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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
LPL Financial
1
LPL Financial
California
$198M +$26.8M +1,099,102 +16%
UBS Group
2
UBS Group
Switzerland
$192M +$13.8M +564,126 +8%
Morgan Stanley
3
Morgan Stanley
New York
$149M +$10.3M +423,516 +7%
Bank of America
4
Bank of America
North Carolina
$87.4M +$6.42M +262,957 +8%
HI
5
Harbour Investments
Wisconsin
$70.2M +$4.34M +177,889 +7%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$57.1M -$2.13M -87,312 -4%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$53.1M +$2.38M +97,698 +5%
HighTower Advisors
8
HighTower Advisors
Illinois
$49M +$34.7M +1,421,550 +244%
Osaic Holdings
9
Osaic Holdings
Arizona
$37.2M +$1.1M +45,022 +3%
Truist Financial
10
Truist Financial
North Carolina
$33M +$1.78M +72,920 +6%
AWM
11
Apollon Wealth Management
South Carolina
$30.7M +$2.82M +115,336 +10%
ACA
12
Aptus Capital Advisors
Alabama
$28.8M +$427K +17,484 +2%
CAG
13
Csenge Advisory Group
Florida
$28.7M +$1.02M +41,633 +4%
WWMSC
14
Wagner Wealth Management (South Carolina)
South Carolina
$28.1M +$3.09M +126,766 +12%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$28.1M -$955K -39,142 -3%
IA
16
IFP Advisors
Florida
$28M +$12.5M +511,472 +81%
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$24.8M +$9.64M +395,069 +64%
Ameriprise
18
Ameriprise
Minnesota
$23.9M +$23.9M +979,451 New
Cetera Investment Advisers
19
Cetera Investment Advisers
Illinois
$23.1M +$4.76M +194,912 +26%
Wells Fargo
20
Wells Fargo
California
$22.5M +$19.3M +790,549 +608%
LFG
21
Larson Financial Group
Missouri
$22.2M -$3.01M -123,255 -12%
EC
22
EdgeRock Capital
Colorado
$21.8M +$1.04M +42,668 +5%
MFA
23
Morling Financial Advisors
California
$21.4M +$21.3M +873,890 New
IWC
24
Integrated Wealth Concepts
Massachusetts
$20M +$431K +17,646 +2%
B
25
Bensler
Washington
$20M +$1.45M +59,489 +8%
1
2 3 4 5

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.