ALPS Dynamic US Dividend Advantage ETF
RFDA
16 hedge funds and large institutions have $77.9M invested in ALPS Dynamic US Dividend Advantage ETF in 2020 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 3 closing their positions.
3.64% less ownership
Funds ownership: 86.97% → 83.33% (-3.6%)
16% less funds holding
Funds holding: 19 → 16 (-3)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
34% less capital invested
Capital invested by funds: $117M → $77.9M (-$39.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$965K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$757K |
| 3 |
HH
Hilltop Holdings
Dallas,
Texas
|
+$104K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$70.1K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$13.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$6.99M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
-$3.07M |
| 3 |
Jane Street
New York
|
-$1.44M |
| 4 |
Koshinski Asset Management
Decatur,
Illinois
|
-$1.22M |
| 5 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$1.18M |
RFDA Hedge Fund Activity: Q1 2020 in Review
16 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q1 2020, worth a combined $77.9M — down 34% from $117M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RFDA and 2 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 6 added.
The largest buyer was Citadel Advisors, adding an estimated $965K. The largest seller was RiverFront Investment Group, cutting an estimated $6.99M.
- 16 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q1 2020, down from 19 in Q4 2019.
- Funds reported $77.9M of ALPS Dynamic US Dividend Advantage ETF stock for Q1 2020, down 34% quarter-over-quarter.
- 2 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q1 2020 and 3 closed out, a net change of -1 holder.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q1 2020 was Citadel Advisors, an estimated $965K added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q1 2020 was RiverFront Investment Group, an estimated $6.99M sold.
Based on aggregated 13F filings for Q1 2020.