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First Trust Smith Unconstrained Bond ETF
UCON

86 hedge funds and large institutions have $367M invested in First Trust Smith Unconstrained Bond ETF in 2021 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 43 increasing their positions, 17 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,900% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 1

153% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 17

61% more capital invested

Capital invested by funds: $228M → $367M (+$140M)

26% more funds holding

Funds holding: 68 → 86 (+18)

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

7.83% more ownership

Funds ownership: 72.93% → 80.76% (+7.8%)

Holders
86
Holders Change
+18
Holders Change %
+26.47%
% of All Funds
1.5%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.09%
New
20
Increased
43
Reduced
17
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$24M
2
HI
Harbour Investments
Wisconsin
+$21M
3
First Trust Advisors
First Trust Advisors
Illinois
+$18.3M
4
LPL Financial
LPL Financial
California
+$8.45M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$7.52M

Top Sellers

1
AI
Atria Investments
North Carolina
-$2.47M
2
FHC
First Heartland Consultants
Missouri
-$1.93M
3
WA
WESPAC Advisors
California
-$802K
4
LI
LVZ Inc
Michigan
-$728K
5
HighTower Advisors
HighTower Advisors
Illinois
-$722K
Name Holding Trade Value Shares
Change 		Change in
Stake
CPIG
26
Chicago Partners Investment Group
Illinois
$3.61M +$512K +19,216 +16%
FAIM
27
Financial Advocates Investment Management
Washington
$3.29M +$3.29M +123,384 New
WCFA
28
Walkner Condon Financial Advisors
Wisconsin
$3.15M +$1.63M +61,032 +106%
SPC
29
Sigma Planning Corp
Michigan
$3.13M +$1.66M +62,253 +113%
FHC
30
First Heartland Consultants
Missouri
$3.07M -$1.93M -72,319 -39%
SCA
31
Snowden Capital Advisors
New York
$2.95M +$70.6K +2,651 +2%
CG
32
Colony Group
Massachusetts
$2.93M +$778K +29,226 +36%
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$2.89M +$1.46M +54,822 +102%
FTUS
34
Flow Traders U.S.
New York
$2.36M +$2.35M +88,392 New
CCA
35
Childress Capital Advisors
Texas
$2.32M +$163K +6,103 +8%
QAM
36
Q3 Asset Management
Michigan
$2.01M +$174K +6,532 +9%
LFAS
37
Level Four Advisory Services
Texas
$1.97M +$1.97M +74,019 New
OMC
38
Old Mission Capital
Illinois
$1.97M +$1.96M +73,728 New
FPF
39
First Pacific Financial
Washington
$1.78M -$2.53K -95 -0.1%
WWM
40
Western Wealth Management
Colorado
$1.73M +$1.48M +55,565 +598%
GIA
41
Gladstone Institutional Advisory
Florida
$1.52M +$1.26M +47,302 +477%
Truist Financial
42
Truist Financial
North Carolina
$1.44M +$1.44M +53,913 New
MML Investors Services
43
MML Investors Services
Massachusetts
$1.38M +$1.38M +51,922 New
RJFSA
44
Raymond James Financial Services Advisors
Florida
$1.15M -$51.2K -1,923 -4%
JWCA
45
J.W. Cole Advisors
Florida
$1.08M +$2.5K +94 +0.2%
EE
46
EWG Elevate
California
$1.08M +$1.08M +40,479 New
UBS Group
47
UBS Group
Switzerland
$1M +$985K +36,994 +6,423%
CA
48
Crumly & Associates
Illinois
$998K +$998K +37,451 New
SWP
49
Stratos Wealth Partners
Ohio
$984K +$257K +9,655 +35%
WA
50
WESPAC Advisors
California
$958K -$802K -30,121 -46%
1
2
3 4

UCON Hedge Fund Activity: Q2 2021 in Review

86 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q2 2021, worth a combined $367M — up 61% from $228M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new UCON positions and 1 closed out — a net gain of 19 holders — while 43 added to existing stakes and 17 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $24M. The largest seller was Atria Investments, cutting an estimated $2.47M.

  • 86 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q2 2021, up from 68 in Q1 2021.
  • Funds reported $367M of First Trust Smith Unconstrained Bond ETF stock for Q2 2021, up 61% quarter-over-quarter.
  • 20 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q2 2021 and 1 closed out, a net change of +19 holders.
  • The largest First Trust Smith Unconstrained Bond ETF buyer in Q2 2021 was Morgan Stanley, an estimated $24M added.
  • The largest First Trust Smith Unconstrained Bond ETF seller in Q2 2021 was Atria Investments, an estimated $2.47M sold.

Based on aggregated 13F filings for Q2 2021.