ALPS Dynamic US Dividend Advantage ETF
RFDA
8 hedge funds and large institutions have $10.4M invested in ALPS Dynamic US Dividend Advantage ETF in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
213% more capital invested
Capital invested by funds: $3.32M → $10.4M (+$7.08M)
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
60% more funds holding
Funds holding: 5 → 8 (+3)
12.6% more ownership
Funds ownership: 42.6% → 55.2% (+13%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
+$2.91M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$2.41M |
| 3 |
Jane Street
New York
|
+$755K |
| 4 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$373K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$279K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$7K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$210 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RIG
1
RiverFront Investment Group
Richmond,
Virginia
| $3.92M | +$2.91M | +110,856 | +323% |
|
|
2
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| $3.38M | +$2.41M | +91,973 | +278% |
|
|
3
Royal Bank of Canada
Toronto,
Ontario, Canada
| $865K | -$210 | -8 | -0% |
|
|
4
Jane Street
New York
| $776K | +$755K | +28,757 | New |
|
|
BTS
5
BB&T Securities
Richmond,
Virginia
| $729K | – | – | – |
|
|
PFS
6
Prospera Financial Services
Dallas,
Texas
| $385K | +$373K | +14,225 | New |
|
|
VKH
7
Virtu KCG Holdings
New York
| $287K | +$279K | +10,623 | New |
|
|
BTIS
8
BB&T Investment Services
Charlotte,
North Carolina
| $66K | +$65.5K | +2,495 | New |
|
|
9
UBS Group
Zurich,
Switzerland
| – | -$7K | -288 | Closed |
|
RFDA Hedge Fund Activity: Q4 2016 in Review
8 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q4 2016, worth a combined $10.4M — up 213% from $3.32M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new RFDA positions and 1 closed out — a net gain of 3 holders — while 2 added to existing stakes and 1 trimmed.
The largest buyer was RiverFront Investment Group, adding an estimated $2.91M. The largest seller was UBS Group, exiting entirely with an estimated $7K sold.
- 8 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q4 2016, up from 5 in Q3 2016.
- Funds reported $10.4M of ALPS Dynamic US Dividend Advantage ETF stock for Q4 2016, up 213% quarter-over-quarter.
- 4 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q4 2016 and 1 closed out, a net change of +3 holders.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q4 2016 was RiverFront Investment Group, an estimated $2.91M added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q4 2016 was UBS Group, an estimated $7K sold.
Based on aggregated 13F filings for Q4 2016.