First Trust Managed Municipal ETF
33 hedge funds and large institutions have $60.9M invested in First Trust Managed Municipal ETF in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 7 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
129% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 7
57% more capital invested
Capital invested by funds: $38.7M → $60.9M (+$22.1M)
26.17% more ownership
Funds ownership: 47.27% → 73.44% (+26%)
22% more funds holding
Funds holding: 27 → 33 (+6)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$13.4M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$3.88M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.23M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$820K |
| 5 |
CCA
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
+$469K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$1.49M |
| 2 |
LI
LVZ Inc
Holland,
Michigan
|
-$152K |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
-$151K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$125K |
| 5 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$51K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Stifel Financial
St. Louis,
Missouri
| $205K | +$204K | +3,956 | New |
|
|
CP
27
Camelot Portfolios
Maumee,
Ohio
| $204K | -$42.8K | -832 | -17% |
|
|
PMFA
28
Plante Moran Financial Advisors
Southfield,
Michigan
| $86K | +$86K | +1,670 | New |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| $53K | -$151K | -2,935 | -74% |
|
|
30
Envestnet Asset Management
Chicago,
Illinois
| $26K | -$125K | -2,436 | -83% |
|
|
BFEC
31
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $26K | +$9.22K | +179 | +56% |
|
|
PB
32
Pinnacle Bancorp
Beatrice,
Nebraska
| $22K | +$21.6K | +420 | New |
|
33
UBS Group
Zurich,
Switzerland
| $3K | +$3.4K | +66 | New |
|
|
MIFH
34
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
| – | -$51K | -1,000 | Closed |
|
|
SFS
35
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$5K | -100 | Closed |
|
FMB Hedge Fund Activity: Q1 2017 in Review
33 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2017, worth a combined $60.9M — up 57% from $38.7M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FMB positions and 2 closed out — a net gain of 7 holders — while 16 added to existing stakes and 7 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $13.4M. The largest seller was LPL Financial, cutting an estimated $1.49M.
- 33 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2017, up from 27 in Q4 2016.
- Funds reported $60.9M of First Trust Managed Municipal ETF stock for Q1 2017, up 57% quarter-over-quarter.
- 9 funds opened new First Trust Managed Municipal ETF positions in Q1 2017 and 2 closed out, a net change of +7 holders.
- The largest First Trust Managed Municipal ETF buyer in Q1 2017 was Morgan Stanley, an estimated $13.4M added.
- The largest First Trust Managed Municipal ETF seller in Q1 2017 was LPL Financial, an estimated $1.49M sold.
Based on aggregated 13F filings for Q1 2017.