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First Trust Managed Municipal ETF
FMB

202 hedge funds and large institutions have $1.08B invested in First Trust Managed Municipal ETF in 2020 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 112 increasing their positions, 42 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more repeat investments, than reductions

Existing positions increased: 112 | Existing positions reduced: 42

31% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 16

10% more capital invested

Capital invested by funds: $984M → $1.08B (+$96.7M)

9% more funds holding in top 10

Funds holding in top 10: 11 → 12 (+1)

3% more funds holding

Funds holding: 197 → 202 (+5)

0.12% less ownership

Funds ownership: 64.45% → 64.33% (-0.12%)

Holders
202
Holders Change
+5
Holders Change %
+2.54%
% of All Funds
4.08%
Holding in Top 10
12
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+9.09%
% of All Funds
0.24%
New
21
Increased
112
Reduced
42
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$10.6M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$9.38M
3
Citadel Advisors
Citadel Advisors
Florida
+$8.38M
4
Wells Fargo
Wells Fargo
California
+$8.11M
5
PWMG
Prestige Wealth Management Group
New Jersey
+$6M

Top Sellers

Rank Fund Capital Flow
1
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$15.5M
2
OAM
Oppenheimer Asset Management
New York
-$5.85M
3
Jane Street
Jane Street
New York
-$4.92M
4
GIA
Gladstone Institutional Advisory
Florida
-$2.06M
5
UBS Group
UBS Group
Switzerland
-$1.82M
Name Holding Trade Value Shares
Change 		Change in
Stake
ECM
51
ETrade Capital Management
Virginia
$4M -$66.9K -1,200 -2%
MI
52
Moneywise Inc
Virginia
$3.93M -$53.2K -954 -1%
APA
53
American Portfolios Advisors
New York
$3.64M +$173K +3,110 +5%
MA
54
Mutual Advisors
Nebraska
$3.6M +$1.21M +21,733 +50%
BFG
55
Barber Financial Group
Kansas
$3.5M +$377K +6,756 +12%
IA
56
IFG Advisory
Georgia
$3.49M +$336K +6,025 +11%
APP
57
Avantax Planning Partners
Iowa
$3.44M -$445K -7,984 -11%
TCWM
58
Total Clarity Wealth Management
Illinois
$3.04M +$116K +2,085 +4%
PI
59
PFS Investments
Georgia
$3.04M +$3.04M +54,599 New
MAP
60
Milestone Advisory Partners
North Carolina
$3.03M +$45K +807 +2%
APWM
61
Atlas Private Wealth Management
New York
$2.92M -$100K -1,800 -3%
Truist Financial
62
Truist Financial
North Carolina
$2.91M +$484K +8,676 +20%
SW
63
SteelPeak Wealth
California
$2.65M +$314K +5,637 +13%
EH
64
Equitable Holdings
New York
$2.51M +$298K +5,338 +13%
JAWM
65
J. Arnold Wealth Management
Ohio
$2.5M +$2.51M +45,050 New
LI
66
LVZ Inc
Michigan
$2.48M +$11.9K +213 +0.5%
3AM
67
3D Asset Management
Connecticut
$2.36M +$340K +6,091 +17%
FAIM
68
Financial Advocates Investment Management
Washington
$2.34M +$182K +3,257 +8%
SCM
69
Smith Capital Management
Arkansas
$2.33M +$162K +2,905 +7%
SFP
70
Strategic Financial Partners
Oregon
$2.29M +$678K +12,150 +42%
HighTower Advisors
71
HighTower Advisors
Illinois
$2.25M -$68.1K -1,221 -3%
AC
72
Avestar Capital
New York
$2.18M -$531K -9,519 -19%
OIA
73
OneDigital Investment Advisors
Kansas
$2.15M +$91K +1,632 +4%
CA
74
Crumly & Associates
Illinois
$2.08M +$1.06M +18,934 +103%
AIC
75
Ameritas Investment Company
Nebraska
$2.07M – – –
1 2
3
4 5

FMB Hedge Fund Activity: Q3 2020 in Review

202 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2020, worth a combined $1.08B — up 9.8% from $984M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new FMB positions and 16 closed out — a net gain of 5 holders — while 112 added to existing stakes and 42 trimmed.

The largest buyer was LPL Financial, adding an estimated $10.6M. The largest seller was Qube Research & Technologies (QRT), cutting an estimated $15.5M.

  • 202 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2020, up from 197 in Q2 2020.
  • Funds reported $1.08B of First Trust Managed Municipal ETF stock for Q3 2020, up 9.8% quarter-over-quarter.
  • 21 funds opened new First Trust Managed Municipal ETF positions in Q3 2020 and 16 closed out, a net change of +5 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q3 2020 was LPL Financial, an estimated $10.6M added.
  • The largest First Trust Managed Municipal ETF seller in Q3 2020 was Qube Research & Technologies (QRT), an estimated $15.5M sold.

Based on aggregated 13F filings for Q3 2020.