27
Luminist Capital
Grand Rapids,
Michigan
| – | -$2.49K | -39 | Closed |
|
RFDA Hedge Fund Activity: Q1 2026 in Review
24 of the 8,134 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q1 2026, worth a combined $75.9M — down 12% from $85.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RFDA and 1 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 6 added.
The largest buyer was Davenport & Co, adding an estimated $150K. The largest seller was ALPS Advisors, cutting an estimated $3.39M.
- 24 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q1 2026, down from 26 in Q4 2025.
- Funds reported $75.9M of ALPS Dynamic US Dividend Advantage ETF stock for Q1 2026, down 12% quarter-over-quarter.
- 1 fund opened new ALPS Dynamic US Dividend Advantage ETF positions in Q1 2026 and 3 closed out, a net change of -2 holders.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q1 2026 was Davenport & Co, an estimated $150K added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q1 2026 was ALPS Advisors, an estimated $3.39M sold.
Based on aggregated 13F filings for Q1 2026.