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First Trust Managed Municipal ETF
FMB

249 hedge funds and large institutions have $1.51B invested in First Trust Managed Municipal ETF in 2021 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 145 increasing their positions, 56 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

159% more repeat investments, than reductions

Existing positions increased: 145 | Existing positions reduced: 56

13% more funds holding in top 10

Funds holding in top 10: 15 → 17 (+2)

3% more capital invested

Capital invested by funds: $1.47B → $1.51B (+$41.5M)

0% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 20

2% less funds holding

Funds holding: 255 → 249 (-6)

4.81% less ownership

Funds ownership: 68.59% → 63.78% (-4.8%)

Holders
249
Holders Change
-6
Holders Change %
-2.35%
% of All Funds
4.36%
Holding in Top 10
17
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+13.33%
% of All Funds
0.3%
New
20
Increased
145
Reduced
56
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$15M
2
AWA
ARQ Wealth Advisors
Arizona
+$8.46M
3
Wells Fargo
Wells Fargo
California
+$7.99M
4
HW
Hedeker Wealth
Illinois
+$6.59M
5
Morgan Stanley
Morgan Stanley
New York
+$6.49M

Top Sellers

Rank Fund Capital Flow
1
WFS
Weitzel Financial Services
Iowa
-$100M
2
FEG
Financial Enhancement Group
Indiana
-$6.09M
3
Renaissance Technologies
Renaissance Technologies
New York
-$3.91M
4
Citadel Advisors
Citadel Advisors
Florida
-$3.39M
5
FTUS
Flow Traders U.S.
New York
-$2.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
PWMG
51
Prestige Wealth Management Group
New Jersey
$4.81M +$432K +7,524 +10%
MI
52
Moneywise Inc
Virginia
$4.75M +$537K +9,348 +13%
FM
53
Foster & Motley
Ohio
$4.63M +$1.12M +19,561 +32%
Baird Financial Group
54
Baird Financial Group
Wisconsin
$4.49M -$279K -4,854 -6%
MA
55
Mutual Advisors
Nebraska
$4.47M +$359K +6,259 +9%
APWM
56
Atlas Private Wealth Management
New York
$4.47M +$192K +3,352 +4%
AIC
57
Ameritas Investment Company
Nebraska
$4.37M +$545K +9,485 +14%
FAIM
58
Financial Advocates Investment Management
Washington
$4.37M +$778K +13,547 +21%
TCWM
59
Total Clarity Wealth Management
Illinois
$4.26M +$128K +2,223 +3%
AC
60
Avestar Capital
New York
$4.24M +$254K +4,423 +6%
EH
61
Equitable Holdings
New York
$4.17M +$321K +5,582 +8%
Qube Research & Technologies (QRT)
62
Qube Research & Technologies (QRT)
United Kingdom
$4.16M -$1.64M -28,603 -28%
GVAG
63
Great Valley Advisor Group
Delaware
$4.14M +$2.14M +37,217 +104%
APA
64
American Portfolios Advisors
New York
$4.04M +$67.5K +1,176 +2%
Truist Financial
65
Truist Financial
North Carolina
$4M -$2.05M -35,657 -34%
TWP
66
Tower Wealth Partners
Pennsylvania
$3.99M +$94.6K +1,648 +2%
IA
67
IFG Advisory
Georgia
$3.82M +$61.3K +1,067 +2%
Barclays
68
Barclays
United Kingdom
$3.82M -$2.28M -39,661 -37%
IA
69
IFP Advisors
Florida
$3.73M +$771K +13,431 +26%
TNBTD
70
Trustmark National Bank Trust Department
Mississippi
$3.52M +$876K +15,259 +33%
CCFM
71
Clear Creek Financial Management
Washington
$3.46M +$174K +3,031 +5%
SWA
72
Stratos Wealth Advisors
Ohio
$3.26M -$180K -3,133 -5%
LA
73
LexAurum Advisors
Kansas
$3.17M +$1.79M +31,122 +126%
MAP
74
Milestone Advisory Partners
North Carolina
$3.14M -$57.4K -1,000 -2%
CTB
75
Country Trust Bank
Illinois
$3.08M +$865K +15,071 +38%
1 2
3
4 5

FMB Hedge Fund Activity: Q3 2021 in Review

249 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2021, worth a combined $1.51B — up 2.8% from $1.47B a quarter earlier.

Fund positioning in FMB was balanced in Q3 2021: 20 funds opened new positions, 20 closed out, 145 added to existing stakes and 56 trimmed.

The largest buyer was LPL Financial, adding an estimated $15M. The largest seller was Weitzel Financial Services, cutting an estimated $100M.

  • 249 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2021, down from 255 in Q2 2021.
  • Funds reported $1.51B of First Trust Managed Municipal ETF stock for Q3 2021, up 2.8% quarter-over-quarter.
  • 20 funds opened new First Trust Managed Municipal ETF positions in Q3 2021 and 20 closed out, a net change of 0 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q3 2021 was LPL Financial, an estimated $15M added.
  • The largest First Trust Managed Municipal ETF seller in Q3 2021 was Weitzel Financial Services, an estimated $100M sold.

Based on aggregated 13F filings for Q3 2021.