First Trust Managed Municipal ETF
277 hedge funds and large institutions have $1.37B invested in First Trust Managed Municipal ETF in 2022 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 101 increasing their positions, 121 reducing their positions, and 35 closing their positions.
13% more capital invested
Capital invested by funds: $1.21B → $1.37B (+$154M)
3.49% more ownership
Funds ownership: 68.75% → 72.24% (+3.5%)
9% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 35
3% less funds holding
Funds holding: 285 → 277 (-8)
17% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 121
33% less funds holding in top 10
Funds holding in top 10: 18 → 12 (-6)
Top Buyers
| 1 |
UBS Group
Zurich,
Switzerland
|
+$41M |
| 2 |
Jane Street
New York
|
+$37.2M |
| 3 |
APP
Avantax Planning Partners
Dubuque,
Iowa
|
+$25.3M |
| 4 |
CWM
Congress Wealth Management
Boston,
Massachusetts
|
+$23.8M |
| 5 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$17.5M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EFS
301
Essex Financial Services
Essex,
Connecticut
| – | -$239K | -4,915 | Closed |
|
|
SMF
302
Sterling Manor Financial
Saratoga Springs,
New York
| – | -$211K | -4,334 | Closed |
|
|
ODG
303
O'Dell Group
Cincinnati,
Ohio
| – | -$170K | -3,487 | Closed |
|
|
GWSG
304
GPS Wealth Strategies Group
Centennial,
Colorado
| – | -$162K | -3,325 | Closed |
|
|
FEG
305
Financial Enhancement Group
Anderson,
Indiana
| – | -$74K | -1,525 | Closed |
|
|
EIP
306
Ellis Investment Partners
Berwyn,
Pennsylvania
| – | -$58K | -1,202 | Closed |
|
|
CHA
307
Carmichael Hill & Associates
Gaithersburg,
Maryland
| – | -$47K | -972 | Closed |
|
|
RCM
308
Raleigh Capital Management
Cary,
North Carolina
| – | -$31K | -636 | Closed |
|
|
CWA
309
Clearview Wealth Advisors
Salem,
Oregon
| – | -$17K | -350 | Closed |
|
|
HGERS
310
Householder Group Estate & Retirement Specialist
Scottsdale,
Arizona
| – | -$8K | -180 | Closed |
|
311
BNP Paribas Financial Markets
Paris,
France
| – | -$4.87K | -100 | Closed |
|
312
JP Morgan Chase
New York
| – | -$2K | -42 | Closed |
|
FMB Hedge Fund Activity: Q4 2022 in Review
277 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2022, worth a combined $1.37B — up 13% from $1.21B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of FMB and 32 opened new positions — a net loss of 3 holders — while 121 trimmed existing stakes and 101 added.
The largest buyer was UBS Group, adding an estimated $41M. The largest seller was Bank of America, cutting an estimated $21M.
- 277 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2022, down from 285 in Q3 2022.
- Funds reported $1.37B of First Trust Managed Municipal ETF stock for Q4 2022, up 13% quarter-over-quarter.
- 32 funds opened new First Trust Managed Municipal ETF positions in Q4 2022 and 35 closed out, a net change of -3 holders.
- The largest First Trust Managed Municipal ETF buyer in Q4 2022 was UBS Group, an estimated $41M added.
- The largest First Trust Managed Municipal ETF seller in Q4 2022 was Bank of America, an estimated $21M sold.
Based on aggregated 13F filings for Q4 2022.