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First Trust Managed Municipal ETF
FMB

285 hedge funds and large institutions have $1.21B invested in First Trust Managed Municipal ETF in 2022 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 110 increasing their positions, 118 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more funds holding in top 10

Funds holding in top 10: 17 → 18 (+1)

0.11% more ownership

Funds ownership: 68.64% → 68.75% (+0.11%)

4% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 23

7% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 118

1% less funds holding

Funds holding: 288 → 285 (-3)

10% less capital invested

Capital invested by funds: $1.35B → $1.21B (-$132M)

Holders
285
Holders Change
-3
Holders Change %
-1.04%
% of All Funds
4.91%
Holding in Top 10
18
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5.88%
% of All Funds
0.31%
New
22
Increased
110
Reduced
118
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$11.5M
2
LPL Financial
LPL Financial
California
+$9.35M
3
Morgan Stanley
Morgan Stanley
New York
+$6.51M
4
VCP
Verus Capital Partners
Arizona
+$6.27M
5
WEPOG
Wealth Enhancement & Preservation of GA
Georgia
+$6.09M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$29.5M
2
Jane Street
Jane Street
New York
-$18.7M
3
GAG
GM Advisory Group
New York
-$16.1M
4
CAMG
CWA Asset Management Group
Florida
-$12.7M
5
Wells Fargo
Wells Fargo
California
-$8.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
APWM
51
Atlas Private Wealth Management
New York
$4.43M +$19.3K +379 +0.4%
SYBT
52
Stock Yards Bank & Trust
Kentucky
$4.39M -$246K -4,832 -5%
RWB
53
RMR Wealth Builders
New Jersey
$4.22M +$2.3M +45,355 +110%
FAIM
54
Financial Advocates Investment Management
Washington
$4.1M +$1.13M +22,203 +36%
CTB
55
Country Trust Bank
Illinois
$3.86M +$47.4K +933 +1%
TCWM
56
Total Clarity Wealth Management
Illinois
$3.7M – – –
TPW
57
TL Private Wealth
Texas
$3.65M -$2.59M -51,058 -41%
PWMG
58
Prestige Wealth Management Group
New Jersey
$3.65M -$20.5K -403 -0.5%
AAS
59
Ameritas Advisory Services
Nebraska
$3.49M -$5.49K -108 -0.2%
BCP
60
Blackhawk Capital Partners
Wisconsin
$3.49M +$176K +3,456 +5%
WWM
61
Western Wealth Management
Colorado
$3.12M -$268K -5,269 -8%
EH
62
Equitable Holdings
New York
$3.05M -$303K -5,968 -9%
IWC
63
Integrated Wealth Concepts
Massachusetts
$2.99M +$94.8K +1,865 +3%
ACM
64
Advance Capital Management
Michigan
$2.88M -$390K -7,670 -11%
BFG
65
Barber Financial Group
Kansas
$2.78M -$334K -6,571 -10%
AWA
66
Alta Wealth Advisors
Massachusetts
$2.78M +$163K +3,215 +6%
IA
67
IFG Advisory
Georgia
$2.77M +$243K +4,789 +9%
FM
68
Foster & Motley
Ohio
$2.75M +$123K +2,426 +4%
Koshinski Asset Management
69
Koshinski Asset Management
Illinois
$2.74M +$415K +8,175 +17%
SWP
70
Stratos Wealth Partners
Ohio
$2.64M -$897K -17,646 -25%
APA
71
American Portfolios Advisors
New York
$2.55M -$375K -7,373 -12%
MIAN
72
Mariner Independent Advisor Network
Kansas
$2.49M +$2.6M +51,084 New
SW
73
SteelPeak Wealth
California
$2.46M -$731K -14,392 -22%
GVAG
74
Great Valley Advisor Group
Delaware
$2.38M +$218K +4,300 +10%
CAN
75
Cetera Advisor Networks
California
$2.36M +$50.4K +991 +2%
1 2
3
4 5

FMB Hedge Fund Activity: Q3 2022 in Review

285 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2022, worth a combined $1.21B — down 9.8% from $1.35B a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of FMB and 22 opened new positions — a net loss of 1 holder — while 118 trimmed existing stakes and 110 added.

The largest buyer was Rockefeller Capital Management, adding an estimated $11.5M. The largest seller was Bank of America, cutting an estimated $29.5M.

  • 285 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2022, down from 288 in Q2 2022.
  • Funds reported $1.21B of First Trust Managed Municipal ETF stock for Q3 2022, down 9.8% quarter-over-quarter.
  • 22 funds opened new First Trust Managed Municipal ETF positions in Q3 2022 and 23 closed out, a net change of -1 holder.
  • The largest First Trust Managed Municipal ETF buyer in Q3 2022 was Rockefeller Capital Management, an estimated $11.5M added.
  • The largest First Trust Managed Municipal ETF seller in Q3 2022 was Bank of America, an estimated $29.5M sold.

Based on aggregated 13F filings for Q3 2022.