First Trust Managed Municipal ETF
276 hedge funds and large institutions have $1.37B invested in First Trust Managed Municipal ETF in 2023 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 104 increasing their positions, 109 reducing their positions, and 24 closing their positions.
25% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 24
1% more funds holding
Funds holding: 274 → 276 (+2)
0.44% more ownership
Funds ownership: 72.51% → 72.95% (+0.44%)
1% less capital invested
Capital invested by funds: $1.38B → $1.37B (-$7.94M)
5% less repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 109
25% less funds holding in top 10
Funds holding in top 10: 12 → 9 (-3)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $348K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$6.29M |
| 2 |
VWA
Visionary Wealth Advisors
O'fallon,
Illinois
|
+$2.39M |
| 3 |
LPL Financial
San Diego,
California
|
+$2.36M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$2.16M |
| 5 |
KIG
Kowal Investment Group
Brookfield,
Wisconsin
|
+$2.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Congress Wealth Management
Boston,
Massachusetts
|
-$16.1M |
| 2 |
Renaissance Technologies
New York
|
-$9.75M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$6M |
| 4 |
LPT
Legacy Private Trust
Neenah,
Wisconsin
|
-$5.67M |
| 5 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$5.26M |
FMB Hedge Fund Activity: Q2 2023 in Review
276 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2023, worth a combined $1.37B — down 0.58% from $1.38B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new FMB positions and 24 closed out — a net gain of 6 holders — while 104 added to existing stakes and 109 trimmed.
The largest buyer was Bank of America, adding an estimated $6.29M. The largest seller was Congress Wealth Management, cutting an estimated $16.1M.
- 276 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2023, up from 274 in Q1 2023.
- Funds reported $1.37B of First Trust Managed Municipal ETF stock for Q2 2023, down 0.58% quarter-over-quarter.
- 30 funds opened new First Trust Managed Municipal ETF positions in Q2 2023 and 24 closed out, a net change of +6 holders.
- The largest First Trust Managed Municipal ETF buyer in Q2 2023 was Bank of America, an estimated $6.29M added.
- The largest First Trust Managed Municipal ETF seller in Q2 2023 was Congress Wealth Management, an estimated $16.1M sold.
Based on aggregated 13F filings for Q2 2023.