ALPS Dynamic US Dividend Advantage ETF
RFDA
31 hedge funds and large institutions have $76.8M invested in ALPS Dynamic US Dividend Advantage ETF in 2022 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 15 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
15% more funds holding
Funds holding: 27 → 31 (+4)
10.93% less ownership
Funds ownership: 104.73% → 93.81% (-11%)
21% less capital invested
Capital invested by funds: $97.4M → $76.8M (-$20.6M)
73% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$976K |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$690K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$678K |
| 4 |
ECA
Elevated Capital Advisors
Sandy,
Utah
|
+$493K |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$319K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$7.31M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$6.08M |
| 3 |
MSFS
Main Street Financial Solutions
Newtown,
Pennsylvania
|
-$6.06M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
-$5.43M |
| 5 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$2.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wells Fargo
San Francisco,
California
| $64.2K | -$42 | -1 | -0.1% |
|
27
JP Morgan Chase
New York
| $47K | +$47.2K | +1,121 | New |
|
28
UBS Group
Zurich,
Switzerland
| $20.4K | -$10K | -238 | -33% |
|
|
CPG
29
Cornerstone Planning Group
Fairfield,
New Jersey
| $19K | +$18.7K | +444 | New |
|
30
Morgan Stanley
New York
| $7.76K | – | – | – |
|
|
NA
31
NewEdge Advisors
New Orleans,
Louisiana
| $87 | +$86.9K | +2,063 | New |
|
32
Jane Street
New York
| – | -$482K | -12,388 | Closed |
|
|
KWM
33
Kingsview Wealth Management
Grants Pass,
Oregon
| – | -$200K | -5,137 | Closed |
|
RFDA Hedge Fund Activity: Q4 2022 in Review
31 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q4 2022, worth a combined $76.8M — down 21% from $97.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new RFDA positions and 3 closed out — a net gain of 4 holders — while 4 added to existing stakes and 15 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $976K. The largest seller was RiverFront Investment Group, cutting an estimated $7.31M.
- 31 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q4 2022, up from 27 in Q3 2022.
- Funds reported $76.8M of ALPS Dynamic US Dividend Advantage ETF stock for Q4 2022, down 21% quarter-over-quarter.
- 7 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q4 2022 and 3 closed out, a net change of +4 holders.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q4 2022 was Citadel Advisors, an estimated $976K added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q4 2022 was RiverFront Investment Group, an estimated $7.31M sold.
Based on aggregated 13F filings for Q4 2022.