ALPS Dynamic US Dividend Advantage ETF
RFDA
26 hedge funds and large institutions have $65.5M invested in ALPS Dynamic US Dividend Advantage ETF in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 15 reducing their positions, and 3 closing their positions.
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
3% less capital invested
Capital invested by funds: $67.2M → $65.5M (-$1.69M)
4% less funds holding
Funds holding: 27 → 26 (-1)
4.38% less ownership
Funds ownership: 91.3% → 86.92% (-4.4%)
67% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$272K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$98.2K |
| 3 |
RCM
Raleigh Capital Management
Cary,
North Carolina
|
+$53.4K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$33.1K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$20.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Koshinski Asset Management
Decatur,
Illinois
|
-$1.35M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$1.06M |
| 3 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$914K |
| 4 |
MSFS
Main Street Financial Solutions
Newtown,
Pennsylvania
|
-$796K |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$372K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wells Fargo
San Francisco,
California
| $44 | +$45 | +1 | New |
|
|
27
Citadel Advisors
Miami,
Florida
| – | -$1.06M | -24,261 | Closed |
|
|
MSFS
28
Main Street Financial Solutions
Newtown,
Pennsylvania
| – | -$796K | -18,177 | Closed |
|
|
FTUS
29
Flow Traders U.S.
New York
| – | -$372K | -8,500 | Closed |
|
RFDA Hedge Fund Activity: Q4 2023 in Review
26 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q4 2023, worth a combined $65.5M — down 2.5% from $67.2M a quarter earlier.
Fund positioning in RFDA was balanced in Q4 2023: 3 funds opened new positions, 3 closed out, 5 added to existing stakes and 15 trimmed.
The largest buyer was Prospera Financial Services, adding an estimated $272K. The largest seller was Koshinski Asset Management, cutting an estimated $1.35M.
- 26 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q4 2023, down from 27 in Q3 2023.
- Funds reported $65.5M of ALPS Dynamic US Dividend Advantage ETF stock for Q4 2023, down 2.5% quarter-over-quarter.
- 3 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q4 2023 and 3 closed out, a net change of 0 holders.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q4 2023 was Prospera Financial Services, an estimated $272K added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q4 2023 was Koshinski Asset Management, an estimated $1.35M sold.
Based on aggregated 13F filings for Q4 2023.