AAM S&P 500 High Dividend Value

SPDV • ARCA

AAM S&P 500 High Dividend Value is an exchange-traded fund on ARCA. As of Q3 2025, 28 institutional investors hold shares in this ETF, with total holdings valued at $36.5M. Advisor Group Holdings, Inc. is the largest holder with a position valued at $10.3M.

Overview

Overview of institutional ownership in SPDV as of Q3 2025

All Institutions

Institutions: 28
Value Held: $36.5M
Shares Held: 1.1M
Avg Position: $1.3M
Median Position: $447.3K

Hedge Funds

Hedge Funds: 0
Value Held: -
Shares Held: -
Avg Position: -
Median Position: -

Biggest Investors

Institutions with the largest positions in SPDV as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
A Advisor Group Holdings, Inc. Institution	-	$10.3M 0.01% of portfolio	297.2K shares	Q4 2022 Held for 2y 11m	$71.0B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$6.5M 0.01% of portfolio	187.4K shares	Q1 2024 Held for 1y 8m	$85.4B
L LPL Financial LLC Institution	-	$5.6M 0.00% of portfolio	161.4K shares	Q4 2022 Held for 2y 11m	$340.07B
Financial Advocates Investment Management RIA/Wealth	Angela Elaine Vlach CEO	$2.8M 1.57% of portfolio	79.7K shares	Q4 2022 Held for 2y 11m	$176.6M
J JANE STREET GROUP, LLC Institution	-	$1.9M 0.00% of portfolio	54.6K shares	Q3 2025 Held for 2 months	$84.1B
Ameritas Advisory Services, LLC RIA/Wealth	Richard Aaron Berthold President	$1.2M 0.08% of portfolio	35.3K shares	Q4 2022 Held for 2y 11m	$1.5B
Aviance Capital Partners, LLC RIA/Wealth	Jack David Brown Managing Partner	$1.1M 0.13% of portfolio	31.7K shares	Q4 2023 Held for 1y 11m	$842.1M
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	-	$814.5K 0.00% of portfolio	23.4K shares	Q4 2023 Held for 1y 11m	$67.9B
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	James Fielding Miller CEO	$766.6K 0.00% of portfolio	22.1K shares	Q4 2022 Held for 2y 11m	$48.9B
W WETHERBY ASSET MANAGEMENT INC RIA/Wealth	Robert Scott Redmond President	$694.7K 0.03% of portfolio	20.0K shares	Q2 2025 Held for 5 months	$2.4B

Net Capital Flow

Institutional buying and selling activity for SPDV in Q3 2025

Traded: +$3.5M
Buyers: 15
Sellers: 9
Total Bought: +$4.2M
Total Sold: −$778.1K
Avg Position: $1.3M

Biggest Buyers

Institution	Net Bought	Current Position
J JANE STREET GROUP, LLC Institution	+$1.9M +54.6K shares	$1.9M 54.6K shares
Cetera Investment Advisers RIA/Wealth	+$504.5K +14.5K shares	$6.5M 187.4K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$438.4K +12.6K shares	$814.5K 23.4K shares
L LPL Financial LLC Institution	+$359.3K +10.3K shares	$5.6M 161.4K shares
W WETHERBY ASSET MANAGEMENT INC RIA/Wealth	+$347.3K +10.0K shares	$694.7K 20.0K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$273.3K +7.9K shares	$273.3K 7.9K shares
P PFG Investments, LLC Institution	+$257.4K +7.4K shares	$257.4K 7.4K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$88.2K +2.5K shares	$458.3K 13.2K shares
S STIFEL FINANCIAL CORP Long Only Manager	+$38.2K +1.1K shares	$672.1K 19.4K shares
Strait & Sound Wealth Management LLC RIA/Wealth	+$24.5K +706.0 shares	$351.6K 10.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
A Advisor Group Holdings, Inc. Institution	−$451.4K −13.0K shares	$10.3M 297.2K shares
KESTRA PRIVATE WEALTH SERVICES, LLC RIA/Wealth	−$153.1K −4.4K shares	$436.3K 12.6K shares
Ameritas Advisory Services, LLC RIA/Wealth	−$72.9K −2.1K shares	$1.2M 35.3K shares
HighTower Advisors, LLC RIA/Wealth	−$53.8K −1.6K shares	$526.2K 15.2K shares
Financial Advocates Investment Management RIA/Wealth	−$36.5K −1.1K shares	$2.8M 79.7K shares
Key Client Fiduciary Advisors, LLC RIA/Wealth	−$4.7K −134.0 shares	$582.1K 16.8K shares
Sound Income Strategies, LLC RIA/Wealth	−$4.1K −125.0 shares	Sold Off 0 shares
Aviance Capital Partners, LLC RIA/Wealth	−$1.2K −35.0 shares	$1.1M 31.7K shares
MORGAN STANLEY RIA/Wealth	−$486.3 −14.0 shares	$234.5K 6.8K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited SPDV in Q3 2025

New Positions: 2
New Value: $530.6K
Exited Positions: 1
Exited Value: $4.1K

New Positions

Institution	Position Value
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	$273.3K 7.9K shares
P PFG Investments, LLC Institution	$257.4K 7.4K shares

Exited Positions

Institution	Previous Position
Sound Income Strategies, LLC RIA/Wealth	$4.1K 125.0 shares

Options Activity

Institutions with the largest Call and Put options positions in SPDV as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with SPDV as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Financial Advocates Investment Management RIA/Wealth	Angela Elaine Vlach CEO	1.57% $2.8M	79.7K shares	Q4 2022 Held for 2y 11m	$176.6M
Key Client Fiduciary Advisors, LLC RIA/Wealth	Richard Anthony Flora Member	0.20% $582.1K	16.8K shares	Q4 2022 Held for 2y 11m	$294.6M
Strait & Sound Wealth Management LLC RIA/Wealth	Todd Alan Sixt CEO	0.13% $351.6K	10.1K shares	Q4 2022 Held for 2y 11m	$260.6M
Aviance Capital Partners, LLC RIA/Wealth	Jack David Brown Managing Partner	0.13% $1.1M	31.7K shares	Q4 2023 Held for 1y 11m	$842.1M
Ameritas Advisory Services, LLC RIA/Wealth	Richard Aaron Berthold President	0.08% $1.2M	35.3K shares	Q4 2022 Held for 2y 11m	$1.5B
W WETHERBY ASSET MANAGEMENT INC RIA/Wealth	Robert Scott Redmond President	0.03% $694.7K	20.0K shares	Q2 2025 Held for 5 months	$2.4B
A Advisor Group Holdings, Inc. Institution	-	0.01% $10.3M	297.2K shares	Q4 2022 Held for 2y 11m	$71.0B
P PFG Investments, LLC Institution	-	0.01% $257.4K	7.4K shares	Q3 2025 Held for 2 months	$1.9B
Baker Avenue Asset Management, LP RIA/Wealth	Simon Gareth Baker CEO	0.01% $347.3K	10.0K shares	Q2 2025 Held for 5 months	$4.2B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	0.01% $6.5M	187.4K shares	Q1 2024 Held for 1y 8m	$85.4B