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First Trust Smith Unconstrained Bond ETF
UCON

240 hedge funds and large institutions have $2.1B invested in First Trust Smith Unconstrained Bond ETF in 2024 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 130 increasing their positions, 58 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

163% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 16

124% more repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 58

13% more capital invested

Capital invested by funds: $1.86B → $2.1B (+$234M)

9% more funds holding

Funds holding: 220 → 240 (+20)

0.99% less ownership

Funds ownership: 84.77% → 83.78% (-0.99%)

9% less funds holding in top 10

Funds holding in top 10: 22 → 20 (-2)

Holders
240
Holders Change
+20
Holders Change %
+9.09%
% of All Funds
3.47%
Holding in Top 10
20
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-9.09%
% of All Funds
0.29%
New
42
Increased
130
Reduced
58
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HighTower Advisors
HighTower Advisors
Illinois
+$34.7M
2
LPL Financial
LPL Financial
California
+$26.8M
3
Ameriprise
Ameriprise
Minnesota
+$23.9M
4
MFA
Morling Financial Advisors
California
+$21.3M
5
Wells Fargo
Wells Fargo
California
+$19.3M

Top Sellers

1
FAIM
Financial Advocates Investment Management
Washington
-$14.8M
2
FHC
First Heartland Consultants
Missouri
-$11.7M
3
AWA
Arkadios Wealth Advisors
Georgia
-$10.2M
4
APP
Avantax Planning Partners
Iowa
-$5.28M
5
FA
Fermata Advisors
California
-$4.69M
Name Holding Trade Value Shares
Change 		Change in
Stake
VWA
26
Visionary Wealth Advisors
Illinois
$19.8M -$2.92M -119,724 -13%
DAS
27
Dynamic Advisor Solutions
Arizona
$19.7M +$3.95M +161,664 +25%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$19.4M +$14.4M +588,549 +288%
TA
29
TruWealth Advisors
Louisiana
$17.2M +$599K +24,555 +4%
CFS
30
Commonwealth Financial Services
West Virginia
$17.1M +$1.45M +59,424 +9%
PNC
31
Park National Corp
Ohio
$16.9M +$2.25M +92,004 +15%
CWP
32
Cyndeo Wealth Partners
Florida
$16M +$444K +18,177 +3%
RCAG
33
Rehmann Capital Advisory Group
Michigan
$14.9M +$1.15M +47,208 +8%
RJA
34
Raymond James & Associates
Florida
$14.8M +$3.62M +148,152 +33%
Thrivent Financial for Lutherans
35
Thrivent Financial for Lutherans
Minnesota
$14.7M +$10.9M +446,967 +292%
Focus Partners Wealth
36
Focus Partners Wealth
Massachusetts
$13.7M -$24.8K -1,016 -0.2%
Citadel Advisors
37
Citadel Advisors
Florida
$13.3M +$13.2M +542,728 New
JP Morgan Chase
38
JP Morgan Chase
New York
$13.1M +$4.51M +184,597 +53%
TWM
39
Tolleson Wealth Management
Texas
$13M -$456K -18,692 -3%
JWM
40
Janiczek Wealth Management
Colorado
$13M -$820K -33,583 -6%
GPWA
41
Great Point Wealth Advisors
Massachusetts
$12.8M +$1.22M +49,951 +11%
NL
42
Navalign LLC
California
$12.4M +$811K +33,212 +7%
SW
43
SlateStone Wealth
Florida
$12M -$344K -14,077 -3%
PJWM
44
Philip James Wealth Mangement
Georgia
$11.9M +$378K +15,469 +3%
WI
45
Wintrust Investments
Illinois
$11.7M -$397K -16,253 -3%
DWM
46
Darwin Wealth Management
Florida
$11.4M -$472K -19,335 -4%
Stifel Financial
47
Stifel Financial
Missouri
$11.1M +$1.14M +46,577 +11%
PAG
48
Private Advisor Group
New Jersey
$10.6M +$616K +25,245 +6%
Mariner
49
Mariner
Kansas
$10.2M +$617K +25,279 +6%
FF
50
Financial Futures
New Jersey
$10.1M +$888K +36,382 +10%
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UCON Hedge Fund Activity: Q2 2024 in Review

240 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q2 2024, worth a combined $2.1B — up 13% from $1.86B a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new UCON positions and 16 closed out — a net gain of 26 holders — while 130 added to existing stakes and 58 trimmed.

The largest buyer was HighTower Advisors, adding an estimated $34.7M. The largest seller was Financial Advocates Investment Management, exiting entirely with an estimated $14.8M sold.

  • 240 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q2 2024, up from 220 in Q1 2024.
  • Funds reported $2.1B of First Trust Smith Unconstrained Bond ETF stock for Q2 2024, up 13% quarter-over-quarter.
  • 42 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q2 2024 and 16 closed out, a net change of +26 holders.
  • The largest First Trust Smith Unconstrained Bond ETF buyer in Q2 2024 was HighTower Advisors, an estimated $34.7M added.
  • The largest First Trust Smith Unconstrained Bond ETF seller in Q2 2024 was Financial Advocates Investment Management, an estimated $14.8M sold.

Based on aggregated 13F filings for Q2 2024.