First Trust Smith Unconstrained Bond ETF
UCON
32 hedge funds and large institutions have $124M invested in First Trust Smith Unconstrained Bond ETF in 2019 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 9 reducing their positions, and 3 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 9
0% more funds holding
Funds holding: 32 → 32 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
16.62% less ownership
Funds ownership: 72.93% → 56.31% (-17%)
17% less capital invested
Capital invested by funds: $150M → $124M (-$26.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AG
Advisor Group
Phoenix,
Arizona
|
+$17.6M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$10.2M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$6.21M |
| 4 |
LPL Financial
San Diego,
California
|
+$2.07M |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$1.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$23.9M |
| 2 |
LI
LVZ Inc
Holland,
Michigan
|
-$22.8M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$11.8M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$5M |
| 5 |
Jane Street
New York
|
-$3.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCI
26
Brinker Capital Investments
Berwyn,
Pennsylvania
| $160K | – | – | – |
|
|
GWM
27
Geneos Wealth Management
Englewood,
Colorado
| $152K | – | – | – |
|
|
IA
28
IFP Advisors
Tampa,
Florida
| $26K | +$25.8K | +1,000 | New |
|
29
Morgan Stanley
New York
| $18K | +$12.4K | +480 | +224% |
|
|
CFD
30
Creative Financial Designs
Kokomo,
Indiana
| $11K | +$10.5K | +408 | New |
|
|
31
Citadel Advisors
Miami,
Florida
| – | -$11.8M | -457,265 | Closed |
|
|
TSS
32
Two Sigma Securities
New York
| – | -$223K | -8,653 | Closed |
|
|
CWA
33
Clarus Wealth Advisors
Peoria,
Arizona
| – | -$8K | -319 | Closed |
|
34
Wells Fargo
San Francisco,
California
| – | +$26 | +1 | +100% |
|
35
Fidelity Investments
Boston,
Massachusetts
| – | +$52 | +2 | New |
|
UCON Hedge Fund Activity: Q3 2019 in Review
32 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q3 2019, worth a combined $124M — down 17% from $150M a quarter earlier.
Fund positioning in UCON was balanced in Q3 2019: 3 funds opened new positions, 3 closed out, 18 added to existing stakes and 9 trimmed.
The largest buyer was Advisor Group, adding an estimated $17.6M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $23.9M.
- 32 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q3 2019, unchanged from Q2 2019.
- Funds reported $124M of First Trust Smith Unconstrained Bond ETF stock for Q3 2019, down 17% quarter-over-quarter.
- 3 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q3 2019 and 3 closed out, a net change of 0 holders.
- The largest First Trust Smith Unconstrained Bond ETF buyer in Q3 2019 was Advisor Group, an estimated $17.6M added.
- The largest First Trust Smith Unconstrained Bond ETF seller in Q3 2019 was Cambridge Investment Research Advisors, an estimated $23.9M sold.
Based on aggregated 13F filings for Q3 2019.