First Trust Managed Municipal ETF
85 hedge funds and large institutions have $310M invested in First Trust Managed Municipal ETF in 2018 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 50 increasing their positions, 12 reducing their positions, and 5 closing their positions.
317% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 12
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
43% more capital invested
Capital invested by funds: $216M → $310M (+$93.7M)
12% more funds holding
Funds holding: 76 → 85 (+9)
0.36% less ownership
Funds ownership: 56.36% → 56.01% (-0.36%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$10.2M |
| 2 |
Morgan Stanley
New York
|
+$4.87M |
| 3 |
BCP
Blackhawk Capital Partners
Thiensville,
Wisconsin
|
+$3.45M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$3.21M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$3.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$4.76M |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$4.2M |
| 3 |
VF
Virtu Financial
New York
|
-$1.82M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.14M |
| 5 |
PCM
Prelude Capital Management
New York
|
-$563K |
FMB Hedge Fund Activity: Q3 2018 in Review
85 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2018, worth a combined $310M — up 43% from $216M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FMB positions and 5 closed out — a net gain of 9 holders — while 50 added to existing stakes and 12 trimmed.
The largest buyer was UBS Group, adding an estimated $10.2M. The largest seller was Raymond James & Associates, cutting an estimated $4.76M.
- 85 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2018, up from 76 in Q2 2018.
- Funds reported $310M of First Trust Managed Municipal ETF stock for Q3 2018, up 43% quarter-over-quarter.
- 14 funds opened new First Trust Managed Municipal ETF positions in Q3 2018 and 5 closed out, a net change of +9 holders.
- The largest First Trust Managed Municipal ETF buyer in Q3 2018 was UBS Group, an estimated $10.2M added.
- The largest First Trust Managed Municipal ETF seller in Q3 2018 was Raymond James & Associates, an estimated $4.76M sold.
Based on aggregated 13F filings for Q3 2018.