ALPS Dynamic US Dividend Advantage ETF
RFDA
21 hedge funds and large institutions have $121M invested in ALPS Dynamic US Dividend Advantage ETF in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
31% more funds holding
Funds holding: 16 → 21 (+5)
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
14% more capital invested
Capital invested by funds: $106M → $121M (+$14.9M)
6.37% more ownership
Funds ownership: 79.54% → 85.91% (+6.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.99M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.77M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.43M |
| 4 |
Jane Street
New York
|
+$340K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$186K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$3.63M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.46M |
| 3 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$2.01M |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$1.52M |
| 5 |
MOS
MGO One Seven
Beachwood,
Ohio
|
-$98K |
RFDA Hedge Fund Activity: Q1 2019 in Review
21 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q1 2019, worth a combined $121M — up 14% from $106M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new RFDA positions and 2 closed out — a net gain of 5 holders — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $3.99M. The largest seller was RiverFront Investment Group, cutting an estimated $3.63M.
- 21 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q1 2019, up from 16 in Q4 2018.
- Funds reported $121M of ALPS Dynamic US Dividend Advantage ETF stock for Q1 2019, up 14% quarter-over-quarter.
- 7 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q1 2019 and 2 closed out, a net change of +5 holders.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q1 2019 was Envestnet Asset Management, an estimated $3.99M added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q1 2019 was RiverFront Investment Group, an estimated $3.63M sold.
Based on aggregated 13F filings for Q1 2019.