First Trust Smith Unconstrained Bond ETF
UCON
220 hedge funds and large institutions have $1.86B invested in First Trust Smith Unconstrained Bond ETF in 2024 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 118 increasing their positions, 62 reducing their positions, and 15 closing their positions.
90% more repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 62
80% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 15
8% more capital invested
Capital invested by funds: $1.72B → $1.86B (+$141M)
4% more funds holding
Funds holding: 212 → 220 (+8)
8% less funds holding in top 10
Funds holding in top 10: 24 → 22 (-2)
8.64% less ownership
Funds ownership: 93.42% → 84.77% (-8.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$70.6M |
| 2 |
LPL Financial
San Diego,
California
|
+$25.5M |
| 3 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
+$25.1M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$15M |
| 5 |
APP
Avantax Planning Partners
Dubuque,
Iowa
|
+$14.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$93.2M |
| 2 |
TWM
Tolleson Wealth Management
Dallas,
Texas
|
-$19.8M |
| 3 |
SWA
Stratos Wealth Advisors
Beachwood,
Ohio
|
-$19.7M |
| 4 |
CFS
CGC Financial Services
Lake Oswego,
Oregon
|
-$13.4M |
| 5 |
OWA
Octavia Wealth Advisors
Cincinnati,
Ohio
|
-$11.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FFA
226
Fi3 Financial Advisors
Indianapolis,
Indiana
| – | -$692K | -27,984 | Closed |
|
227
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$681K | -27,512 | Closed |
|
|
HWA
228
HCR Wealth Advisors
Los Angeles,
California
| – | -$485K | -19,616 | Closed |
|
|
AWA
229
Arete Wealth Advisors
Chicago,
Illinois
| – | -$411K | -16,625 | Closed |
|
|
MFA
230
Millington Financial Advisors
Naperville,
Illinois
| – | -$202K | -8,181 | Closed |
|
|
RFG
231
REAP Financial Group
Austin,
Texas
| – | -$65.5K | -2,648 | Closed |
|
|
ODG
232
O'Dell Group
Cincinnati,
Ohio
| – | -$47.7K | -1,930 | Closed |
|
233
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$22.2K | -896 | Closed |
|
|
GI
234
Gradient Investments
Arden Hills,
Minnesota
| – | -$13.5K | -545 | Closed |
|
235
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$6.93K | -280 | Closed |
|
|
SIS
236
Sound Income Strategies
Ft Lauderdale,
Florida
| – | -$5.59K | -226 | Closed |
|
UCON Hedge Fund Activity: Q1 2024 in Review
220 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q1 2024, worth a combined $1.86B — up 8.2% from $1.72B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new UCON positions and 15 closed out — a net gain of 12 holders — while 118 added to existing stakes and 62 trimmed.
The largest buyer was UBS Group, adding an estimated $70.6M. The largest seller was Morgan Stanley, cutting an estimated $93.2M.
- 220 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q1 2024, up from 212 in Q4 2023.
- Funds reported $1.86B of First Trust Smith Unconstrained Bond ETF stock for Q1 2024, up 8.2% quarter-over-quarter.
- 27 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q1 2024 and 15 closed out, a net change of +12 holders.
- The largest First Trust Smith Unconstrained Bond ETF buyer in Q1 2024 was UBS Group, an estimated $70.6M added.
- The largest First Trust Smith Unconstrained Bond ETF seller in Q1 2024 was Morgan Stanley, an estimated $93.2M sold.
Based on aggregated 13F filings for Q1 2024.