First Trust Managed Municipal ETF
39 hedge funds and large institutions have $72M invested in First Trust Managed Municipal ETF in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 3 closing their positions.
233% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 3
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
18% more capital invested
Capital invested by funds: $60.9M → $72M (+$11.2M)
18% more funds holding
Funds holding: 33 → 39 (+6)
23.82% less ownership
Funds ownership: 73.44% → 49.62% (-24%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.91M |
| 2 |
IH
IFC Holdings
Tampa,
Florida
|
+$3.48M |
| 3 |
Jane Street
New York
|
+$1.84M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$748K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$742K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FA
FMA Advisory
Harrisburg,
Pennsylvania
|
-$974K |
| 2 |
Morgan Stanley
New York
|
-$834K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$462K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$416K |
| 5 |
Goldman Sachs
New York
|
-$305K |
FMB Hedge Fund Activity: Q2 2017 in Review
39 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2017, worth a combined $72M — up 18% from $60.9M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FMB positions and 3 closed out — a net gain of 7 holders — while 17 added to existing stakes and 9 trimmed.
The largest buyer was Bank of America, adding an estimated $3.91M. The largest seller was FMA Advisory, exiting entirely with an estimated $974K sold.
- 39 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2017, up from 33 in Q1 2017.
- Funds reported $72M of First Trust Managed Municipal ETF stock for Q2 2017, up 18% quarter-over-quarter.
- 10 funds opened new First Trust Managed Municipal ETF positions in Q2 2017 and 3 closed out, a net change of +7 holders.
- The largest First Trust Managed Municipal ETF buyer in Q2 2017 was Bank of America, an estimated $3.91M added.
- The largest First Trust Managed Municipal ETF seller in Q2 2017 was FMA Advisory, an estimated $974K sold.
Based on aggregated 13F filings for Q2 2017.