ALPS Strategic Income Fund
RIGS
30 hedge funds and large institutions have $252M invested in ALPS Strategic Income Fund in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
7% more funds holding
Funds holding: 28 → 30 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.16% less ownership
Funds ownership: 88.97% → 85.81% (-3.2%)
13% less capital invested
Capital invested by funds: $291M → $252M (-$38.8M)
33% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLA
Good Life Advisors
Reading,
Pennsylvania
|
+$2.29M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$855K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$718K |
| 4 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$488K |
| 5 |
Koshinski Asset Management
Decatur,
Illinois
|
+$419K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIG
RiverFront Investment Group
Richmond,
Virginia
|
-$28.7M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$6.5M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$3.67M |
| 4 |
Morgan Stanley
New York
|
-$1.68M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.44M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $39K | -$3.32K | -132 | -8% |
|
|
HI
27
Hudock Inc
Williamsport,
Pennsylvania
| $37K | -$5.21K | -207 | -12% |
|
|
IA
28
IFP Advisors
Tampa,
Florida
| $24K | -$37.8K | -1,500 | -62% |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $1K | +$1.36K | +54 | New |
|
30
US Bancorp
Minneapolis,
Minnesota
| – | -$10K | -394 | Closed |
|
RIGS Hedge Fund Activity: Q1 2017 in Review
30 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in ALPS Strategic Income Fund (RIGS) for Q1 2017, worth a combined $252M — down 13% from $291M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new RIGS positions and 1 closed out — a net gain of 3 holders — while 10 added to existing stakes and 15 trimmed.
The largest buyer was Good Life Advisors, opening a new position worth an estimated $2.29M. The largest seller was RiverFront Investment Group, cutting an estimated $28.7M.
- 30 institutional investors held ALPS Strategic Income Fund (RIGS) as of Q1 2017, up from 28 in Q4 2016.
- Funds reported $252M of ALPS Strategic Income Fund stock for Q1 2017, down 13% quarter-over-quarter.
- 4 funds opened new ALPS Strategic Income Fund positions in Q1 2017 and 1 closed out, a net change of +3 holders.
- The largest ALPS Strategic Income Fund buyer in Q1 2017 was Good Life Advisors, an estimated $2.29M added.
- The largest ALPS Strategic Income Fund seller in Q1 2017 was RiverFront Investment Group, an estimated $28.7M sold.
Based on aggregated 13F filings for Q1 2017.