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First Trust Managed Municipal ETF
FMB

197 hedge funds and large institutions have $984M invested in First Trust Managed Municipal ETF in 2020 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 103 increasing their positions, 47 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

119% more repeat investments, than reductions

Existing positions increased: 103 | Existing positions reduced: 47

38% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 16

14% more capital invested

Capital invested by funds: $866M → $984M (+$118M)

10% more funds holding in top 10

Funds holding in top 10: 10 → 11 (+1)

3% more funds holding

Funds holding: 192 → 197 (+5)

1.51% more ownership

Funds ownership: 62.94% → 64.45% (+1.5%)

Holders
197
Holders Change
+5
Holders Change %
+2.6%
% of All Funds
4.04%
Holding in Top 10
11
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+10%
% of All Funds
0.23%
New
22
Increased
103
Reduced
47
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$18.9M
2
Wells Fargo
Wells Fargo
California
+$18.5M
3
Bank of America
Bank of America
North Carolina
+$17.5M
4
VBFG
Vishria Bird Financial Group
Tennessee
+$9.64M
5
LPL Financial
LPL Financial
California
+$4.85M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$20.7M
2
AWA
ARQ Wealth Advisors
Arizona
-$3.71M
3
TFS
Thoroughbred Financial Services
Tennessee
-$2.03M
4
BRC
BHF RG Capital
Arizona
-$1.18M
5
MHR
Matthew Hamilton Rosenberg
-$1.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
APWM
51
Atlas Private Wealth Management
New York
$2.98M +$248K +4,600 +9%
MAP
52
Milestone Advisory Partners
North Carolina
$2.96M +$1.37M +25,394 +90%
TCWM
53
Total Clarity Wealth Management
Illinois
$2.89M -$172K -3,187 -6%
FEG
54
Financial Enhancement Group
Indiana
$2.89M +$155K +2,870 +6%
AC
55
Avestar Capital
New York
$2.69M +$95K +1,764 +4%
LI
56
LVZ Inc
Michigan
$2.44M +$12.1K +225 +0.5%
Truist Financial
57
Truist Financial
North Carolina
$2.4M +$1.25M +23,251 +114%
MA
58
Mutual Advisors
Nebraska
$2.37M +$183K +3,397 +9%
SW
59
SteelPeak Wealth
California
$2.31M +$641K +11,895 +40%
HighTower Advisors
60
HighTower Advisors
Illinois
$2.3M +$305K +5,659 +16%
EH
61
Equitable Holdings
New York
$2.19M -$631K -11,720 -23%
SCM
62
Smith Capital Management
Arkansas
$2.14M -$145K -2,695 -6%
FAIM
63
Financial Advocates Investment Management
Washington
$2.13M +$396K +7,357 +23%
AIC
64
Ameritas Investment Company
Nebraska
$2.07M -$52.4K -974 -3%
OIA
65
OneDigital Investment Advisors
Kansas
$2.04M +$222K +4,128 +13%
3AM
66
3D Asset Management
Connecticut
$2M +$1.96M +36,345 New
LSPW
67
Lake Street Private Wealth
Illinois
$1.93M -$68.4K -1,270 -3%
BRC
68
BHF RG Capital
Arizona
$1.85M -$1.18M -21,873 -39%
CCA
69
Clearwater Capital Advisors
Illinois
$1.83M -$117K -2,178 -6%
AI
70
Atria Investments
North Carolina
$1.82M +$33.4K +620 +2%
GVAG
71
Great Valley Advisor Group
Delaware
$1.74M +$257K +4,777 +18%
FFN
72
Focus Financial Network
Minnesota
$1.74M +$1.7M +31,628 New
SFP
73
Strategic Financial Partners
Oregon
$1.6M +$83.9K +1,559 +6%
WFG
74
Wills Financial Group
Virginia
$1.6M -$39.6K -735 -2%
CAN
75
Cetera Advisor Networks
California
$1.57M -$64.5K -1,197 -4%
1 2
3
4 5

FMB Hedge Fund Activity: Q2 2020 in Review

197 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2020, worth a combined $984M — up 14% from $866M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new FMB positions and 16 closed out — a net gain of 6 holders — while 103 added to existing stakes and 47 trimmed.

The largest buyer was Qube Research & Technologies (QRT), adding an estimated $18.9M. The largest seller was Jane Street, cutting an estimated $20.7M.

  • 197 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2020, up from 192 in Q1 2020.
  • Funds reported $984M of First Trust Managed Municipal ETF stock for Q2 2020, up 14% quarter-over-quarter.
  • 22 funds opened new First Trust Managed Municipal ETF positions in Q2 2020 and 16 closed out, a net change of +6 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q2 2020 was Qube Research & Technologies (QRT), an estimated $18.9M added.
  • The largest First Trust Managed Municipal ETF seller in Q2 2020 was Jane Street, an estimated $20.7M sold.

Based on aggregated 13F filings for Q2 2020.