First Trust Managed Municipal ETF
308 hedge funds and large institutions have $2.75B invested in First Trust Managed Municipal ETF in 2024 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 124 increasing their positions, 111 reducing their positions, and 24 closing their positions.
78% more capital invested
Capital invested by funds: $1.54B → $2.75B (+$1.2B)
63% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 24
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
12% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 111
2% more funds holding
Funds holding: 301 → 308 (+7)
0.03% more ownership
Funds ownership: 76.11% → 76.14% (+0.03%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$15M |
| 2 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
+$6.65M |
| 3 |
LFG
Larson Financial Group
St Louis,
Missouri
|
+$4.39M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$3.23M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$2.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$20.9M |
| 2 |
JP Morgan Chase
New York
|
-$10.2M |
| 3 |
Renaissance Technologies
New York
|
-$5.52M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$4.32M |
| 5 |
APP
Avantax Planning Partners
Dubuque,
Iowa
|
-$3.71M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QCIG
326
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$222K | -4,264 | Closed |
|
|
DWM
327
Dopkins Wealth Management
Williamsville,
New York
| – | -$201K | -3,876 | Closed |
|
328
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$75K | -1,443 | Closed |
|
|
FAM
329
Flaharty Asset Management
Clearwater,
Florida
| – | -$30.5K | -587 | Closed |
|
330
BNP Paribas Financial Markets
Paris,
France
| – | -$12.1K | -233 | Closed |
|
|
GA
331
GoalVest Advisory
New York
| – | -$9.92K | -191 | Closed |
|
|
JIP
332
Jaffetilchin Investment Partners
Tampa,
Florida
| – | -$5.66K | -109 | Closed |
|
|
TRCT
333
Tower Research Capital (TRC)
New York
| – | -$4.62K | -89 | Closed |
|
|
PIS
334
POM Investment Strategies
Raleigh,
North Carolina
| – | -$260 | -5 | Closed |
|
FMB Hedge Fund Activity: Q4 2024 in Review
308 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2024, worth a combined $2.75B — up 78% from $1.54B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new FMB positions and 24 closed out — a net gain of 15 holders — while 124 added to existing stakes and 111 trimmed.
The largest buyer was Independent Advisor Alliance, opening a new position worth an estimated $15M. The largest seller was LPL Financial, cutting an estimated $20.9M.
- 308 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2024, up from 301 in Q3 2024.
- Funds reported $2.75B of First Trust Managed Municipal ETF stock for Q4 2024, up 78% quarter-over-quarter.
- 39 funds opened new First Trust Managed Municipal ETF positions in Q4 2024 and 24 closed out, a net change of +15 holders.
- The largest First Trust Managed Municipal ETF buyer in Q4 2024 was Independent Advisor Alliance, an estimated $15M added.
- The largest First Trust Managed Municipal ETF seller in Q4 2024 was LPL Financial, an estimated $20.9M sold.
Based on aggregated 13F filings for Q4 2024.