First Trust Managed Municipal ETF
44 hedge funds and large institutions have $102M invested in First Trust Managed Municipal ETF in 2017 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 7 reducing their positions, and 3 closing their positions.
233% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 3
186% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 7
42% more capital invested
Capital invested by funds: $72M → $102M (+$30M)
13% more funds holding
Funds holding: 39 → 44 (+5)
3.64% more ownership
Funds ownership: 49.62% → 53.25% (+3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$8.09M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$7.27M |
| 3 |
Morgan Stanley
New York
|
+$4.43M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.96M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$1.06M |
| 2 |
NFG
Next Financial Group
Houston,
Texas
|
-$214K |
| 3 |
LI
LVZ Inc
Holland,
Michigan
|
-$147K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$53.6K |
| 5 |
RIA
Regal Investment Advisors
Kentwood,
Michigan
|
-$31.6K |
FMB Hedge Fund Activity: Q3 2017 in Review
44 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2017, worth a combined $102M — up 42% from $72M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FMB positions and 3 closed out — a net gain of 7 holders — while 20 added to existing stakes and 7 trimmed.
The largest buyer was Aviance Capital Management, opening a new position worth an estimated $8.09M. The largest seller was Goldman Sachs, cutting an estimated $1.06M.
- 44 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2017, up from 39 in Q2 2017.
- Funds reported $102M of First Trust Managed Municipal ETF stock for Q3 2017, up 42% quarter-over-quarter.
- 10 funds opened new First Trust Managed Municipal ETF positions in Q3 2017 and 3 closed out, a net change of +7 holders.
- The largest First Trust Managed Municipal ETF buyer in Q3 2017 was Aviance Capital Management, an estimated $8.09M added.
- The largest First Trust Managed Municipal ETF seller in Q3 2017 was Goldman Sachs, an estimated $1.06M sold.
Based on aggregated 13F filings for Q3 2017.