First Trust Smith Unconstrained Bond ETF
UCON
221 hedge funds and large institutions have $1.87B invested in First Trust Smith Unconstrained Bond ETF in 2024 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 119 increasing their positions, 61 reducing their positions, and 15 closing their positions.
95% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 61
80% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 15
16% more capital invested
Capital invested by funds: $1.61B → $1.87B (+$258M)
4% more funds holding
Funds holding: 213 → 221 (+8)
2.32% less ownership
Funds ownership: 87.22% → 84.9% (-2.3%)
8% less funds holding in top 10
Funds holding in top 10: 24 → 22 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$70.6M |
| 2 |
LPL Financial
San Diego,
California
|
+$25.5M |
| 3 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
+$25.1M |
| 4 |
Morgan Stanley
New York
|
+$23.3M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TWM
Tolleson Wealth Management
Dallas,
Texas
|
-$19.8M |
| 2 |
SWA
Stratos Wealth Advisors
Beachwood,
Ohio
|
-$19.7M |
| 3 |
CFS
CGC Financial Services
Lake Oswego,
Oregon
|
-$13.4M |
| 4 |
OWA
Octavia Wealth Advisors
Cincinnati,
Ohio
|
-$11.3M |
| 5 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$10.4M |
UCON Hedge Fund Activity: Q1 2024 in Review
221 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q1 2024, worth a combined $1.87B — up 16% from $1.61B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new UCON positions and 15 closed out — a net gain of 12 holders — while 119 added to existing stakes and 61 trimmed.
The largest buyer was UBS Group, adding an estimated $70.6M. The largest seller was Tolleson Wealth Management, cutting an estimated $19.8M.
- 221 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q1 2024, up from 213 in Q4 2023.
- Funds reported $1.87B of First Trust Smith Unconstrained Bond ETF stock for Q1 2024, up 16% 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 Tolleson Wealth Management, an estimated $19.8M sold.
Based on aggregated 13F filings for Q1 2024.