First Trust Smith Unconstrained Bond ETF
UCON
240 hedge funds and large institutions have $2.1B invested in First Trust Smith Unconstrained Bond ETF in 2024 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 130 increasing their positions, 58 reducing their positions, and 16 closing their positions.
163% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 16
124% more repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 58
13% more capital invested
Capital invested by funds: $1.86B → $2.1B (+$234M)
9% more funds holding
Funds holding: 220 → 240 (+20)
0.99% less ownership
Funds ownership: 84.77% → 83.78% (-0.99%)
9% less funds holding in top 10
Funds holding in top 10: 22 → 20 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$34.7M |
| 2 |
LPL Financial
San Diego,
California
|
+$26.8M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$23.9M |
| 4 |
MFA
Morling Financial Advisors
Fremont,
California
|
+$21.3M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$19.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$14.8M |
| 2 |
FHC
First Heartland Consultants
Lake St. Louis,
Missouri
|
-$11.7M |
| 3 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
-$10.2M |
| 4 |
APP
Avantax Planning Partners
Dubuque,
Iowa
|
-$5.28M |
| 5 |
FA
Fermata Advisors
Sonoma,
California
|
-$4.69M |
UCON Hedge Fund Activity: Q2 2024 in Review
240 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q2 2024, worth a combined $2.1B — up 13% from $1.86B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new UCON positions and 16 closed out — a net gain of 26 holders — while 130 added to existing stakes and 58 trimmed.
The largest buyer was HighTower Advisors, adding an estimated $34.7M. The largest seller was Financial Advocates Investment Management, exiting entirely with an estimated $14.8M sold.
- 240 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q2 2024, up from 220 in Q1 2024.
- Funds reported $2.1B of First Trust Smith Unconstrained Bond ETF stock for Q2 2024, up 13% quarter-over-quarter.
- 42 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q2 2024 and 16 closed out, a net change of +26 holders.
- The largest First Trust Smith Unconstrained Bond ETF buyer in Q2 2024 was HighTower Advisors, an estimated $34.7M added.
- The largest First Trust Smith Unconstrained Bond ETF seller in Q2 2024 was Financial Advocates Investment Management, an estimated $14.8M sold.
Based on aggregated 13F filings for Q2 2024.