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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
GPW
151
Gentry Private Wealth
Kansas
$773K +$771K +31,606 New
CFS
152
CGC Financial Services
Oregon
$760K -$427K -17,486 -36%
AWM
153
AE Wealth Management
Kansas
$742K +$505K +20,703 +215%
VCM
154
Virtue Capital Management
Tennessee
$731K -$258K -10,578 -26%
BCP
155
Blackhawk Capital Partners
Wisconsin
$713K +$805 +33 +0.1%
QAM
156
Q3 Asset Management
Michigan
$711K -$34.4K -1,409 -5%
RFP
157
Root Financial Partners
California
$702K -$128K -5,258 -15%
SWA
158
Stratos Wealth Advisors
Ohio
$682K +$258K +10,566 +61%
FHA
159
Flagship Harbor Advisors
Massachusetts
$650K +$26.5K +1,084 +4%
HIS
160
Harvest Investment Services
Illinois
$644K +$643K +26,349 New
JWCA
161
J.W. Cole Advisors
Florida
$632K +$185K +7,568 +41%
MW
162
Maia Wealth
Colorado
$617K +$610K +24,994 New
IFG
163
Independent Financial Group
California
$598K -$74.6K -3,058 -11%
AI
164
Atria Investments
North Carolina
$595K +$594K +24,318 New
FFA
165
Farther Finance Advisors
California
$594K +$595K +24,374 New
GRP
166
Global Retirement Partners
California
$583K -$146 -6 -0%
Rockefeller Capital Management
167
Rockefeller Capital Management
New York
$580K +$63.8K +2,613 +12%
Susquehanna International Group
168
Susquehanna International Group
Pennsylvania
$568K +$567K +23,228 New
CCP
169
Clarity Capital Partners
California
$529K +$529K +21,654 New
CG
170
CFO4Life Group
Texas
$524K -$309K -12,661 -37%
IWA
171
Inspirion Wealth Advisors
Illinois
$518K -$20.8K -853 -4%
PIA
172
Perennial Investment Advisors
California
$518K +$289K +11,836 +127%
OWA
173
Octavia Wealth Advisors
Ohio
$487K -$128K -5,255 -21%
TA
174
TFB Advisors
Kansas
$452K +$45K +1,845 +11%
FA
175
Flagstar Advisors
New York
$446K +$39.4K +1,613 +10%
5 6
7
8 9

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.