First Trust Managed Municipal ETF
297 hedge funds and large institutions have $1.53B invested in First Trust Managed Municipal ETF in 2024 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 126 increasing their positions, 111 reducing their positions, and 22 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 111
0% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 22
0% less funds holding
Funds holding: 298 → 297 (-1)
4% less capital invested
Capital invested by funds: $1.6B → $1.53B (-$70.4M)
5.06% less ownership
Funds ownership: 82.27% → 77.21% (-5.1%)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$15.3M |
| 2 |
LPL Financial
San Diego,
California
|
+$13.7M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$9.82M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$9.25M |
| 5 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$8.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$122M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$7.74M |
| 3 |
SPWG
Syntegra Private Wealth Group
Chesterfield,
Missouri
|
-$7.29M |
| 4 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
-$7.24M |
| 5 |
Renaissance Technologies
New York
|
-$5.69M |
FMB Hedge Fund Activity: Q1 2024 in Review
297 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2024, worth a combined $1.53B — down 4.4% from $1.6B a quarter earlier.
Fund positioning in FMB was balanced in Q1 2024: 22 funds opened new positions, 22 closed out, 126 added to existing stakes and 111 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $15.3M. The largest seller was Morgan Stanley, cutting an estimated $122M.
- 297 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2024, down from 298 in Q4 2023.
- Funds reported $1.53B of First Trust Managed Municipal ETF stock for Q1 2024, down 4.4% quarter-over-quarter.
- 22 funds opened new First Trust Managed Municipal ETF positions in Q1 2024 and 22 closed out, a net change of 0 holders.
- The largest First Trust Managed Municipal ETF buyer in Q1 2024 was Jane Street, an estimated $15.3M added.
- The largest First Trust Managed Municipal ETF seller in Q1 2024 was Morgan Stanley, an estimated $122M sold.
Based on aggregated 13F filings for Q1 2024.