First Trust Managed Municipal ETF
236 hedge funds and large institutions have $1.21B invested in First Trust Managed Municipal ETF in 2020 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 125 increasing their positions, 43 reducing their positions, and 10 closing their positions.
400% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 10
191% more repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 43
33% more funds holding in top 10
Funds holding in top 10: 12 → 16 (+4)
17% more funds holding
Funds holding: 202 → 236 (+34)
12% more capital invested
Capital invested by funds: $1.08B → $1.21B (+$134M)
1.46% more ownership
Funds ownership: 64.33% → 65.79% (+1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$18.2M |
| 2 |
CAMG
CWA Asset Management Group
Naples,
Florida
|
+$18M |
| 3 |
LPL Financial
San Diego,
California
|
+$10.3M |
| 4 |
LBD
Landsberg Bennett & Dubbaneh
Punta Gorda,
Florida
|
+$7.97M |
| 5 |
AWA
ARQ Wealth Advisors
Scottsdale,
Arizona
|
+$6.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$7.01M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.35M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$5.29M |
| 4 |
OAM
Oppenheimer Asset Management
New York
|
-$5.15M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.42M |
FMB Hedge Fund Activity: Q4 2020 in Review
236 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2020, worth a combined $1.21B — up 12% from $1.08B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new FMB positions and 10 closed out — a net gain of 40 holders — while 125 added to existing stakes and 43 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $18.2M. The largest seller was Citadel Advisors, cutting an estimated $7.01M.
- 236 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2020, up from 202 in Q3 2020.
- Funds reported $1.21B of First Trust Managed Municipal ETF stock for Q4 2020, up 12% quarter-over-quarter.
- 50 funds opened new First Trust Managed Municipal ETF positions in Q4 2020 and 10 closed out, a net change of +40 holders.
- The largest First Trust Managed Municipal ETF buyer in Q4 2020 was Morgan Stanley, an estimated $18.2M added.
- The largest First Trust Managed Municipal ETF seller in Q4 2020 was Citadel Advisors, an estimated $7.01M sold.
Based on aggregated 13F filings for Q4 2020.