Bahl & Gaynor Small/Mid Cap Income Growth

SMIG • ARCA

Bahl & Gaynor Small/Mid Cap Income Growth is an exchange-traded fund on ARCA. As of Q3 2025, 50 institutional investors hold shares in this ETF, with total holdings valued at $753.5M. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $285.8M.

Overview

Overview of institutional ownership in SMIG as of Q3 2025

All Institutions

Institutions: 50
Value Held: $753.5M
Shares Held: 25.4M
Avg Position: $15.1M
Median Position: $2.4M

Hedge Funds

Hedge Funds: 1
Value Held: $5.0M
Shares Held: 170.0K
Avg Position: $5.0M
Median Position: $5.0M

Biggest Investors

Institutions with the largest positions in SMIG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$285.8M 0.02% of portfolio	9.6M shares	Q1 2023 Held for 2y 8m	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$182.8M 0.01% of portfolio	6.2M shares	Q2 2023 Held for 2y 5m	$1.65T
R ROYAL BANK OF CANADA Institution	-	$68.4M 0.01% of portfolio	2.3M shares	Q4 2021 Held for 3y 11m	$542.04B
UBS Group AG Institution	Sergio P. Ermotti CEO	$57.5M 0.01% of portfolio	1.9M shares	Q3 2024 Held for 1y 2m	$511.54B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$21.7M 0.01% of portfolio	733.1K shares	Q4 2024 Held for 11 months	$310.43B
L LPL Financial LLC Institution	-	$12.8M 0.00% of portfolio	431.0K shares	Q3 2022 Held for 3y 2m	$340.07B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$11.9M 0.00% of portfolio	401.5K shares	Q2 2025 Held for 5 months	$488.50B
S STIFEL FINANCIAL CORP Long Only Manager	Adam Vartan Topalian CIO	$9.5M 0.01% of portfolio	321.7K shares	Q4 2022 Held for 2y 11m	$109.37B
Prime Capital Investment Advisors, LLC RIA/Wealth	John Edward Girouard CEO	$9.4M 0.12% of portfolio	316.8K shares	Q3 2024 Held for 1y 2m	$8.0B
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	Gunjan Kedia CEO	$8.9M 0.01% of portfolio	300.0K shares	Q1 2022 Held for 3y 8m	$84.3B

Net Capital Flow

Institutional buying and selling activity for SMIG in Q3 2025

Traded: +$66.1M
Buyers: 36
Sellers: 20
Total Bought: +$74.3M
Total Sold: −$8.2M
Avg Position: $12.6M

Biggest Buyers

Institution	Net Bought	Current Position
BANK OF AMERICA CORP /DE/ Institution	+$23.2M +781.7K shares	$285.8M 9.6M shares
MORGAN STANLEY RIA/Wealth	+$15.5M +524.1K shares	$182.8M 6.2M shares
WELLS FARGO & COMPANY/MN Institution	+$8.0M +270.8K shares	$11.9M 401.5K shares
Gotham Asset Management, LLC Hedge Fund•Long/Short	+$5.0M +170.0K shares	$5.0M 170.0K shares
S STIFEL FINANCIAL CORP Long Only Manager	+$5.0M +167.6K shares	$9.5M 321.7K shares
INTEGRITY WEALTH ADVISORS, INC. RIA/Wealth	+$3.6M +121.6K shares	$7.4M 252.2K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$3.5M +119.8K shares	$21.7M 733.1K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	+$1.4M +48.7K shares	$1.4M 48.7K shares
UBS Group AG Institution	+$1.4M +46.9K shares	$57.5M 1.9M shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	+$1.2M +40.8K shares	$3.6M 120.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
U U.S. Capital Wealth Advisors, LLC RIA/Wealth	−$1.9M −63.0K shares	$3.1M 103.6K shares
Kestra Advisory Services, LLC RIA/Wealth	−$1.0M −34.9K shares	Sold Off 0 shares
Gladstone Institutional Advisory LLC RIA/Wealth	−$944.9K −32.8K shares	Sold Off 0 shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$850.3K −28.7K shares	$3.9M 130.7K shares
E EdgeRock Capital LLC RIA/Wealth	−$696.3K −23.5K shares	$903.4K 30.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$602.5K −20.9K shares	Sold Off 0 shares
L LPL Financial LLC Institution	−$517.1K −17.5K shares	$12.8M 431.0K shares
D D. E. Shaw & Co., Inc. Institution	−$390.7K −13.5K shares	Sold Off 0 shares
We Are One Seven, LLC RIA/Wealth	−$323.8K −11.2K shares	Sold Off 0 shares
B BLAIR WILLIAM & CO/IL Institution	−$270.6K −9.4K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited SMIG in Q3 2025

