ALPS Dynamic US Dividend Advantage ETF
RFDA
26 hedge funds and large institutions have $85.8M invested in ALPS Dynamic US Dividend Advantage ETF in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
4% more funds holding
Funds holding: 25 → 26 (+1)
2.23% more ownership
Funds ownership: 99.43% → 101.66% (+2.2%)
3% more capital invested
Capital invested by funds: $82.9M → $85.8M (+$2.88M)
54% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Armis Advisers
Atlanta,
Georgia
|
+$1.81M |
| 2 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$667K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$589K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$150K |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$95.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
-$416K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$399K |
| 3 |
AA
ALPS Advisors
Denver,
Colorado
|
-$341K |
| 4 |
RPGNY
Retirement Planning Group (New York)
Malta,
New York
|
-$86.8K |
| 5 |
Two Sigma Investments
New York
|
-$75.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LC
26
Luminist Capital
Grand Rapids,
Michigan
| $2.49K | – | – | – |
|
27
Wells Fargo
San Francisco,
California
| $24 | -$63 | -1 | Closed |
|
RFDA Hedge Fund Activity: Q4 2025 in Review
26 of the 8,228 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q4 2025, worth a combined $85.8M — up 3.5% from $82.9M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new RFDA positions and 1 closed out — a net gain of 1 holder — while 6 added to existing stakes and 13 trimmed.
The largest buyer was Armis Advisers, opening a new position worth an estimated $1.81M. The largest seller was Truist Financial, cutting an estimated $416K.
- 26 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q4 2025, up from 25 in Q3 2025.
- Funds reported $85.8M of ALPS Dynamic US Dividend Advantage ETF stock for Q4 2025, up 3.5% quarter-over-quarter.
- 2 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q4 2025 and 1 closed out, a net change of +1 holder.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q4 2025 was Armis Advisers, an estimated $1.81M added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q4 2025 was Truist Financial, an estimated $416K sold.
Based on aggregated 13F filings for Q4 2025.