First Trust Managed Municipal ETF
233 hedge funds and large institutions have $1.3B invested in First Trust Managed Municipal ETF in 2021 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 136 increasing their positions, 53 reducing their positions, and 22 closing their positions.
157% more repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 53
7% more capital invested
Capital invested by funds: $1.21B → $1.3B (+$83.6M)
0% more funds holding in top 10
Funds holding in top 10: 16 → 16 (0)
0% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 22
0.63% less ownership
Funds ownership: 65.79% → 65.16% (-0.63%)
1% less funds holding
Funds holding: 236 → 233 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$23.2M |
| 2 |
CAMG
CWA Asset Management Group
Naples,
Florida
|
+$14.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$11.3M |
| 4 |
PAG
Pinnacle Advisory Group
Columbia,
Maryland
|
+$9.89M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$6.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
-$11.1M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$6.63M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$5.03M |
| 4 |
ABC
Associated Banc-Corp
Green Bay,
Wisconsin
|
-$4.96M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$3.63M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
251
Fisher Asset Management
Camas,
Washington
| – | -$204K | -3,604 | Closed |
|
|
BWA
252
Burt Wealth Advisors
North Bethesda,
Maryland
| – | -$29K | -503 | Closed |
|
|
FHA
253
First Horizon Advisors
Memphis,
Tennessee
| – | -$10K | -184 | Closed |
|
254
AssetMark Inc
Concord,
California
| – | +$57 | +1 | New |
|
FMB Hedge Fund Activity: Q1 2021 in Review
233 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2021, worth a combined $1.3B — up 6.9% from $1.21B a quarter earlier.
Fund positioning in FMB was balanced in Q1 2021: 22 funds opened new positions, 22 closed out, 136 added to existing stakes and 53 trimmed.
The largest buyer was UBS Group, adding an estimated $23.2M. The largest seller was Simplicity Solutions, exiting entirely with an estimated $11.1M sold.
- 233 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2021, down from 236 in Q4 2020.
- Funds reported $1.3B of First Trust Managed Municipal ETF stock for Q1 2021, up 6.9% quarter-over-quarter.
- 22 funds opened new First Trust Managed Municipal ETF positions in Q1 2021 and 22 closed out, a net change of 0 holders.
- The largest First Trust Managed Municipal ETF buyer in Q1 2021 was UBS Group, an estimated $23.2M added.
- The largest First Trust Managed Municipal ETF seller in Q1 2021 was Simplicity Solutions, an estimated $11.1M sold.
Based on aggregated 13F filings for Q1 2021.