New Positions: 6
New Value: $7.4M
Exited Positions: 10
Exited Value: $3.9M

New Positions

Institution	Position Value
Gotham Asset Management, LLC Hedge Fund•Long/Short	$5.0M 170.0K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$1.4M 48.7K shares
Baird Financial Group, Inc. Private Equity	$721.2K 24.3K shares
Argentarii, LLC RIA/Wealth	$233.5K 7.9K shares
A Abich Financial Wealth Management LLC RIA/Wealth	$2.0K 69.0 shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Long Only Manager	$1.7K 57.0 shares

Exited Positions

Institution	Previous Position
Kestra Advisory Services, LLC RIA/Wealth	$1.0M 34.9K shares
Gladstone Institutional Advisory LLC RIA/Wealth	$944.9K 32.8K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$602.5K 20.9K shares
D D. E. Shaw & Co., Inc. Institution	$390.7K 13.5K shares
We Are One Seven, LLC RIA/Wealth	$323.8K 11.2K shares
B BLAIR WILLIAM & CO/IL Institution	$270.6K 9.4K shares
COWA, LLC RIA/Wealth	$231.8K 8.0K shares
CREATIVE FINANCIAL DESIGNS INC /ADV RIA/Wealth	$58.4K 2.0K shares
B BlackRock, Inc. Institution	$13.4K 465.0 shares
S Skopos Labs, Inc. RIA/Wealth	$12.6K 436.0 shares

Options Activity

Institutions with the largest Call and Put options positions in SMIG as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with SMIG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
INTEGRITY WEALTH ADVISORS, INC. RIA/Wealth	Scott Everett Sanders CCO	2.65% $7.4M	252.2K shares	Q4 2024 Held for 11 months	$278.2M
CASTLE WEALTH MANAGEMENT LLC RIA/Wealth	Christina L Worley Managing Partner	2.18% $6.4M	217.2K shares	Q2 2023 Held for 2y 5m	$296.0M
Joseph Group Capital Management RIA/Wealth	Anton James Bayer CEO	1.58% $5.6M	189.3K shares	Q2 2025 Held for 5 months	$354.5M
Heritage Wealth Management, Inc. RIA/Wealth	Brett Stephen Carleton President	0.75% $2.5M	85.8K shares	Q2 2024 Held for 1y 5m	$340.6M
PUREfi Wealth, LLC RIA/Wealth	Paul Michael Simons CEO	0.30% $385.1K	13.0K shares	Q2 2025 Held for 5 months	$129.7M
E EdgeRock Capital LLC RIA/Wealth	Kyle F O'Dell President	0.26% $903.4K	30.5K shares	Q1 2025 Held for 8 months	$346.9M
Wealth Dimensions Group, Ltd. RIA/Wealth	Thomas Alfred Curti Managing Partner	0.25% $1.2M	41.8K shares	Q1 2025 Held for 8 months	$486.4M
ORBA Wealth Advisors, L.L.C. RIA/Wealth	James V Petitpren CIO	0.25% $306.7K	10.4K shares	Q4 2023 Held for 1y 11m	$121.5M
Prime Capital Investment Advisors, LLC RIA/Wealth	John Edward Girouard CEO	0.12% $9.4M	316.8K shares	Q3 2024 Held for 1y 2m	$8.0B
Mount Yale Investment Advisors, LLC RIA/Wealth	James R Dickson CEO	0.10% $1.4M	48.7K shares	Q3 2025 Held for 2 months	$1.4B