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First Trust Managed Municipal ETF
FMB

85 hedge funds and large institutions have $310M invested in First Trust Managed Municipal ETF in 2018 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 50 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

317% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 12

180% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 5

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

43% more capital invested

Capital invested by funds: $216M → $310M (+$93.7M)

12% more funds holding

Funds holding: 76 → 85 (+9)

0.36% less ownership

Funds ownership: 56.36% → 56.01% (-0.36%)

Holders
85
Holders Change
+9
Holders Change %
+11.84%
% of All Funds
1.94%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
14
Increased
50
Reduced
12
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$10.2M
2
Morgan Stanley
Morgan Stanley
New York
+$4.87M
3
BCP
Blackhawk Capital Partners
Wisconsin
+$3.45M
4
Bank of America
Bank of America
North Carolina
+$3.21M
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$3.04M

Top Sellers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
-$4.76M
2
CWM
Cornerstone Wealth Management
Missouri
-$4.2M
3
VF
Virtu Financial
New York
-$1.82M
4
LPL Financial
LPL Financial
California
-$1.14M
5
PCM
Prelude Capital Management
New York
-$563K
Name Holding Trade Value Shares
Change 		Change in
Stake
AAP
76
Arax Advisory Partners
Colorado
$20K +$20.3K +385 New
VCM
77
Vigilant Capital Management
Maine
$18K +$18.6K +353 New
FHA
78
First Horizon Advisors
Tennessee
$16K +$105 +2 +0.6%
LFG
79
LifePlan Financial Group
Ohio
$14K – – –
CFGS
80
Concourse Financial Group Securities
Alabama
$12K +$12.4K +236 New
PCM
81
Prelude Capital Management
New York
$11K -$563K -10,684 -98%
MWPCG
82
Measured Wealth Private Client Group
New Hampshire
$10K +$10.5K +200 New
ACM
83
Aviance Capital Management
Florida
$4K +$632 +12 +18%
GI
84
Gradient Investments
Minnesota
$2K – – –
CF
85
Centaurus Financial
California
$122 -$140K -2,650 -100%
VF
86
Virtu Financial
New York
– -$1.82M -34,508 Closed
NFG
87
Next Financial Group
Texas
– -$306K -5,812 Closed
CFC
88
Coyle Financial Counsel
Illinois
– -$305K -5,800 Closed
Envestnet Asset Management
89
Envestnet Asset Management
Illinois
– -$40K -762 Closed
Citigroup
90
Citigroup
New York
– -$1K -11 Closed
1 2 3
4

FMB Hedge Fund Activity: Q3 2018 in Review

85 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2018, worth a combined $310M — up 43% from $216M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FMB positions and 5 closed out — a net gain of 9 holders — while 50 added to existing stakes and 12 trimmed.

The largest buyer was UBS Group, adding an estimated $10.2M. The largest seller was Raymond James & Associates, cutting an estimated $4.76M.

  • 85 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2018, up from 76 in Q2 2018.
  • Funds reported $310M of First Trust Managed Municipal ETF stock for Q3 2018, up 43% quarter-over-quarter.
  • 14 funds opened new First Trust Managed Municipal ETF positions in Q3 2018 and 5 closed out, a net change of +9 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q3 2018 was UBS Group, an estimated $10.2M added.
  • The largest First Trust Managed Municipal ETF seller in Q3 2018 was Raymond James & Associates, an estimated $4.76M sold.

Based on aggregated 13F filings for Q3 2018.