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First Trust Smith Unconstrained Bond ETF
UCON

220 hedge funds and large institutions have $1.86B invested in First Trust Smith Unconstrained Bond ETF in 2024 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 118 increasing their positions, 62 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 62

80% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 15

8% more capital invested

Capital invested by funds: $1.72B → $1.86B (+$141M)

4% more funds holding

Funds holding: 212 → 220 (+8)

8% less funds holding in top 10

Funds holding in top 10: 24 → 22 (-2)

8.64% less ownership

Funds ownership: 93.42% → 84.77% (-8.6%)

Holders
220
Holders Change
+8
Holders Change %
+3.77%
% of All Funds
3.17%
Holding in Top 10
22
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-8.33%
% of All Funds
0.32%
New
27
Increased
118
Reduced
62
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$70.6M
2
LPL Financial
LPL Financial
California
+$25.5M
3
WWMSC
Wagner Wealth Management (South Carolina)
South Carolina
+$25.1M
4
Bank of America
Bank of America
North Carolina
+$15M
5
APP
Avantax Planning Partners
Iowa
+$14.9M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$93.2M
2
TWM
Tolleson Wealth Management
Texas
-$19.8M
3
SWA
Stratos Wealth Advisors
Ohio
-$19.7M
4
CFS
CGC Financial Services
Oregon
-$13.4M
5
OWA
Octavia Wealth Advisors
Ohio
-$11.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
CW
176
CreativeOne Wealth
Kansas
$349K +$349K +14,191 New
GM
177
GeoWealth Management
Illinois
$341K +$119K +4,847 +54%
BRWA
178
B. Riley Wealth Advisors
Florida
$327K -$243K -9,879 -42%
IW
179
Imprint Wealth
South Carolina
$327K – – –
GWA
180
GGM Wealth Advisors
Maryland
$326K – – –
SW
181
SteelPeak Wealth
California
$326K -$111K -4,526 -25%
HS
182
Horan Securities
United States
$322K +$322K +13,096 New
WN
183
Williams & Novak
California
$313K – – –
CAM
184
Cresset Asset Management
Illinois
$305K -$149K -6,038 -33%
Financial Engines Advisors
185
Financial Engines Advisors
California
$303K +$11.9K +482 +4%
FZCM
186
Flynn Zito Capital Management
New York
$286K +$55.3K +2,247 +24%
ML
187
McAdam LLC
Pennsylvania
$281K -$23.5K -955 -8%
GLA
188
Good Life Advisors
Pennsylvania
$269K +$67.7K +2,750 +34%
TNBTD
189
Trustmark National Bank Trust Department
Mississippi
$258K +$258K +10,484 New
HAS
190
HBW Advisory Services
California
$247K – – –
FTUS
191
Flow Traders U.S.
New York
$246K +$246K +10,000 New
RJT
192
Raymond James Trust
Florida
$239K +$239K +9,703 New
AWM
193
AE Wealth Management
Kansas
$237K -$7.49M -304,437 -97%
PIA
194
Perennial Investment Advisors
California
$230K +$2.17K +88 +0.9%
LSA
195
Lion Street Advisors
Texas
$222K – – –
CAM
196
Creekmur Asset Management
Illinois
$218K -$37.3K -1,514 -15%
KPWS
197
Kestra Private Wealth Services
Texas
$214K -$38K -1,543 -15%
Wealth Enhancement Advisory Services
198
Wealth Enhancement Advisory Services
Minnesota
$214K -$20.6K -837 -9%
SOS
199
Silver Oak Securities
Tennessee
$209K -$291K -11,810 -58%
HSA
200
HBK Sorce Advisory
Pennsylvania
$207K +$2.53K +103 +1%
6 7
8
9 10

UCON Hedge Fund Activity: Q1 2024 in Review

220 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q1 2024, worth a combined $1.86B — up 8.2% from $1.72B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new UCON positions and 15 closed out — a net gain of 12 holders — while 118 added to existing stakes and 62 trimmed.

The largest buyer was UBS Group, adding an estimated $70.6M. The largest seller was Morgan Stanley, cutting an estimated $93.2M.

  • 220 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q1 2024, up from 212 in Q4 2023.
  • Funds reported $1.86B of First Trust Smith Unconstrained Bond ETF stock for Q1 2024, up 8.2% quarter-over-quarter.
  • 27 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q1 2024 and 15 closed out, a net change of +12 holders.
  • The largest First Trust Smith Unconstrained Bond ETF buyer in Q1 2024 was UBS Group, an estimated $70.6M added.
  • The largest First Trust Smith Unconstrained Bond ETF seller in Q1 2024 was Morgan Stanley, an estimated $93.2M sold.

Based on aggregated 13F filings for Q1 2024.