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First Trust Managed Municipal ETF
FMB

64 hedge funds and large institutions have $150M invested in First Trust Managed Municipal ETF in 2017 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 26 increasing their positions, 8 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 4

225% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 8

47% more capital invested

Capital invested by funds: $102M → $150M (+$47.6M)

45% more funds holding

Funds holding: 44 → 64 (+20)

15.66% more ownership

Funds ownership: 53.25% → 68.91% (+16%)

Holders
64
Holders Change
+20
Holders Change %
+45.45%
% of All Funds
1.45%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
24
Increased
26
Reduced
8
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$11.1M
2
Bank of America
Bank of America
North Carolina
+$5.34M
3
LPT
Legacy Private Trust
Wisconsin
+$3.83M
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$3.55M
5
UBS Group
UBS Group
Switzerland
+$2.84M

Top Sellers

1
IH
IFC Holdings
Florida
-$4.11M
2
ACM
Aviance Capital Management
Florida
-$896K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$676K
4
Goldman Sachs
Goldman Sachs
New York
-$357K
5
CP
Camelot Portfolios
Ohio
-$227K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$865K +$158K +2,966 +22%
FHC
27
First Heartland Consultants
Missouri
$821K -$69.3K -1,299 -8%
LA
28
LexAurum Advisors
Kansas
$792K +$793K +14,866 New
Citadel Advisors
29
Citadel Advisors
Florida
$677K +$675K +12,652 New
Goldman Sachs
30
Goldman Sachs
New York
$606K -$357K -6,689 -37%
OAM
31
Occidental Asset Management
California
$562K – – –
MML Investors Services
32
MML Investors Services
Massachusetts
$548K +$339K +6,359 +164%
WWMSC
33
Wagner Wealth Management (South Carolina)
South Carolina
$512K +$512K +9,593 New
BWM
34
BerganKDV Wealth Management
Minnesota
$490K +$24.1K +452 +5%
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$452K +$77K +1,443 +21%
HighTower Advisors
36
HighTower Advisors
Illinois
$435K +$1.39K +26 +0.3%
CIAS
37
Capital Investment Advisory Services
North Carolina
$409K – – –
Wells Fargo
38
Wells Fargo
California
$392K +$640 +12 +0.2%
APA
39
American Portfolios Advisors
New York
$323K +$322K +6,026 New
RIA
40
Regal Investment Advisors
Michigan
$316K -$9.28K -174 -3%
CFC
41
Coyle Financial Counsel
Illinois
$310K +$309K +5,800 New
AIP
42
Ameritas Investment Partners
Nebraska
$281K +$33.7K +631 +789%
PA
43
PFG Advisors
Arizona
$276K +$276K +5,166 New
KA
44
Kovack Advisors
Florida
$274K +$273K +5,123 New
AFC
45
AFT Forsyth & Company
Florida
$268K +$267K +5,000 New
PAG
46
Private Advisor Group
New Jersey
$264K -$178K -3,342 -40%
CAN
47
Cetera Advisor Networks
California
$238K +$238K +4,454 New
HFS
48
HL Financial Services
Kentucky
$219K -$69.3K -1,298 -24%
LI
49
LVZ Inc
Michigan
$212K – – –
Stifel Financial
50
Stifel Financial
Missouri
$207K -$480 -9 -0.2%
1
2
3

FMB Hedge Fund Activity: Q4 2017 in Review

64 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2017, worth a combined $150M — up 47% from $102M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new FMB positions and 4 closed out — a net gain of 20 holders — while 26 added to existing stakes and 8 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $11.1M. The largest seller was IFC Holdings, exiting entirely with an estimated $4.11M sold.

  • 64 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2017, up from 44 in Q3 2017.
  • Funds reported $150M of First Trust Managed Municipal ETF stock for Q4 2017, up 47% quarter-over-quarter.
  • 24 funds opened new First Trust Managed Municipal ETF positions in Q4 2017 and 4 closed out, a net change of +20 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q4 2017 was Morgan Stanley, an estimated $11.1M added.
  • The largest First Trust Managed Municipal ETF seller in Q4 2017 was IFC Holdings, an estimated $4.11M sold.

Based on aggregated 13F filings for Q4 2017.