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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
LPL Financial
1
LPL Financial
California
$44.7M -$1.68M -63,083 -4%
HighTower Advisors
2
HighTower Advisors
Illinois
$19.2M +$14.3K +538 +0.1%
DWM
3
Darwin Wealth Management
Florida
$17.9M -$69K -2,586 -0.4%
JWM
4
Janiczek Wealth Management
Colorado
$14.5M +$14.5M +545,276 New
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$11.6M +$4.36M +163,561 +60%
CFD
6
Creative Financial Designs
Indiana
$10.5M +$328K +12,306 +3%
NCM
7
Northwest Capital Management
Oregon
$10.1M +$91.8K +3,443 +0.9%
HSA
8
HBK Sorce Advisory
Pennsylvania
$9.3M +$4.45M +167,024 +92%
Stifel Financial
9
Stifel Financial
Missouri
$7.44M +$651K +24,417 +10%
AI
10
Atria Investments
North Carolina
$7.32M -$1.79M -67,104 -20%
AWM
11
AE Wealth Management
Kansas
$6.3M +$6.31M +236,622 New
QA
12
Quantitative Advantage
Minnesota
$5.04M +$5.04M +189,139 New
FHC
13
First Heartland Consultants
Missouri
$4.99M +$4.5M +168,708 +896%
Bank of America
14
Bank of America
North Carolina
$3.9M +$1.35M +50,633 +53%
AWA
15
Arkadios Wealth Advisors
Georgia
$3.88M +$92.5K +3,468 +2%
Osaic Holdings
16
Osaic Holdings
Arizona
$3.4M +$415K +15,562 +14%
SMF
17
Sterling Manor Financial
New York
$3.23M +$2.6M +97,385 +404%
CPIG
18
Chicago Partners Investment Group
Illinois
$3.1M +$407K +15,244 +15%
SCA
19
Snowden Capital Advisors
New York
$2.88M +$2.89M +108,185 New
ECA
20
Elevated Capital Advisors
Utah
$2.58M +$316K +11,858 +14%
CCA
21
Childress Capital Advisors
Texas
$2.15M +$772K +28,958 +56%
CG
22
Colony Group
Massachusetts
$2.14M +$785K +29,435 +58%
Cambridge Investment Research Advisors
23
Cambridge Investment Research Advisors
Iowa
$1.93M +$66.5K +2,492 +4%
QAM
24
Q3 Asset Management
Michigan
$1.84M +$316K +11,865 +21%
FPF
25
First Pacific Financial
Washington
$1.78M +$11.8K +444 +0.7%
1
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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.