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First Trust Smith Unconstrained Bond ETF
UCON

68 hedge funds and large institutions have $228M invested in First Trust Smith Unconstrained Bond ETF in 2021 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 32 increasing their positions, 15 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

275% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 4

113% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 15

30% more capital invested

Capital invested by funds: $175M → $228M (+$52.3M)

19% more funds holding

Funds holding: 57 → 68 (+11)

0.3% more ownership

Funds ownership: 72.63% → 72.93% (+0.3%)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

Holders
68
Holders Change
+11
Holders Change %
+19.3%
% of All Funds
1.19%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
15
Increased
32
Reduced
15
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JWM
Janiczek Wealth Management
Colorado
+$14.5M
2
AWM
AE Wealth Management
Kansas
+$6.31M
3
QA
Quantitative Advantage
Minnesota
+$5.04M
4
FHC
First Heartland Consultants
Missouri
+$4.5M
5
HSA
HBK Sorce Advisory
Pennsylvania
+$4.45M

Top Sellers

Rank Fund Capital Flow
1
AI
Atria Investments
North Carolina
-$1.79M
2
LPL Financial
LPL Financial
California
-$1.68M
3
PFS
Prospera Financial Services
Texas
-$780K
4
VR
Viridian RIA
Washington
-$526K
5
MSFS
Main Street Financial Solutions
Pennsylvania
-$371K
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
26
WESPAC Advisors
California
$1.76M -$27.5K -1,030 -2%
WCFA
27
Walkner Condon Financial Advisors
Wisconsin
$1.53M +$1.53M +57,341 New
SPC
28
Sigma Planning Corp
Michigan
$1.46M -$313K -11,725 -18%
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$1.43M +$666K +24,964 +87%
Janney Montgomery Scott
30
Janney Montgomery Scott
Pennsylvania
$1.37M +$113K +4,231 +9%
HI
31
Harbour Investments
Wisconsin
$1.35M +$1.35M +50,714 New
RJFSA
32
Raymond James Financial Services Advisors
Florida
$1.2M -$23.9K -895 -2%
JWCA
33
J.W. Cole Advisors
Florida
$1.08M +$569K +21,353 +112%
MSFS
34
Main Street Financial Solutions
Pennsylvania
$1.04M -$371K -13,900 -26%
Citadel Advisors
35
Citadel Advisors
Florida
$961K +$963K +36,092 New
RJA
36
Raymond James & Associates
Florida
$909K +$405K +15,203 +80%
HAS
37
HBW Advisory Services
California
$879K +$116K +4,351 +15%
PFS
38
Prospera Financial Services
Texas
$802K -$780K -29,244 -49%
LI
39
LVZ Inc
Michigan
$728K +$87K +3,261 +14%
SWP
40
Stratos Wealth Partners
Ohio
$726K +$390K +14,630 +116%
BA
41
Bridgewater Advisors
New York
$704K +$705K +26,440 New
Envestnet Asset Management
42
Envestnet Asset Management
Illinois
$666K +$667K +24,992 New
GWA
43
GGM Wealth Advisors
Maryland
$661K – – –
UCFA
44
United Capital Financial Advisors
Texas
$649K – – –
MHS
45
M Holdings Securities
Oregon
$630K -$76.3K -2,861 -11%
SW
46
SteelPeak Wealth
California
$598K -$50.3K -1,885 -8%
NFG
47
Next Financial Group
Texas
$487K +$96.1K +3,602 +25%
HT
48
HighTower Trust
Texas
$450K – – –
BCI
49
Brinker Capital Investments
Pennsylvania
$433K – – –
VR
50
Viridian RIA
Washington
$418K -$526K -19,734 Closed
1
2
3

UCON Hedge Fund Activity: Q1 2021 in Review

68 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q1 2021, worth a combined $228M — up 30% from $175M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new UCON positions and 4 closed out — a net gain of 11 holders — while 32 added to existing stakes and 15 trimmed.

The largest buyer was Janiczek Wealth Management, opening a new position worth an estimated $14.5M. The largest seller was Atria Investments, cutting an estimated $1.79M.

  • 68 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q1 2021, up from 57 in Q4 2020.
  • Funds reported $228M of First Trust Smith Unconstrained Bond ETF stock for Q1 2021, up 30% quarter-over-quarter.
  • 15 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q1 2021 and 4 closed out, a net change of +11 holders.
  • The largest First Trust Smith Unconstrained Bond ETF buyer in Q1 2021 was Janiczek Wealth Management, an estimated $14.5M added.
  • The largest First Trust Smith Unconstrained Bond ETF seller in Q1 2021 was Atria Investments, an estimated $1.79M sold.

Based on aggregated 13F filings for Q1 2021.