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First Trust Managed Municipal ETF
FMB

277 hedge funds and large institutions have $1.37B invested in First Trust Managed Municipal ETF in 2022 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 101 increasing their positions, 121 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more capital invested

Capital invested by funds: $1.21B → $1.37B (+$154M)

3.49% more ownership

Funds ownership: 68.75% → 72.24% (+3.5%)

9% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 35

3% less funds holding

Funds holding: 285 → 277 (-8)

17% less repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 121

33% less funds holding in top 10

Funds holding in top 10: 18 → 12 (-6)

Holders
277
Holders Change
-8
Holders Change %
-2.81%
% of All Funds
4.45%
Holding in Top 10
12
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-33.33%
% of All Funds
0.19%
New
32
Increased
101
Reduced
121
Closed
35
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
UBS Group
UBS Group
Switzerland
+$41M
2
Jane Street
Jane Street
New York
+$37.2M
3
APP
Avantax Planning Partners
Iowa
+$25.3M
4
CWM
Congress Wealth Management
Massachusetts
+$23.8M
5
MMA
Miracle Mile Advisors
California
+$17.5M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$21M
2
CAMG
CWA Asset Management Group
Florida
-$14.6M
3
FFG
Frisch Financial Group
New York
-$8.1M
4
WEPOG
Wealth Enhancement & Preservation of GA
Georgia
-$7.59M
5
OAJ
Ogorek Anthony Joseph
New York
-$7.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
GAG
51
GM Advisory Group
New York
$4.32M +$4.28M +86,261 New
APWM
52
Atlas Private Wealth Management
New York
$4.3M -$247K -4,989 -5%
FCM
53
Family Capital Management
Michigan
$4.22M +$4.18M +84,273 New
FAIM
54
Financial Advocates Investment Management
Washington
$4.22M +$13.5K +273 +0.3%
IA
55
IFP Advisors
Florida
$4.14M -$662K -13,360 -15%
EWA
56
Etesian Wealth Advisors
Oregon
$4.02M +$3.97M +80,156 New
FPWM
57
FSB Premier Wealth Management
Iowa
$3.98M -$2.25M -45,434 -36%
RWB
58
RMR Wealth Builders
New Jersey
$3.77M -$564K -11,375 -13%
FHA
59
First Horizon Advisors
Tennessee
$3.75M +$3.67M +74,077 +8,715%
ACM
60
Advance Capital Management
Michigan
$3.63M +$663K +13,382 +23%
Mariner
61
Mariner
Kansas
$3.6M +$1.59M +32,039 +80%
SPIA
62
Steward Partners Investment Advisory
New York
$3.59M -$1.58M -31,903 -31%
AAS
63
Ameritas Advisory Services
Nebraska
$3.24M -$347K -6,995 -10%
WWM
64
Western Wealth Management
Colorado
$3.17M -$31.3K -632 -1%
Koshinski Asset Management
65
Koshinski Asset Management
Illinois
$2.94M +$120K +2,420 +4%
SWP
66
Stratos Wealth Partners
Ohio
$2.92M +$199K +4,019 +7%
EH
67
Equitable Holdings
New York
$2.91M -$221K -4,448 -7%
SCM
68
Sebold Capital Management
Illinois
$2.9M +$2.87M +57,842 New
AFP
69
Ausdal Financial Partners
Iowa
$2.68M +$1.75M +35,344 +194%
PWMG
70
Prestige Wealth Management Group
New Jersey
$2.68M -$1.05M -21,264 -28%
VCM
71
Vivaldi Capital Management
Illinois
$2.67M +$2.61M +52,553 New
CAN
72
Cetera Advisor Networks
California
$2.63M +$200K +4,027 +8%
GVAG
73
Great Valley Advisor Group
Delaware
$2.54M +$93.3K +1,882 +4%
LAM
74
Lifestyle Asset Management
Texas
$2.48M +$2.45M +49,445 New
Baird Financial Group
75
Baird Financial Group
Wisconsin
$2.47M +$240K +4,831 +11%
1 2
3
4 5

FMB Hedge Fund Activity: Q4 2022 in Review

277 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2022, worth a combined $1.37B — up 13% from $1.21B a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of FMB and 32 opened new positions — a net loss of 3 holders — while 121 trimmed existing stakes and 101 added.

The largest buyer was UBS Group, adding an estimated $41M. The largest seller was Bank of America, cutting an estimated $21M.

  • 277 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2022, down from 285 in Q3 2022.
  • Funds reported $1.37B of First Trust Managed Municipal ETF stock for Q4 2022, up 13% quarter-over-quarter.
  • 32 funds opened new First Trust Managed Municipal ETF positions in Q4 2022 and 35 closed out, a net change of -3 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q4 2022 was UBS Group, an estimated $41M added.
  • The largest First Trust Managed Municipal ETF seller in Q4 2022 was Bank of America, an estimated $21M sold.

Based on aggregated 13F filings for Q4 2022.