First Trust Managed Municipal ETF
76 hedge funds and large institutions have $216M invested in First Trust Managed Municipal ETF in 2018 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 43 increasing their positions, 14 reducing their positions, and 7 closing their positions.
207% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 14
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
14% more capital invested
Capital invested by funds: $189M → $216M (+$27.3M)
6% more funds holding
Funds holding: 72 → 76 (+4)
1.07% more ownership
Funds ownership: 55.29% → 56.36% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$19M |
| 2 |
LPL Financial
San Diego,
California
|
+$10.3M |
| 3 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$5.33M |
| 4 |
Morgan Stanley
New York
|
+$2.88M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$8.31M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$4.71M |
| 3 |
LPT
Legacy Private Trust
Neenah,
Wisconsin
|
-$2.08M |
| 4 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$1.88M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$913K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
76
IFP Advisors
Tampa,
Florida
| $1K | +$1.31K | +25 | New |
|
|
77
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$8.31M | -158,026 | Closed |
|
78
Stifel Financial
St. Louis,
Missouri
| – | -$309K | -5,875 | Closed |
|
|
LI
79
LVZ Inc
Holland,
Michigan
| – | -$286K | -5,442 | Closed |
|
|
KA
80
Kovack Advisors
Ft. Lauderdale,
Florida
| – | -$270K | -5,131 | Closed |
|
|
SWP
81
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$194K | -3,696 | Closed |
|
|
IWM
82
IHT Wealth Management
Chicago,
Illinois
| – | -$143K | -2,725 | Closed |
|
|
VFA
83
Valeo Financial Advisors
Carmel,
Indiana
| – | -$1.58K | -30 | Closed |
|
FMB Hedge Fund Activity: Q2 2018 in Review
76 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2018, worth a combined $216M — up 14% from $189M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FMB positions and 7 closed out — a net gain of 4 holders — while 43 added to existing stakes and 14 trimmed.
The largest buyer was UBS Group, adding an estimated $19M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $8.31M sold.
- 76 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2018, up from 72 in Q1 2018.
- Funds reported $216M of First Trust Managed Municipal ETF stock for Q2 2018, up 14% quarter-over-quarter.
- 11 funds opened new First Trust Managed Municipal ETF positions in Q2 2018 and 7 closed out, a net change of +4 holders.
- The largest First Trust Managed Municipal ETF buyer in Q2 2018 was UBS Group, an estimated $19M added.
- The largest First Trust Managed Municipal ETF seller in Q2 2018 was Susquehanna International Group, an estimated $8.31M sold.
Based on aggregated 13F filings for Q2 2018.