ALPS Dynamic US Dividend Advantage ETF
RFDA
19 hedge funds and large institutions have $112M invested in ALPS Dynamic US Dividend Advantage ETF in 2019 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 11 reducing their positions, and 2 closing their positions.
2.2% less ownership
Funds ownership: 85.91% → 83.71% (-2.2%)
7% less capital invested
Capital invested by funds: $121M → $112M (-$9M)
10% less funds holding
Funds holding: 21 → 19 (-2)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
73% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 11
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$5.08M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.03M |
| 3 |
Jane Street
New York
|
+$547K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$227K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Koshinski Asset Management
Decatur,
Illinois
|
-$5.6M |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$2.81M |
| 3 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$2.7M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.02M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$902K |
RFDA Hedge Fund Activity: Q2 2019 in Review
19 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q2 2019, worth a combined $112M — down 7.4% from $121M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of RFDA and 1 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 3 added.
The largest buyer was Prospera Financial Services, opening a new position worth an estimated $5.08M. The largest seller was Koshinski Asset Management, exiting entirely with an estimated $5.6M sold.
- 19 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q2 2019, down from 21 in Q1 2019.
- Funds reported $112M of ALPS Dynamic US Dividend Advantage ETF stock for Q2 2019, down 7.4% quarter-over-quarter.
- 1 fund opened new ALPS Dynamic US Dividend Advantage ETF positions in Q2 2019 and 2 closed out, a net change of -1 holder.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q2 2019 was Prospera Financial Services, an estimated $5.08M added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q2 2019 was Koshinski Asset Management, an estimated $5.6M sold.
Based on aggregated 13F filings for Q2 2019.