CUSIP No. 26922A305
______________________________________________________________________________
        1.      Names of Reporting Persons
      I.R.S. Identification Nos. of Above Persons (Entities Only)

      Robert W. Baird & Co. Incorporated
                39-6037917
______________________________________________________________________________
        2.      Check the Appropriate Box if a Member of a Group (See Instructions)
                (a) [ ]
                (b) [ ]
______________________________________________________________________________
        3.      SEC Use Only
______________________________________________________________________________
        4.      Citizenship or Place of Organization

                Wisconsin
______________________________________________________________________________
                                5.  Sole Voting Power                   95,949

                                6.  Shared Voting Power                 0

                                7.  Sole Dispositive Power              95,949

                                8.  Shared Dispositive Power            0
______________________________________________________________________________
        9.  Aggregate Amount Beneficially Owned by Each Reporting Person  95,949
______________________________________________________________________________
        10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
              (See Instructions)   [ ]
______________________________________________________________________________
        11.  Percent of Class Represented by Amount in Row (9)            4.17%
______________________________________________________________________________
        12.  Type of Reporting Person (See Instructions)                IA
______________________________________________________________________________

Item 1.
      (a)       Name of Issuer:
      AlphaClone Alternative Alpha ETF, a series of ETF Series Solutions


      (b)       Address of Issuer's Principal Executive Offices:
                615 East Michigan Street
                Milwaukee, Wisconsin 53202


Item 2.
      (a)       Name of Person Filing:
                Robert W. Baird & Co. Incorporated

      (b)       Address of Principal Business Office or, if none, Residence:
                777 East Wisconsin Avenue
                Milwaukee, Wisconsin 53202

      (c)       Citizenship:
                Wisconsin corporation

      (d)       Title of Class of Securities:
                Shares of Beneficial Interests

      (e)       CUSIP Number:
                26922A305


Item 3. If this statement is filed pursuant to sub section 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:

(a)     [ ]     Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).

(b)     [ ]     Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)     [ ]     Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).

(d)     [ ]     Investment company registered under section 8 of the Investment
Company Act (15 U.S.C. 80a-8).

(e)     [X]     An investment adviser in accordance with section 240.13d-1(b)
(1)(ii)(E).

(f)     [ ]     An employee benefit plan or endowment fund in accordance with
section 240.13d-1(b)(1)(ii)(F).

(g)     [ ]     A parent holding company or control plan, in accordance with sub
section 240.13d-1(b)(1)(ii)(G).  (Note:  See Item 7).

(h)     [ ]     A savings association as defined in section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813).

(i)     [ ]     A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a-3)

(j)     [ ]     Group, in accordance with section 240.13d-1(b)(1)(ii)(J).



Item 4.         Ownership.

(a)     Amount Beneficially Owned:

        95,949. All 95,949 Shares of Beneficial Interests ("Shares") are
ultimately owned by certain individual and institutional clients for which
Robert W. Baird & Co. Incorporated ("Baird") serves as investment advisor.
Baird may be deemed to beneficially own such Shares within the meaning of Rule
13d-3 of the Securities Exchange Act of 1934, as amended (the "Act"), by virtue
of the investment discretion and voting authority granted to Baird by such
clients over such Shares. The investment discretion and voting authority
granted to Baird may be revoked at any time.

(b)     Percent of Class:
        4.17%.  The percentage was calculated based upon 2,300,000 Shares of
Beneficial Interest outstanding at April 1, 2014, as reported by the Issuer.

(c)     Number of shares as to which such person has:
        (i)     Sole power to vote or to direct the vote
                95,949.

        (ii)    Shared power to vote or to direct the vote
                0.

        (iii)   Sole power to dispose or to direct the disposition of
                95,949.

        (iv)    Shared power to dispose or to direct the disposition of
                0.


Item 5.         Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following:  [x]


Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Certain individual and institutional clients of Baird ultimately own all of
the Shares included on this Schedule and have the right to receive or the
power to direct the receipt of dividends and proceeds from the sale of such
Shares.  No one client has granted Baird investment discretion or voting
authority over 5% or more of the Issuer's Shares of Beneficial Interests
outstanding.


Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or Control Person.
        Not applicable.


Item 8. Identification and Classification of Members of the Group.
        Not applicable.


Item 9. Notice of Dissolution of Group.
            Not applicable.


Item 10.        Certification.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of
or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or
as a participant in any transaction having that purpose or effect.


SIGNATURE
      After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.


April 2, 2014
Date


/s/ Paul L. Schultz                     _____
Signature


Paul L. Schultz, Secretary & General Counsel
Name/Title




SCHEDULE 13G
AlphaClone Alternative Alpha ETF, a series of ETF Series Solutions
CUSIP No. 26922A305

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