ALPS Dynamic US Dividend Advantage ETF
RFDA
20 hedge funds and large institutions have $132M invested in ALPS Dynamic US Dividend Advantage ETF in 2021 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 14 reducing their positions, and 0 closing their positions.
15.55% more ownership
Funds ownership: 91.28% → 106.83% (+16%)
8% more capital invested
Capital invested by funds: $122M → $132M (+$10.2M)
5% more funds holding
Funds holding: 19 → 20 (+1)
79% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$15.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$1.65M |
| 3 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$11.5K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$39 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$9.27M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.3M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
-$848K |
| 4 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$755K |
| 5 |
T
TRUADVICE
Sarasota,
Florida
|
-$672K |
RFDA Hedge Fund Activity: Q1 2021 in Review
20 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q1 2021, worth a combined $132M — up 8.3% from $122M a quarter earlier.
Buyers outnumbered sellers: 1 fund opened new RFDA positions and 0 closed out — a net gain of 1 holder — while 3 added to existing stakes and 14 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $15.5M. The largest seller was RiverFront Investment Group, cutting an estimated $9.27M.
- 20 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q1 2021, up from 19 in Q4 2020.
- Funds reported $132M of ALPS Dynamic US Dividend Advantage ETF stock for Q1 2021, up 8.3% quarter-over-quarter.
- 1 fund opened new ALPS Dynamic US Dividend Advantage ETF positions in Q1 2021 and 0 closed out, a net change of +1 holder.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q1 2021 was Envestnet Asset Management, an estimated $15.5M added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q1 2021 was RiverFront Investment Group, an estimated $9.27M sold.
Based on aggregated 13F filings for Q1 2021.