ALPS Dynamic US Dividend Advantage ETF
RFDA
27 hedge funds and large institutions have $97.4M invested in ALPS Dynamic US Dividend Advantage ETF in 2022 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 3 increasing their positions, 12 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
29% more funds holding
Funds holding: 21 → 27 (+6)
3.85% more ownership
Funds ownership: 100.88% → 104.73% (+3.9%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less capital invested
Capital invested by funds: $105M → $97.4M (-$7.12M)
75% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSFS
Main Street Financial Solutions
Newtown,
Pennsylvania
|
+$7.17M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.02M |
| 3 |
Jane Street
New York
|
+$547K |
| 4 |
IFG
Independent Financial Group
San Diego,
California
|
+$256K |
| 5 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
+$227K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$5.08M |
| 2 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$3.41M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$626K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$576K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$376K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Morgan Stanley
New York
| $7K | – | – | – |
|
27
Citadel Advisors
Miami,
Florida
| – | -$231K | -5,357 | Closed |
|
28
Fidelity Investments
Boston,
Massachusetts
| – | +$44 | +1 | New |
|
RFDA Hedge Fund Activity: Q3 2022 in Review
27 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q3 2022, worth a combined $97.4M — down 6.8% from $105M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new RFDA positions and 1 closed out — a net gain of 6 holders — while 3 added to existing stakes and 12 trimmed.
The largest buyer was Main Street Financial Solutions, opening a new position worth an estimated $7.17M. The largest seller was RiverFront Investment Group, cutting an estimated $5.08M.
- 27 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q3 2022, up from 21 in Q2 2022.
- Funds reported $97.4M of ALPS Dynamic US Dividend Advantage ETF stock for Q3 2022, down 6.8% quarter-over-quarter.
- 7 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q3 2022 and 1 closed out, a net change of +6 holders.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q3 2022 was Main Street Financial Solutions, an estimated $7.17M added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q3 2022 was RiverFront Investment Group, an estimated $5.08M sold.
Based on aggregated 13F filings for Q3 2022.