First Trust Managed Municipal ETF
302 hedge funds and large institutions have $1.55B invested in First Trust Managed Municipal ETF in 2025 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 116 increasing their positions, 128 reducing their positions, and 27 closing their positions.
1.7% more ownership
Funds ownership: 76.14% → 77.85% (+1.7%)
7% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 27
9% less repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 128
2% less funds holding
Funds holding: 308 → 302 (-6)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
43% less capital invested
Capital invested by funds: $2.75B → $1.55B (-$1.19B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$19.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$14.3M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$10.6M |
| 4 |
Jane Street
New York
|
+$9.32M |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$7.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$14.8M |
| 2 |
Morgan Stanley
New York
|
-$8.19M |
| 3 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$7.92M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$3.21M |
| 5 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
-$3.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
326
Bessemer Group
Woodbridge,
New Jersey
| – | -$25K | -493 | Closed |
|
|
DRP
327
Decker Retirement Planning
Levi,
Utah
| – | -$10.7K | -210 | Closed |
|
|
MDA
328
Minot DeBlois Advisors
Boston,
Massachusetts
| – | -$5.3K | -104 | Closed |
|
|
VWM
329
Venturi Wealth Management
Austin,
Texas
| – | -$1.48K | -29 | Closed |
|
330
Fidelity Investments
Boston,
Massachusetts
| – | -$51 | -1 | Closed |
|
FMB Hedge Fund Activity: Q1 2025 in Review
302 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2025, worth a combined $1.55B — down 43% from $2.75B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of FMB and 25 opened new positions — a net loss of 2 holders — while 128 trimmed existing stakes and 116 added.
The largest buyer was Creative Planning, adding an estimated $19.5M. The largest seller was Independent Advisor Alliance, exiting entirely with an estimated $14.8M sold.
- 302 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2025, down from 308 in Q4 2024.
- Funds reported $1.55B of First Trust Managed Municipal ETF stock for Q1 2025, down 43% quarter-over-quarter.
- 25 funds opened new First Trust Managed Municipal ETF positions in Q1 2025 and 27 closed out, a net change of -2 holders.
- The largest First Trust Managed Municipal ETF buyer in Q1 2025 was Creative Planning, an estimated $19.5M added.
- The largest First Trust Managed Municipal ETF seller in Q1 2025 was Independent Advisor Alliance, an estimated $14.8M sold.
Based on aggregated 13F filings for Q1 2025.