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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
Renaissance Technologies
101
Renaissance Technologies
New York
$3.36M +$295K +12,100 +10%
Envestnet Portfolio Solutions
102
Envestnet Portfolio Solutions
Illinois
$3.25M +$505K +20,676 +18%
EFS
103
Econ Financial Services
Pennsylvania
$3.05M +$7.79K +319 +0.3%
AAS
104
Avantax Advisory Services
Texas
$3.04M +$26.6K +1,088 +0.9%
PSCM
105
Per Stirling Capital Management
Texas
$2.98M +$2.98M +121,897 New
CA
106
Crumly & Associates
Illinois
$2.95M +$145K +5,948 +5%
LCM
107
Lunt Capital Management
Utah
$2.91M +$111K +4,557 +4%
FA
108
Fagan Associates
New York
$2.84M +$2.15M +87,924 +310%
CA
109
Clearstead Advisors
Ohio
$2.84M +$2.83M +116,121 New
AGA
110
Arkos Global Advisors
Texas
$2.72M +$22.2K +911 +0.8%
HFP
111
Holistic Financial Partners
Indiana
$2.71M +$471K +19,292 +21%
FTS
112
Fifth Third Securities
Ohio
$2.71M +$2.71M +110,932 New
RWA
113
Redhawk Wealth Advisors
Minnesota
$2.52M +$99.7K +4,086 +4%
SP
114
Sequent Planning
Nebraska
$2.5M +$360K +14,739 +17%
SMFG
115
Sumitomo Mitsui Financial Group
Japan
$2.39M +$1.1K +45 +0%
DWM
116
Defined Wealth Management
Oregon
$2.29M +$2.29M +93,641 New
PVI
117
Pine Valley Investments
New Jersey
$2.2M -$11.1K -453 -0.5%
PCMC
118
Private Capital Management (Colorado)
Colorado
$2.17M +$1.9K +78 +0.1%
BRWA
119
B. Riley Wealth Advisors
Florida
$2.17M +$1.83M +75,054 +549%
AWS
120
Atria Wealth Solutions
New York
$2.1M +$864K +35,380 +70%
OBWG
121
Onyx Bridge Wealth Group
New York
$2.02M +$33.8K +1,385 +2%
MWM
122
MBE Wealth Management
Wisconsin
$1.99M +$11.9K +487 +0.6%
Comerica Bank
123
Comerica Bank
Texas
$1.97M +$354K +14,504 +22%
AF
124
Apollon Financial
South Carolina
$1.96M +$301K +12,339 +18%
SC
125
Savant Capital
Illinois
$1.92M +$1.92M +78,466 New
3 4
5
6 7

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.