First Trust Smith Unconstrained Bond ETF
UCON
88 hedge funds and large institutions have $469M invested in First Trust Smith Unconstrained Bond ETF in 2021 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 52 increasing their positions, 14 reducing their positions, and 10 closing their positions.
271% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 14
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
28% more capital invested
Capital invested by funds: $367M → $469M (+$101M)
2% more funds holding
Funds holding: 86 → 88 (+2)
7.6% less ownership
Funds ownership: 80.76% → 73.16% (-7.6%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$15.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$13M |
| 3 |
LPL Financial
San Diego,
California
|
+$10.9M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$7.68M |
| 5 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
+$6.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCFA
Walkner Condon Financial Advisors
Madison,
Wisconsin
|
-$3.15M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$2.36M |
| 3 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
-$1.97M |
| 4 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$1.08M |
| 5 |
EE
EWG Elevate
Roseville,
California
|
-$1.08M |
UCON Hedge Fund Activity: Q3 2021 in Review
88 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q3 2021, worth a combined $469M — up 28% from $367M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new UCON positions and 10 closed out — a net gain of 4 holders — while 52 added to existing stakes and 14 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $15.3M. The largest seller was Walkner Condon Financial Advisors, exiting entirely with an estimated $3.15M sold.
- 88 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q3 2021, up from 86 in Q2 2021.
- Funds reported $469M of First Trust Smith Unconstrained Bond ETF stock for Q3 2021, up 28% quarter-over-quarter.
- 14 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q3 2021 and 10 closed out, a net change of +4 holders.
- The largest First Trust Smith Unconstrained Bond ETF buyer in Q3 2021 was Morgan Stanley, an estimated $15.3M added.
- The largest First Trust Smith Unconstrained Bond ETF seller in Q3 2021 was Walkner Condon Financial Advisors, an estimated $3.15M sold.
Based on aggregated 13F filings for Q3 2021.