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First Trust Smith Unconstrained Bond ETF
UCON

115 hedge funds and large institutions have $643M invested in First Trust Smith Unconstrained Bond ETF in 2021 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 52 increasing their positions, 21 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

967% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 3

148% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 21

75% more funds holding in top 10

Funds holding in top 10: 4 → 7 (+3)

37% more capital invested

Capital invested by funds: $469M → $643M (+$175M)

31% more funds holding

Funds holding: 88 → 115 (+27)

5.83% more ownership

Funds ownership: 73.16% → 78.98% (+5.8%)

Holders
115
Holders Change
+27
Holders Change %
+30.68%
% of All Funds
1.77%
Holding in Top 10
7
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+75%
% of All Funds
0.11%
New
32
Increased
52
Reduced
21
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$52.1M
2
First Trust Advisors
First Trust Advisors
Illinois
+$31.8M
3
LPL Financial
LPL Financial
California
+$15.8M
4
Bank of America
Bank of America
North Carolina
+$13.9M
5
SI
Stephens Inc
Arkansas
+$8.55M

Top Sellers

Rank Fund Capital Flow
1
AWM
AE Wealth Management
Kansas
-$3.72M
2
NCM
Northwest Capital Management
Oregon
-$2.94M
3
OMC
Old Mission Capital
Illinois
-$2.86M
4
AI
Atria Investments
North Carolina
-$2.81M
5
Jane Street
Jane Street
New York
-$1.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
MML Investors Services
26
MML Investors Services
Massachusetts
$5.59M +$3.7M +139,934 +194%
QA
27
Quantitative Advantage
Minnesota
$4.95M +$54.9K +2,076 +1%
CPIG
28
Chicago Partners Investment Group
Illinois
$4.76M +$937K +35,455 +24%
CG
29
Colony Group
Massachusetts
$4.75M +$1.44M +54,574 +43%
AAS
30
Ameritas Advisory Services
Nebraska
$4.7M +$4.71M +178,375 New
RIA
31
Regal Investment Advisors
Michigan
$4.68M +$72.9K +2,757 +2%
FAIM
32
Financial Advocates Investment Management
Washington
$4.62M +$670K +25,357 +17%
AWA
33
Arkadios Wealth Advisors
Georgia
$4.46M +$286K +10,803 +7%
BWM
34
BlackDiamond Wealth Management
New York
$4.42M +$4.43M +167,597 New
SPC
35
Sigma Planning Corp
Michigan
$4.34M +$1.25M +47,143 +40%
SCA
36
Snowden Capital Advisors
New York
$3.74M +$264K +9,977 +8%
MA
37
Mutual Advisors
Nebraska
$3.39M +$461K +17,450 +16%
TCM
38
Triumph Capital Management
Colorado
$3.3M +$3.31M +125,211 New
SPIA
39
Steward Partners Investment Advisory
New York
$3.24M -$178K -6,749 -5%
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$3.19M +$199K +7,543 +7%
CAN
41
Cetera Advisor Networks
California
$3.1M +$3.11M +117,648 New
SWA
42
Stratos Wealth Advisors
Ohio
$3.08M +$3.09M +116,845 New
TWM
43
Tolleson Wealth Management
Texas
$2.65M +$2.66M +100,536 New
EE
44
EWG Elevate
California
$2.56M +$2.56M +96,923 New
Truist Financial
45
Truist Financial
North Carolina
$2.55M +$1.57M +59,281 +159%
RJFSA
46
Raymond James Financial Services Advisors
Florida
$2.46M +$1.26M +47,679 +105%
CCA
47
Childress Capital Advisors
Texas
$2.38M – – –
QAM
48
Q3 Asset Management
Michigan
$2.06M +$32.5K +1,230 +2%
WA
49
WESPAC Advisors
California
$1.99M -$316K -11,941 -14%
WWM
50
Western Wealth Management
Colorado
$1.95M +$1.95M +73,687 New
1
2
3 4 5

UCON Hedge Fund Activity: Q4 2021 in Review

115 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q4 2021, worth a combined $643M — up 37% from $469M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new UCON positions and 3 closed out — a net gain of 29 holders — while 52 added to existing stakes and 21 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $52.1M. The largest seller was AE Wealth Management, cutting an estimated $3.72M.

  • 115 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q4 2021, up from 88 in Q3 2021.
  • Funds reported $643M of First Trust Smith Unconstrained Bond ETF stock for Q4 2021, up 37% quarter-over-quarter.
  • 32 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q4 2021 and 3 closed out, a net change of +29 holders.
  • The largest First Trust Smith Unconstrained Bond ETF buyer in Q4 2021 was Morgan Stanley, an estimated $52.1M added.
  • The largest First Trust Smith Unconstrained Bond ETF seller in Q4 2021 was AE Wealth Management, an estimated $3.72M sold.

Based on aggregated 13F filings for Q4 2021.