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First Trust Managed Municipal ETF
FMB

123 hedge funds and large institutions have $493M invested in First Trust Managed Municipal ETF in 2019 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 78 increasing their positions, 15 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

420% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 15

400% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 4

30% more capital invested

Capital invested by funds: $380M → $493M (+$112M)

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

12% more funds holding

Funds holding: 110 → 123 (+13)

1.17% less ownership

Funds ownership: 60.31% → 59.14% (-1.2%)

Holders
123
Holders Change
+13
Holders Change %
+11.82%
% of All Funds
2.67%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.11%
New
20
Increased
78
Reduced
15
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$19.5M
2
Wells Fargo
Wells Fargo
California
+$13.4M
3
Morgan Stanley
Morgan Stanley
New York
+$8.86M
4
LPL Financial
LPL Financial
California
+$7.99M
5
AAS
Avantax Advisory Services
Texas
+$7.45M

Top Sellers

Rank Fund Capital Flow
1
BCP
Blackhawk Capital Partners
Wisconsin
-$1.39M
2
SB
Suntrust Banks
Georgia
-$865K
3
MSAM
Moloney Securities Asset Management
Missouri
-$797K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$476K
5
IWM
IHT Wealth Management
Illinois
-$429K
Name Holding Trade Value Shares
Change 		Change in
Stake
LA
51
LexAurum Advisors
Kansas
$1.52M -$53.4K -983 -3%
ECM
52
ETrade Capital Management
Virginia
$1.45M +$677K +12,473 +89%
SCM
53
Smith Capital Management
Arkansas
$1.42M +$44.2K +815 +3%
NA
54
NewEdge Advisors
Louisiana
$1.38M +$298K +5,487 +28%
MIC
55
Means Investment Company
Maine
$1.21M -$64.1K -1,180 -5%
FTUS
56
Flow Traders U.S.
New York
$1.08M +$1.07M +19,798 New
FAAS
57
First Allied Advisory Services
California
$1.07M +$17.8K +327 +2%
CIAS
58
Capital Investment Advisory Services
North Carolina
$983K +$296K +5,450 +44%
FF
59
Fluent Financial
Texas
$950K +$21.2K +391 +2%
CAN
60
Cetera Advisor Networks
California
$895K -$2.23K -41 -0.3%
CFG
61
Cooper Financial Group
California
$895K +$887K +16,345 New
CFG
62
CMC Financial Group
Georgia
$884K +$876K +16,133 New
FAIM
63
Financial Advocates Investment Management
Washington
$851K +$520K +9,579 +161%
IWM
64
IHT Wealth Management
Illinois
$841K -$429K -7,905 -34%
MIAN
65
Mariner Independent Advisor Network
Kansas
$822K +$99.3K +1,829 +14%
OAM
66
Occidental Asset Management
California
$811K – – –
OIA
67
OneDigital Investment Advisors
Kansas
$745K -$245K -4,516 -25%
FA
68
FMA Advisory
Pennsylvania
$725K -$203K -3,742 -22%
GTAM
69
Global Trust Asset Management
Florida
$675K +$181K +3,327 +37%
SWA
70
Stratos Wealth Advisors
Ohio
$578K +$573K +10,546 New
Ameriprise
71
Ameriprise
Minnesota
$572K +$59.7K +1,100 +12%
BTS
72
BB&T Securities
Virginia
$570K +$211K +3,888 +60%
RCAG
73
Rehmann Capital Advisory Group
Michigan
$569K +$148K +2,732 +36%
ASN
74
Advisory Services Network
Georgia
$545K +$518K +9,540 +2,333%
HCIA
75
Hochman Cole Investment Advisors
Illinois
$544K – – –
1 2
3
4 5

FMB Hedge Fund Activity: Q2 2019 in Review

123 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2019, worth a combined $493M — up 30% from $380M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new FMB positions and 4 closed out — a net gain of 16 holders — while 78 added to existing stakes and 15 trimmed.

The largest buyer was UBS Group, adding an estimated $19.5M. The largest seller was Blackhawk Capital Partners, cutting an estimated $1.39M.

  • 123 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2019, up from 110 in Q1 2019.
  • Funds reported $493M of First Trust Managed Municipal ETF stock for Q2 2019, up 30% quarter-over-quarter.
  • 20 funds opened new First Trust Managed Municipal ETF positions in Q2 2019 and 4 closed out, a net change of +16 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q2 2019 was UBS Group, an estimated $19.5M added.
  • The largest First Trust Managed Municipal ETF seller in Q2 2019 was Blackhawk Capital Partners, an estimated $1.39M sold.

Based on aggregated 13F filings for Q2 2019.