First Trust Managed Municipal ETF
296 hedge funds and large institutions have $1.68B invested in First Trust Managed Municipal ETF in 2021 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 128 increasing their positions, 68 reducing their positions, and 11 closing their positions.
482% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 11
88% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 68
19% more funds holding
Funds holding: 249 → 296 (+47)
12% more funds holding in top 10
Funds holding in top 10: 17 → 19 (+2)
12% more capital invested
Capital invested by funds: $1.51B → $1.68B (+$174M)
3.91% more ownership
Funds ownership: 63.78% → 67.69% (+3.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$18.6M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$17M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$12.7M |
| 4 |
LPL Financial
San Diego,
California
|
+$8.99M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$6.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
ARQ Wealth Advisors
Scottsdale,
Arizona
|
-$8.37M |
| 2 |
Jane Street
New York
|
-$6.99M |
| 3 |
HW
Hedeker Wealth
Lincolnshire,
Illinois
|
-$5.86M |
| 4 |
HI
Harbour Investments
Madison,
Wisconsin
|
-$4.11M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$4.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WCFA
301
Walkner Condon Financial Advisors
Madison,
Wisconsin
| – | -$1.94M | -34,219 | Closed |
|
|
GBT
302
Grove Bank & Trust
Miami,
Florida
| – | -$429K | -7,550 | Closed |
|
|
WAP
303
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$335K | -5,902 | Closed |
|
|
IAN
304
Integrated Advisors Network
Dallas,
Texas
| – | -$224K | -3,946 | Closed |
|
|
JCM
305
Jacobi Capital Management
Pittston,
Pennsylvania
| – | -$23K | -403 | Closed |
|
306
Fidelity Investments
Boston,
Massachusetts
| – | -$57 | -1 | -50% |
|
FMB Hedge Fund Activity: Q4 2021 in Review
296 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2021, worth a combined $1.68B — up 12% from $1.51B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new FMB positions and 11 closed out — a net gain of 53 holders — while 128 added to existing stakes and 68 trimmed.
The largest buyer was HighTower Advisors, adding an estimated $18.6M. The largest seller was ARQ Wealth Advisors, exiting entirely with an estimated $8.37M sold.
- 296 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2021, up from 249 in Q3 2021.
- Funds reported $1.68B of First Trust Managed Municipal ETF stock for Q4 2021, up 12% quarter-over-quarter.
- 64 funds opened new First Trust Managed Municipal ETF positions in Q4 2021 and 11 closed out, a net change of +53 holders.
- The largest First Trust Managed Municipal ETF buyer in Q4 2021 was HighTower Advisors, an estimated $18.6M added.
- The largest First Trust Managed Municipal ETF seller in Q4 2021 was ARQ Wealth Advisors, an estimated $8.37M sold.
Based on aggregated 13F filings for Q4 2021.