ALPS Dynamic US Dividend Advantage ETF
RFDA
27 hedge funds and large institutions have $78.3M invested in ALPS Dynamic US Dividend Advantage ETF in 2025 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 0 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
28% more capital invested
Capital invested by funds: $61M → $78.3M (+$17.4M)
18.81% more ownership
Funds ownership: 83.17% → 101.98% (+19%)
17% more funds holding
Funds holding: 23 → 27 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
ALPS Advisors
Denver,
Colorado
|
+$12.4M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$184K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$54.6K |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$37.8K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$33K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$1.19M |
| 2 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$401K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$246K |
| 4 |
RPGNY
Retirement Planning Group (New York)
Malta,
New York
|
-$66.5K |
| 5 |
AA
Armis Advisers
Atlanta,
Georgia
|
-$39.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LC
26
Luminist Capital
Grand Rapids,
Michigan
| $2.26K | – | – | – |
|
27
Wells Fargo
San Francisco,
California
| $43 | – | – | – |
|
RFDA Hedge Fund Activity: Q2 2025 in Review
27 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q2 2025, worth a combined $78.3M — up 28% from $61M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new RFDA positions and 0 closed out — a net gain of 4 holders — while 9 added to existing stakes and 7 trimmed.
The largest buyer was ALPS Advisors, opening a new position worth an estimated $12.4M. The largest seller was Prospera Financial Services, cutting an estimated $1.19M.
- 27 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q2 2025, up from 23 in Q1 2025.
- Funds reported $78.3M of ALPS Dynamic US Dividend Advantage ETF stock for Q2 2025, up 28% quarter-over-quarter.
- 4 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q2 2025 and 0 closed out, a net change of +4 holders.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q2 2025 was ALPS Advisors, an estimated $12.4M added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q2 2025 was Prospera Financial Services, an estimated $1.19M sold.
Based on aggregated 13F filings for Q2 2025.