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First Trust Smith Unconstrained Bond ETF
UCON

41 hedge funds and large institutions have $150M invested in First Trust Smith Unconstrained Bond ETF in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 10 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 10

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

9% more capital invested

Capital invested by funds: $137M → $150M (+$12.9M)

3.64% less ownership

Funds ownership: 73.14% → 69.5% (-3.6%)

5% less funds holding

Funds holding: 43 → 41 (-2)

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

Holders
41
Holders Change
-2
Holders Change %
-4.65%
% of All Funds
0.83%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.1%
New
6
Increased
19
Reduced
10
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DWM
Darwin Wealth Management
Florida
+$5.64M
2
LPL Financial
LPL Financial
California
+$2.05M
3
CFD
Creative Financial Designs
Indiana
+$1.37M
4
QAM
Q3 Asset Management
Michigan
+$1.06M
5
HighTower Advisors
HighTower Advisors
Illinois
+$996K

Top Sellers

Rank Fund Capital Flow
1
PFS
Prospera Financial Services
Texas
-$1.58M
2
AI
Atria Investments
North Carolina
-$709K
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$499K
4
Jane Street
Jane Street
New York
-$477K
5
Citadel Advisors
Citadel Advisors
Florida
-$416K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPC
26
Sigma Planning Corp
Michigan
$446K -$43.8K -1,672 -9%
BCI
27
Brinker Capital Investments
Pennsylvania
$426K – – –
LI
28
LVZ Inc
Michigan
$419K +$119K +4,542 +40%
HT
29
HighTower Trust
Texas
$396K +$49.7K +1,900 +14%
CA
30
Claro Advisors
Massachusetts
$369K – – –
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$345K +$65.8K +2,514 +24%
SWP
32
Stratos Wealth Partners
Ohio
$305K – – –
KAS
33
Kestra Advisory Services
Texas
$282K +$281K +10,740 New
GWM
34
Geneos Wealth Management
Colorado
$244K +$81.1K +3,100 +49%
TPWA
35
TRUE Private Wealth Advisors
Oregon
$121K +$576 +22 +0.5%
IWP
36
IAG Wealth Partners
Wisconsin
$115K -$39.3K -1,500 -26%
NFG
37
Next Financial Group
Texas
$72K +$71.6K +2,737 New
AWA
38
Arkadios Wealth Advisors
Georgia
$54.4K +$445 +17 +0.8%
GSWM
39
Golden State Wealth Management
California
$42K +$41.9K +1,600 New
Wells Fargo
40
Wells Fargo
California
$30K – – –
Morgan Stanley
41
Morgan Stanley
New York
$6K – – –
PFS
42
Prospera Financial Services
Texas
– -$1.58M -61,422 Closed
Envestnet Asset Management
43
Envestnet Asset Management
Illinois
– -$499K -19,416 Closed
Citadel Advisors
44
Citadel Advisors
Florida
– -$416K -16,188 Closed
JWCA
45
J.W. Cole Advisors
Florida
– -$355K -13,801 Closed
RIA
46
Regal Investment Advisors
Michigan
– -$312K -12,116 Closed
AWM
47
AE Wealth Management
Kansas
– -$221K -8,594 Closed
SS
48
Simplicity Solutions
Minnesota
– -$205K -7,956 Closed
PAG
49
Private Advisor Group
New Jersey
– -$133K -5,160 Closed
1
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UCON Hedge Fund Activity: Q3 2020 in Review

41 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q3 2020, worth a combined $150M — up 9.4% from $137M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of UCON and 6 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 19 added.

The largest buyer was Darwin Wealth Management, adding an estimated $5.64M. The largest seller was Prospera Financial Services, exiting entirely with an estimated $1.58M sold.

  • 41 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q3 2020, down from 43 in Q2 2020.
  • Funds reported $150M of First Trust Smith Unconstrained Bond ETF stock for Q3 2020, up 9.4% quarter-over-quarter.
  • 6 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q3 2020 and 8 closed out, a net change of -2 holders.
  • The largest First Trust Smith Unconstrained Bond ETF buyer in Q3 2020 was Darwin Wealth Management, an estimated $5.64M added.
  • The largest First Trust Smith Unconstrained Bond ETF seller in Q3 2020 was Prospera Financial Services, an estimated $1.58M sold.

Based on aggregated 13F filings for Q3 2020.