ALPS Dynamic US Dividend Advantage ETF
RFDA
21 hedge funds and large institutions have $105M invested in ALPS Dynamic US Dividend Advantage ETF in 2022 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 3 closing their positions.
6.57% less ownership
Funds ownership: 107.45% → 100.88% (-6.6%)
9% less funds holding
Funds holding: 23 → 21 (-2)
15% less capital invested
Capital invested by funds: $123M → $105M (-$18.4M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.63M |
| 2 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$742K |
| 3 |
Koshinski Asset Management
Decatur,
Illinois
|
+$460K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$459K |
| 5 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
+$344K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.54M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$1.05M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$893K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$665K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$594K |
RFDA Hedge Fund Activity: Q2 2022 in Review
21 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q2 2022, worth a combined $105M — down 15% from $123M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of RFDA and 2 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 6 added.
The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $1.63M. The largest seller was Envestnet Asset Management, cutting an estimated $1.54M.
- 21 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q2 2022, down from 23 in Q1 2022.
- Funds reported $105M of ALPS Dynamic US Dividend Advantage ETF stock for Q2 2022, down 15% quarter-over-quarter.
- 2 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q2 2022 and 3 closed out, a net change of -1 holder.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q2 2022 was Janney Montgomery Scott, an estimated $1.63M added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q2 2022 was Envestnet Asset Management, an estimated $1.54M sold.
Based on aggregated 13F filings for Q2 2022.