ALPS Dynamic US Dividend Advantage ETF
RFDA
23 hedge funds and large institutions have $61M invested in ALPS Dynamic US Dividend Advantage ETF in 2025 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 1 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 24 → 23 (-1)
18.21% less ownership
Funds ownership: 101.38% → 83.17% (-18%)
25% less capital invested
Capital invested by funds: $81.1M → $61M (-$20.1M)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$1.25M |
| 2 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$227K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$21.3K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$15.6K |
| 5 |
LBC
Leigh Baldwin & Co
Cazenovia,
New York
|
+$1.33K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$16.8M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$442K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$333K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$221K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$120K |
RFDA Hedge Fund Activity: Q1 2025 in Review
23 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q1 2025, worth a combined $61M — down 25% from $81.1M a quarter earlier.
Sellers outnumbered buyers: 1 fund closed out of RFDA and 0 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 7 added.
The largest buyer was Raymond James Financial, adding an estimated $1.25M. The largest seller was RiverFront Investment Group, cutting an estimated $16.8M.
- 23 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q1 2025, down from 24 in Q4 2024.
- Funds reported $61M of ALPS Dynamic US Dividend Advantage ETF stock for Q1 2025, down 25% quarter-over-quarter.
- 0 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q1 2025 and 1 closed out, a net change of -1 holder.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q1 2025 was Raymond James Financial, an estimated $1.25M added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q1 2025 was RiverFront Investment Group, an estimated $16.8M sold.
Based on aggregated 13F filings for Q1 2025.