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First Trust Managed Municipal ETF
FMB

236 hedge funds and large institutions have $1.21B invested in First Trust Managed Municipal ETF in 2020 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 125 increasing their positions, 43 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 10

191% more repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 43

33% more funds holding in top 10

Funds holding in top 10: 12 → 16 (+4)

17% more funds holding

Funds holding: 202 → 236 (+34)

12% more capital invested

Capital invested by funds: $1.08B → $1.21B (+$134M)

1.46% more ownership

Funds ownership: 64.33% → 65.79% (+1.5%)

Holders
236
Holders Change
+34
Holders Change %
+16.83%
% of All Funds
4.18%
Holding in Top 10
16
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+33.33%
% of All Funds
0.28%
New
50
Increased
125
Reduced
43
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$18.2M
2
CAMG
CWA Asset Management Group
Florida
+$18M
3
LPL Financial
LPL Financial
California
+$10.3M
4
LBD
Landsberg Bennett & Dubbaneh
Florida
+$7.97M
5
AWA
ARQ Wealth Advisors
Arizona
+$6.98M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$7.01M
2
Bank of America
Bank of America
North Carolina
-$5.35M
3
OMC
Old Mission Capital
Illinois
-$5.29M
4
OAM
Oppenheimer Asset Management
New York
-$5.15M
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$2.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
MI
51
Moneywise Inc
Virginia
$4.15M +$145K +2,582 +4%
APA
52
American Portfolios Advisors
New York
$3.89M +$175K +3,125 +5%
GIA
53
Gladstone Institutional Advisory
Florida
$3.81M -$1.1M -19,591 -23%
BFG
54
Barber Financial Group
Kansas
$3.79M +$215K +3,834 +6%
CAN
55
Cetera Advisor Networks
California
$3.74M +$2.4M +42,944 +187%
TWP
56
Tower Wealth Partners
Pennsylvania
$3.73M +$3.69M +65,807 New
TCWM
57
Total Clarity Wealth Management
Illinois
$3.67M +$560K +10,004 +18%
IA
58
IFG Advisory
Georgia
$3.58M +$19.9K +356 +0.6%
SWP
59
ShoreHaven Wealth Partners
New Jersey
$3.53M +$3.49M +62,256 New
APWM
60
Atlas Private Wealth Management
New York
$3.37M +$389K +6,944 +13%
Truist Financial
61
Truist Financial
North Carolina
$3.35M +$370K +6,599 +13%
BWM
62
BCGM Wealth Management
Indiana
$3.31M +$3.23M +57,699 New
MAP
63
Milestone Advisory Partners
North Carolina
$3.3M +$201K +3,588 +7%
PI
64
PFS Investments
Georgia
$3.28M +$178K +3,184 +6%
SW
65
SteelPeak Wealth
California
$2.76M +$53.6K +957 +2%
LA
66
LexAurum Advisors
Kansas
$2.69M -$1.66M -29,653 -39%
BFEC
67
Benjamin F. Edwards & Company
Missouri
$2.66M +$1.21M +21,607 +85%
CCA
68
Clearwater Capital Advisors
Illinois
$2.63M +$726K +12,971 +39%
JAWM
69
J. Arnold Wealth Management
Ohio
$2.62M +$64.5K +1,152 +3%
HCA
70
Heck Capital Advisors
Wisconsin
$2.56M +$2.53M +45,090 New
FAIM
71
Financial Advocates Investment Management
Washington
$2.54M +$157K +2,805 +7%
LI
72
LVZ Inc
Michigan
$2.54M +$11.8K +210 +0.5%
EH
73
Equitable Holdings
New York
$2.44M -$125K -2,241 -5%
AIC
74
Ameritas Investment Company
Nebraska
$2.35M +$215K +3,836 +10%
APP
75
Avantax Planning Partners
Iowa
$2.29M -$1.21M -21,540 -35%
1 2
3
4 5

FMB Hedge Fund Activity: Q4 2020 in Review

236 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2020, worth a combined $1.21B — up 12% from $1.08B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new FMB positions and 10 closed out — a net gain of 40 holders — while 125 added to existing stakes and 43 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $18.2M. The largest seller was Citadel Advisors, cutting an estimated $7.01M.

  • 236 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2020, up from 202 in Q3 2020.
  • Funds reported $1.21B of First Trust Managed Municipal ETF stock for Q4 2020, up 12% quarter-over-quarter.
  • 50 funds opened new First Trust Managed Municipal ETF positions in Q4 2020 and 10 closed out, a net change of +40 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q4 2020 was Morgan Stanley, an estimated $18.2M added.
  • The largest First Trust Managed Municipal ETF seller in Q4 2020 was Citadel Advisors, an estimated $7.01M sold.

Based on aggregated 13F filings for Q4 2020.