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First Trust Managed Municipal ETF
FMB

297 hedge funds and large institutions have $1.5B invested in First Trust Managed Municipal ETF in 2024 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 110 increasing their positions, 122 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 25

0% more funds holding

Funds holding: 297 → 297 (0)

2% less capital invested

Capital invested by funds: $1.53B → $1.5B (-$34.6M)

10% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 122

1.28% less ownership

Funds ownership: 77.21% → 75.93% (-1.3%)

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

Holders
297
Holders Change
–
Holders Change %
0%
% of All Funds
4.29%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.07%
New
28
Increased
110
Reduced
122
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$8.83M
2
LFG
Larson Financial Group
Missouri
+$5.17M
3
RVPG
Relative Value Partners Group
+$4.68M
4
MMA
Miracle Mile Advisors
California
+$3.76M
5
NA
NewEdge Advisors
Louisiana
+$3.41M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$15.3M
2
AWA
ARQ Wealth Advisors
Arizona
-$6.43M
3
LPL Financial
LPL Financial
California
-$5.51M
4
Goldman Sachs
Goldman Sachs
New York
-$4.93M
5
KAS
Kestra Advisory Services
Texas
-$4.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
AI
226
Auour Investments
Massachusetts
$367K +$13.1K +256 +4%
WCFA
227
Walkner Condon Financial Advisors
Wisconsin
$352K -$391K -7,659 -53%
KWM
228
Kingsview Wealth Management
Oregon
$348K – – –
MAS
229
Meeder Advisory Services
Ohio
$341K +$341K +6,684 New
SAG
230
Spotlight Asset Group
Illinois
$336K – – –
PWM
231
Purus Wealth Management
California
$335K -$1.07K -21 -0.3%
Creative Planning
232
Creative Planning
Kansas
$332K -$235K -4,608 -41%
CW
233
Cooksen Wealth
Texas
$325K +$1.99K +39 +0.6%
CAM
234
Cozad Asset Management
Illinois
$319K – – –
LA
235
Lifeworks Advisors
Michigan
$318K -$66.3K -1,299 -17%
EWS
236
Evergreen Wealth Solutions
Pennsylvania
$316K +$1.43K +28 +0.5%
Jones Financial Companies
237
Jones Financial Companies
Missouri
$310K +$310K +6,080 New
MFS
238
McNamara Financial Services
Massachusetts
$309K -$75.1K -1,473 -20%
FWM
239
Fairhaven Wealth Management
Illinois
$306K – – –
GWSG
240
GPS Wealth Strategies Group
Colorado
$281K -$35.7K -700 -11%
HIM
241
Hanlon Investment Management
New Jersey
$275K – – –
LS
242
Leelyn Smith
Illinois
$274K -$105K -2,067 -28%
GWM
243
Geneos Wealth Management
Colorado
$269K -$14.2K -278 -5%
BEI
244
Benjamin Edwards Inc
Missouri
$264K +$4.59K +90 +2%
SEIA
245
Signature Estate & Investment Advisors
California
$263K +$263K +5,160 New
AWM
246
Apollon Wealth Management
South Carolina
$261K -$95.5K -1,873 -27%
PMFA
247
Plante Moran Financial Advisors
Michigan
$258K +$24.2K +474 +10%
CCA
248
Conservest Capital Advisors
Pennsylvania
$257K – – –
BW
249
Bison Wealth
Georgia
$256K – – –
IWA
250
Icon Wealth Advisors
Texas
$254K +$2.65K +52 +1%
8 9
10
11 12

FMB Hedge Fund Activity: Q2 2024 in Review

297 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2024, worth a combined $1.5B — down 2.3% from $1.53B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new FMB positions and 25 closed out — a net gain of 3 holders — while 110 added to existing stakes and 122 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $8.83M. The largest seller was Jane Street, exiting entirely with an estimated $15.3M sold.

  • 297 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2024, unchanged from Q1 2024.
  • Funds reported $1.5B of First Trust Managed Municipal ETF stock for Q2 2024, down 2.3% quarter-over-quarter.
  • 28 funds opened new First Trust Managed Municipal ETF positions in Q2 2024 and 25 closed out, a net change of +3 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q2 2024 was Morgan Stanley, an estimated $8.83M added.
  • The largest First Trust Managed Municipal ETF seller in Q2 2024 was Jane Street, an estimated $15.3M sold.

Based on aggregated 13F filings for Q2 2024.