We are live on ! Find out more
FMB icon

First Trust Managed Municipal ETF
FMB

308 hedge funds and large institutions have $2.75B invested in First Trust Managed Municipal ETF in 2024 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 124 increasing their positions, 111 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more capital invested

Capital invested by funds: $1.54B → $2.75B (+$1.2B)

63% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 24

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

12% more repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 111

2% more funds holding

Funds holding: 301 → 308 (+7)

0.03% more ownership

Funds ownership: 76.11% → 76.14% (+0.03%)

Holders
308
Holders Change
+7
Holders Change %
+2.33%
% of All Funds
4.06%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
39
Increased
124
Reduced
111
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
IAA
Independent Advisor Alliance
North Carolina
+$15M
2
FPAS
Focus Partners Advisor Solutions
Missouri
+$6.65M
3
LFG
Larson Financial Group
Missouri
+$4.39M
4
OMC
Old Mission Capital
Illinois
+$3.23M
5
UBS Group
UBS Group
Switzerland
+$2.64M

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$20.9M
2
JP Morgan Chase
JP Morgan Chase
New York
-$10.2M
3
Renaissance Technologies
Renaissance Technologies
New York
-$5.52M
4
Osaic Holdings
Osaic Holdings
Arizona
-$4.32M
5
APP
Avantax Planning Partners
Iowa
-$3.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
GWSG
251
GPS Wealth Strategies Group
Colorado
$280K – – –
RIA
252
Regal Investment Advisors
Michigan
$276K -$18.6K -362 -6%
FPCG
253
Forum Private Client Group
Indiana
$276K +$278K +5,402 New
HIM
254
Hanlon Investment Management
New Jersey
$275K – – –
CFC
255
Coyle Financial Counsel
Illinois
$274K +$276K +5,366 New
TSWM
256
Tyler-Stone Wealth Management
Ohio
$270K +$2.16K +42 +0.8%
GWM
257
Geneos Wealth Management
Colorado
$269K – – –
PFS
258
Prospect Financial Services
New York
$266K +$1.03K +20 +0.4%
STFP
259
Signal Tree Financial Partners
Ohio
$263K +$265K +5,162 New
LWM
260
Lionshead Wealth Management
New York
$260K +$262K +5,098 New
EGM
261
Engineers Gate Manager
New York
$260K +$262K +5,088 New
MFS
262
McNamara Financial Services
Massachusetts
$256K -$56.7K -1,103 -18%
IWA
263
Icon Wealth Advisors
Texas
$255K +$2.06K +40 +0.8%
AFG
264
Atomi Financial Group
New York
$249K +$252K +4,891 New
CJH
265
Christopher J. Hasenberg
Wisconsin
$249K +$85.6K +1,664 +52%
Creative Planning
266
Creative Planning
Kansas
$247K – – –
OFS
267
OneAscent Financial Services
Alabama
$245K +$247K +4,800 New
BW
268
Bison Wealth
Georgia
$238K -$9.26K -180 -4%
MW
269
Maia Wealth
Colorado
$234K +$235K +4,575 New
LA
270
Lifeworks Advisors
Michigan
$232K – – –
CAS
271
Coppell Advisory Solutions
Texas
$223K +$182K +3,535 +428%
CCM
272
Condor Capital Management
New Jersey
$219K – – –
GCA
273
Genesee Capital Advisors
New York
$218K +$1.75K +34 +0.8%
TCM
274
Triumph Capital Management
Colorado
$214K +$216K +4,201 New
PA
275
Pineridge Advisors
Missouri
$208K -$159K -3,083 -43%
9 10
11
12 13

FMB Hedge Fund Activity: Q4 2024 in Review

308 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2024, worth a combined $2.75B — up 78% from $1.54B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new FMB positions and 24 closed out — a net gain of 15 holders — while 124 added to existing stakes and 111 trimmed.

The largest buyer was Independent Advisor Alliance, opening a new position worth an estimated $15M. The largest seller was LPL Financial, cutting an estimated $20.9M.

  • 308 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2024, up from 301 in Q3 2024.
  • Funds reported $2.75B of First Trust Managed Municipal ETF stock for Q4 2024, up 78% quarter-over-quarter.
  • 39 funds opened new First Trust Managed Municipal ETF positions in Q4 2024 and 24 closed out, a net change of +15 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q4 2024 was Independent Advisor Alliance, an estimated $15M added.
  • The largest First Trust Managed Municipal ETF seller in Q4 2024 was LPL Financial, an estimated $20.9M sold.

Based on aggregated 13F filings for Q4 2024.