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First Trust Managed Municipal ETF
FMB

134 hedge funds and large institutions have $621M invested in First Trust Managed Municipal ETF in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 87 increasing their positions, 18 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

383% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 18

220% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 5

26% more capital invested

Capital invested by funds: $493M → $621M (+$129M)

9% more funds holding

Funds holding: 123 → 134 (+11)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0.46% less ownership

Funds ownership: 59.14% → 58.68% (-0.46%)

Holders
134
Holders Change
+11
Holders Change %
+8.94%
% of All Funds
2.94%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
16
Increased
87
Reduced
18
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$15.4M
2
Morgan Stanley
Morgan Stanley
New York
+$15.3M
3
Bank of America
Bank of America
North Carolina
+$12.8M
4
Wells Fargo
Wells Fargo
California
+$7.6M
5
LPL Financial
LPL Financial
California
+$6.57M

Top Sellers

Rank Fund Capital Flow
1
FTUS
Flow Traders U.S.
New York
-$1.08M
2
CFG
CMC Financial Group
Georgia
-$884K
3
WP
WealthSource Partners
California
-$330K
4
HighTower Advisors
HighTower Advisors
Illinois
-$192K
5
MMHP
Murphy Middleton Hinkle & Parker
Georgia
-$150K
Name Holding Trade Value Shares
Change 		Change in
Stake
MML Investors Services
26
MML Investors Services
Massachusetts
$4.84M +$2.77M +49,927 +134%
SEIA
27
Signature Estate & Investment Advisors
California
$4.6M +$419K +7,553 +10%
GIA
28
Gladstone Institutional Advisory
Florida
$4.41M +$1.9M +34,182 +76%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$4.28M +$1.25M +22,516 +41%
PAG
30
Private Advisor Group
New Jersey
$3.99M +$1.17M +21,026 +41%
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$3.37M +$946K +17,051 +39%
FHC
32
First Heartland Consultants
Missouri
$3.25M +$1.25M +22,440 +62%
SCA
33
Snowden Capital Advisors
New York
$3.02M +$410K +7,388 +16%
BFG
34
Barber Financial Group
Kansas
$3.02M +$450K +8,109 +18%
MI
35
Moneywise Inc
Virginia
$2.93M +$239K +4,311 +9%
MA
36
Mutual Advisors
Nebraska
$2.82M +$1M +18,052 +55%
SPIA
37
Steward Partners Investment Advisory
New York
$2.75M +$396K +7,133 +17%
IA
38
IFG Advisory
Georgia
$2.71M +$2.71M +48,771 New
LI
39
LVZ Inc
Michigan
$2.54M +$114K +2,049 +5%
SFS
40
Sowell Financial Services
Arkansas
$2.52M +$2.52M +45,446 New
FEG
41
Financial Enhancement Group
Indiana
$2.49M +$2.44M +43,886 +4,620%
Baird Financial Group
42
Baird Financial Group
Wisconsin
$2.42M +$658K +11,853 +37%
NFG
43
Next Financial Group
Texas
$2.41M +$1.96M +35,369 +441%
ECM
44
ETrade Capital Management
Virginia
$2.37M +$894K +16,104 +61%
CCA
45
Clearwater Capital Advisors
Illinois
$2.31M -$49.9K -900 -2%
Stifel Financial
46
Stifel Financial
Missouri
$2.22M +$1.87M +33,787 +556%
NWM
47
Northwest Wealth Management
Iowa
$2.2M -$68.9K -1,242 -3%
CAPTRUST Financial Advisors
48
CAPTRUST Financial Advisors
North Carolina
$2.17M +$13.6K +245 +0.6%
AC
49
Avestar Capital
New York
$2.13M -$86.3K -1,556 -4%
Janney Montgomery Scott
50
Janney Montgomery Scott
Pennsylvania
$2.06M -$54.7K -985 -3%
1
2
3 4 5

FMB Hedge Fund Activity: Q3 2019 in Review

134 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2019, worth a combined $621M — up 26% from $493M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new FMB positions and 5 closed out — a net gain of 11 holders — while 87 added to existing stakes and 18 trimmed.

The largest buyer was UBS Group, adding an estimated $15.4M. The largest seller was Flow Traders U.S., exiting entirely with an estimated $1.08M sold.

  • 134 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2019, up from 123 in Q2 2019.
  • Funds reported $621M of First Trust Managed Municipal ETF stock for Q3 2019, up 26% quarter-over-quarter.
  • 16 funds opened new First Trust Managed Municipal ETF positions in Q3 2019 and 5 closed out, a net change of +11 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q3 2019 was UBS Group, an estimated $15.4M added.
  • The largest First Trust Managed Municipal ETF seller in Q3 2019 was Flow Traders U.S., an estimated $1.08M sold.

Based on aggregated 13F filings for Q3 2019.