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ALPS Dynamic US Dividend Advantage ETF
RFDA

13 hedge funds and large institutions have $47M invested in ALPS Dynamic US Dividend Advantage ETF in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 1 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

800% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 1

41% more capital invested

Capital invested by funds: $33.2M → $47M (+$13.8M)

30% more funds holding

Funds holding: 10 → 13 (+3)

5.51% more ownership

Funds ownership: 86.62% → 92.13% (+5.5%)

Holders
13
Holders Change
+3
Holders Change %
+30%
% of All Funds
0.32%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
3
Increased
9
Reduced
1
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$4.74M
2
BTS
BB&T Securities
Virginia
+$4.29M
3
Koshinski Asset Management
Koshinski Asset Management
Illinois
+$3.02M
4
RIG
RiverFront Investment Group
Virginia
+$1.53M
5
VF
Virtu Financial
New York
+$694K

Top Sellers

Rank Fund Capital Flow
1
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$4.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
BTS
1
BB&T Securities
Virginia
$22.9M +$4.29M +148,429 +24%
RIG
2
RiverFront Investment Group
Virginia
$7.13M +$1.53M +52,743 +29%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$5.69M +$4.74M +163,934 +639%
Koshinski Asset Management
4
Koshinski Asset Management
Illinois
$3.13M +$3.02M +104,286 New
PFS
5
Prospera Financial Services
Texas
$2.87M +$506K +17,507 +23%
BTIS
6
BB&T Investment Services
North Carolina
$1.58M +$274K +9,477 +22%
Janney Montgomery Scott
7
Janney Montgomery Scott
Pennsylvania
$827K -$4.84M -167,295 -86%
RJA
8
Raymond James & Associates
Florida
$791K +$432K +14,945 +131%
VF
9
Virtu Financial
New York
$720K +$694K +23,988 New
SWP
10
Stratos Wealth Partners
Ohio
$400K +$386K +13,326 New
NA
11
NewEdge Advisors
Louisiana
$377K +$237K +8,180 +190%
AG
12
Advisor Group
Arizona
$338K +$201K +6,948 +161%
BFEC
13
Benjamin F. Edwards & Company
Missouri
$302K +$11.7K +405 +4%

RFDA Hedge Fund Activity: Q3 2017 in Review

13 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q3 2017, worth a combined $47M — up 41% from $33.2M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new RFDA positions and 0 closed out — a net gain of 3 holders — while 9 added to existing stakes and 1 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $4.74M. The largest seller was Janney Montgomery Scott, cutting an estimated $4.84M.

  • 13 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q3 2017, up from 10 in Q2 2017.
  • Funds reported $47M of ALPS Dynamic US Dividend Advantage ETF stock for Q3 2017, up 41% quarter-over-quarter.
  • 3 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q3 2017 and 0 closed out, a net change of +3 holders.
  • The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q3 2017 was Royal Bank of Canada, an estimated $4.74M added.
  • The largest ALPS Dynamic US Dividend Advantage ETF seller in Q3 2017 was Janney Montgomery Scott, an estimated $4.84M sold.

Based on aggregated 13F filings for Q3 2017.