First Trust Smith Unconstrained Bond ETF
UCON
22 hedge funds and large institutions have $119M invested in First Trust Smith Unconstrained Bond ETF in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 5 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
30% more capital invested
Capital invested by funds: $91.6M → $119M (+$27.6M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.22% less ownership
Funds ownership: 69.44% → 66.23% (-3.2%)
4% less funds holding
Funds holding: 23 → 22 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$24.6M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$14.6M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$3.56M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$801K |
| 5 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$599K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
-$6.86M |
| 2 |
LPL Financial
San Diego,
California
|
-$4.24M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$3.25M |
| 4 |
AW
ACG Wealth
Atlanta,
Georgia
|
-$2.85M |
| 5 |
DLHL
Donald L. Hagan LLC
Sarasota,
Florida
|
-$1.59M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
26
Next Financial Group
Houston,
Texas
| – | -$9K | -368 | Closed |
|
27
Wells Fargo
San Francisco,
California
| – | +$25 | +1 | New |
|
UCON Hedge Fund Activity: Q1 2019 in Review
22 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q1 2019, worth a combined $119M — up 30% from $91.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of UCON and 4 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 10 added.
The largest buyer was Cambridge Investment Research Advisors, adding an estimated $24.6M. The largest seller was MML Investors Services, cutting an estimated $6.86M.
- 22 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q1 2019, down from 23 in Q4 2018.
- Funds reported $119M of First Trust Smith Unconstrained Bond ETF stock for Q1 2019, up 30% quarter-over-quarter.
- 4 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q1 2019 and 5 closed out, a net change of -1 holder.
- The largest First Trust Smith Unconstrained Bond ETF buyer in Q1 2019 was Cambridge Investment Research Advisors, an estimated $24.6M added.
- The largest First Trust Smith Unconstrained Bond ETF seller in Q1 2019 was MML Investors Services, an estimated $6.86M sold.
Based on aggregated 13F filings for Q1 2019.