ALPS Dynamic US Dividend Advantage ETF
RFDA
30 hedge funds and large institutions have $68.9M invested in ALPS Dynamic US Dividend Advantage ETF in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 16 reducing their positions, and 1 closing their positions.
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
2.44% less ownership
Funds ownership: 93.81% → 91.36% (-2.4%)
3% less funds holding
Funds holding: 31 → 30 (-1)
10% less capital invested
Capital invested by funds: $76.8M → $68.9M (-$7.91M)
56% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 16
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$855K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$237K |
| 3 |
DC
Davenport & Co
Richmond,
Virginia
|
+$206K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$172K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$164K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$4.05M |
| 2 |
ECA
Elevated Capital Advisors
Sandy,
Utah
|
-$1.85M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
-$1.8M |
| 4 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$1.1M |
| 5 |
T
TRUADVICE
Sarasota,
Florida
|
-$887K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| $88.3K | -$212K | -4,923 | -71% |
|
27
Wells Fargo
San Francisco,
California
| $65.9K | – | – | – |
|
28
Morgan Stanley
New York
| $7.96K | – | – | – |
|
29
JP Morgan Chase
New York
| $4.13K | -$44.1K | -1,025 | -91% |
|
30
UBS Group
Zurich,
Switzerland
| $1.08K | -$19.8K | -461 | -95% |
|
|
FTUS
31
Flow Traders U.S.
New York
| – | -$419K | -9,986 | Closed |
|
RFDA Hedge Fund Activity: Q1 2023 in Review
30 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q1 2023, worth a combined $68.9M — down 10% from $76.8M a quarter earlier.
Fund positioning in RFDA was balanced in Q1 2023: 1 fund opened new positions, 1 closed out, 7 added to existing stakes and 16 trimmed.
The largest buyer was Prospera Financial Services, adding an estimated $855K. The largest seller was Envestnet Asset Management, cutting an estimated $4.05M.
- 30 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q1 2023, down from 31 in Q4 2022.
- Funds reported $68.9M of ALPS Dynamic US Dividend Advantage ETF stock for Q1 2023, down 10% quarter-over-quarter.
- 1 fund opened new ALPS Dynamic US Dividend Advantage ETF positions in Q1 2023 and 1 closed out, a net change of 0 holders.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q1 2023 was Prospera Financial Services, an estimated $855K added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q1 2023 was Envestnet Asset Management, an estimated $4.05M sold.
Based on aggregated 13F filings for Q1 2023.