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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

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

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
PAG
51
Private Advisor Group
New Jersey
$386K +$111K +4,167 +40%
KAS
52
Kestra Advisory Services
Texas
$303K +$16.9K +634 +6%
GIA
53
Gladstone Institutional Advisory
Florida
$264K +$20.9K +784 +9%
IAP
54
Indie Asset Partners
Indiana
$256K +$256K +9,600 New
WWM
55
Western Wealth Management
Colorado
$247K +$248K +9,285 New
CA
56
Claro Advisors
Massachusetts
$232K -$45.9K -1,720 -16%
GWM
57
Geneos Wealth Management
Colorado
$228K – – –
IAA
58
Independent Advisor Alliance
North Carolina
$213K +$1.25K +47 +0.6%
SPIA
59
Steward Partners Investment Advisory
New York
$189K +$190K +7,115 New
APA
60
American Portfolios Advisors
New York
$169K +$153K +5,741 +960%
AIC
61
Ameritas Investment Company
Nebraska
$136K -$306K -11,472 -69%
IA
62
IFP Advisors
Florida
$92K +$50.2K +1,884 +118%
BFEC
63
Benjamin F. Edwards & Company
Missouri
$87K – – –
IWP
64
IAG Wealth Partners
Wisconsin
$81K -$32K -1,200 -28%
SWM
65
Spire Wealth Management
Virginia
$40K +$40.1K +1,502 New
Wells Fargo
66
Wells Fargo
California
$31K -$53 -2 -0.2%
Fifth Third Bancorp
67
Fifth Third Bancorp
Ohio
$16K +$16K +600 New
UBS Group
68
UBS Group
Switzerland
$15K +$15.4K +576 New
Morgan Stanley
69
Morgan Stanley
New York
$6K -$10.4K -390 -65%
RIA
70
Regal Investment Advisors
Michigan
– -$335K -12,558 Closed
CFP
71
Curran Financial Partners
South Carolina
– -$209K -7,843 Closed
TPWA
72
TRUE Private Wealth Advisors
Oregon
– -$170K -6,398 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.