ALPS Dynamic US Dividend Advantage ETF
RFDA
18 hedge funds and large institutions have $108M invested in ALPS Dynamic US Dividend Advantage ETF in 2019 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 4 reducing their positions, and 3 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 4
0.26% less ownership
Funds ownership: 83.71% → 83.45% (-0.26%)
4% less capital invested
Capital invested by funds: $112M → $108M (-$4.21M)
5% less funds holding
Funds holding: 19 → 18 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
+$4.94M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$561K |
| 3 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$455K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$263K |
| 5 |
HH
Hilltop Holdings
Dallas,
Texas
|
+$243K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$10.6M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$1.01M |
| 3 |
Jane Street
New York
|
-$905K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$261K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
-$15K |
RFDA Hedge Fund Activity: Q3 2019 in Review
18 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q3 2019, worth a combined $108M — down 3.8% from $112M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RFDA and 2 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 10 added.
The largest buyer was RiverFront Investment Group, adding an estimated $4.94M. The largest seller was BB&T Securities, cutting an estimated $10.6M.
- 18 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q3 2019, down from 19 in Q2 2019.
- Funds reported $108M of ALPS Dynamic US Dividend Advantage ETF stock for Q3 2019, down 3.8% quarter-over-quarter.
- 2 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q3 2019 and 3 closed out, a net change of -1 holder.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q3 2019 was RiverFront Investment Group, an estimated $4.94M added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q3 2019 was BB&T Securities, an estimated $10.6M sold.
Based on aggregated 13F filings for Q3 2019.