ALPS Dynamic US Dividend Advantage ETF
RFDA
27 hedge funds and large institutions have $67.2M invested in ALPS Dynamic US Dividend Advantage ETF in 2023 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 7 increasing their positions, 14 reducing their positions, and 2 closing their positions.
1.2% more ownership
Funds ownership: 90.1% → 91.3% (+1.2%)
2% less capital invested
Capital invested by funds: $68.6M → $67.2M (-$1.41M)
7% less funds holding
Funds holding: 29 → 27 (-2)
50% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 14
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$4.08M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$860K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$324K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$168K |
| 5 |
JP Morgan Chase
New York
|
+$89.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$1.18M |
| 2 |
T
TRUADVICE
Sarasota,
Florida
|
-$542K |
| 3 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$437K |
| 4 |
ECA
Elevated Capital Advisors
Sandy,
Utah
|
-$351K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$218K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Morgan Stanley
New York
| $19.9K | +$12.3K | +269 | +145% |
|
27
UBS Group
Zurich,
Switzerland
| $8.93K | -$2.47K | -54 | -21% |
|
28
Wells Fargo
San Francisco,
California
| $21 | -$70.1K | -1,531 | Closed |
|
|
HH
29
Hilltop Holdings
Dallas,
Texas
| – | -$1.18M | -25,605 | Closed |
|
RFDA Hedge Fund Activity: Q3 2023 in Review
27 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q3 2023, worth a combined $67.2M — down 2.1% from $68.6M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of RFDA and 0 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 7 added.
The largest buyer was Prospera Financial Services, adding an estimated $4.08M. The largest seller was Hilltop Holdings, exiting entirely with an estimated $1.18M sold.
- 27 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q3 2023, down from 29 in Q2 2023.
- Funds reported $67.2M of ALPS Dynamic US Dividend Advantage ETF stock for Q3 2023, down 2.1% quarter-over-quarter.
- 0 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q3 2023 and 2 closed out, a net change of -2 holders.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q3 2023 was Prospera Financial Services, an estimated $4.08M added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q3 2023 was Hilltop Holdings, an estimated $1.18M sold.
Based on aggregated 13F filings for Q3 2023.