ALPS Dynamic US Dividend Advantage ETF
RFDA
25 hedge funds and large institutions have $82.9M invested in ALPS Dynamic US Dividend Advantage ETF in 2025 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 2 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.55% less ownership
Funds ownership: 101.98% → 99.43% (-2.5%)
7% less funds holding
Funds holding: 27 → 25 (-2)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
62% less capital inflows, than outflows
Capital inflows: $1.21M | Capital outflows: $3.17M
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prospera Financial Services
Dallas,
Texas
|
+$744K |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$323K |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
+$65.1K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$56.5K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$13.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Armis Advisers
Atlanta,
Georgia
|
-$1.8M |
| 2 |
RiverFront Investment Group
Richmond,
Virginia
|
-$334K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$241K |
| 4 |
ALPS Advisors
Denver,
Colorado
|
-$240K |
| 5 |
Stratos Wealth Partners
Beachwood,
Ohio
|
-$142K |
RFDA Hedge Fund Activity: Q3 2025 in Review
25 of the 7,647 institutional investors tracked by Wall St. Rank reported a position in ALPS Dynamic US Dividend Advantage ETF (RFDA) for Q3 2025, worth a combined $82.9M — up 5.9% from $78.3M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of RFDA and 0 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 8 added.
The largest buyer was Prospera Financial Services, adding an estimated $744K. The largest seller was Armis Advisers, exiting entirely with an estimated $1.8M sold.
- 25 institutional investors held ALPS Dynamic US Dividend Advantage ETF (RFDA) as of Q3 2025, down from 27 in Q2 2025.
- Funds reported $82.9M of ALPS Dynamic US Dividend Advantage ETF stock for Q3 2025, up 5.9% quarter-over-quarter.
- 0 funds opened new ALPS Dynamic US Dividend Advantage ETF positions in Q3 2025 and 2 closed out, a net change of -2 holders.
- The largest ALPS Dynamic US Dividend Advantage ETF buyer in Q3 2025 was Prospera Financial Services, an estimated $744K added.
- The largest ALPS Dynamic US Dividend Advantage ETF seller in Q3 2025 was Armis Advisers, an estimated $1.8M sold.
Based on aggregated 13F filings for Q3 2025.