ALPS Dynamic US Dividend Advantage ETF
RFDA
24 hedge funds and large institutions have $69.4M invested in ALPS Dynamic US Dividend Advantage ETF in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 5 closing their positions.
6% more capital invested
Capital invested by funds: $65.5M → $69.4M (+$3.93M)
2.44% more ownership
Funds ownership: 86.92% → 89.36% (+2.4%)
8% less funds holding
Funds holding: 26 → 24 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
54% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Koshinski Asset Management
Decatur,
Illinois
|
+$1.12M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$559K |
| 3 |
Jane Street
New York
|
+$391K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$324K |
| 5 |
CWA
Continuum Wealth Advisors
Saratoga Springs,
New York
|
+$298K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$841K |
| 2 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$647K |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
-$317K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$313K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$293K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$841K | -17,645 | Closed |
|
|
27
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$313K | -6,576 | Closed |
|
|
RCM
28
Raleigh Capital Management
Cary,
North Carolina
| – | -$292K | -6,134 | Closed |
|
29
Fidelity Investments
Boston,
Massachusetts
| – | -$763 | -16 | Closed |
|
RFDA Hedge Fund Activity: Q1 2024 in Review
24 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q1 2024, worth a combined $69.4M — up 6% from $65.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of RFDA and 3 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 6 added.
The largest buyer was Koshinski Asset Management, adding an estimated $1.12M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $841K sold.
- 24 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q1 2024, down from 26 in Q4 2023.
- Funds reported $69.4M of ALPS Dynamic US Dividend Advantage ETF stock for Q1 2024, up 6% quarter-over-quarter.
- 3 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q1 2024 and 5 closed out, a net change of -2 holders.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q1 2024 was Koshinski Asset Management, an estimated $1.12M added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q1 2024 was Susquehanna International Group, an estimated $841K sold.
Based on aggregated 13F filings for Q1 2024.