First Trust Managed Municipal ETF
285 hedge funds and large institutions have $1.21B invested in First Trust Managed Municipal ETF in 2022 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 110 increasing their positions, 118 reducing their positions, and 23 closing their positions.
6% more funds holding in top 10
Funds holding in top 10: 17 → 18 (+1)
0.11% more ownership
Funds ownership: 68.64% → 68.75% (+0.11%)
4% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 23
7% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 118
1% less funds holding
Funds holding: 288 → 285 (-3)
10% less capital invested
Capital invested by funds: $1.35B → $1.21B (-$132M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
+$11.5M |
| 2 |
LPL Financial
San Diego,
California
|
+$9.35M |
| 3 |
Morgan Stanley
New York
|
+$6.51M |
| 4 |
VCP
Verus Capital Partners
Scottsdale,
Arizona
|
+$6.27M |
| 5 |
WEPOG
Wealth Enhancement & Preservation of GA
Alpharetta,
Georgia
|
+$6.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$29.5M |
| 2 |
Jane Street
New York
|
-$18.7M |
| 3 |
GAG
GM Advisory Group
Melville,
New York
|
-$16.1M |
| 4 |
CAMG
CWA Asset Management Group
Naples,
Florida
|
-$12.7M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$8.27M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KWM
301
Kingsview Wealth Management
Grants Pass,
Oregon
| – | -$207K | -4,088 | Closed |
|
|
GWM
302
Gray Wealth Management
Bangor,
Maine
| – | -$203K | -4,020 | Closed |
|
|
IAIM
303
International Assets Investment Management
Orlando,
Florida
| – | -$201 | -3,972 | Closed |
|
|
MPWT
304
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$179K | -3,541 | Closed |
|
|
AWM
305
Activest Wealth Management
Aventure,
Florida
| – | -$39K | -768 | Closed |
|
|
AW
306
ACG Wealth
Atlanta,
Georgia
| – | -$38K | -750 | Closed |
|
|
CA
307
CoreCap Advisors
Southfield,
Michigan
| – | -$22K | -444 | Closed |
|
308
Fidelity Investments
Boston,
Massachusetts
| – | +$102 | +2 | +67% |
|
FMB Hedge Fund Activity: Q3 2022 in Review
285 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2022, worth a combined $1.21B — down 9.8% from $1.35B a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of FMB and 22 opened new positions — a net loss of 1 holder — while 118 trimmed existing stakes and 110 added.
The largest buyer was Rockefeller Capital Management, adding an estimated $11.5M. The largest seller was Bank of America, cutting an estimated $29.5M.
- 285 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2022, down from 288 in Q2 2022.
- Funds reported $1.21B of First Trust Managed Municipal ETF stock for Q3 2022, down 9.8% quarter-over-quarter.
- 22 funds opened new First Trust Managed Municipal ETF positions in Q3 2022 and 23 closed out, a net change of -1 holder.
- The largest First Trust Managed Municipal ETF buyer in Q3 2022 was Rockefeller Capital Management, an estimated $11.5M added.
- The largest First Trust Managed Municipal ETF seller in Q3 2022 was Bank of America, an estimated $29.5M sold.
Based on aggregated 13F filings for Q3 2022.