First Trust Managed Municipal ETF
94 hedge funds and large institutions have $289M invested in First Trust Managed Municipal ETF in 2018 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 44 increasing their positions, 21 reducing their positions, and 11 closing their positions.
110% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 21
91% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 11
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
11% more funds holding
Funds holding: 85 → 94 (+9)
2.53% more ownership
Funds ownership: 56.01% → 58.54% (+2.5%)
7% less capital invested
Capital invested by funds: $310M → $289M (-$21.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$13.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$7.58M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.8M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.5M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPT
Legacy Private Trust
Neenah,
Wisconsin
|
-$13.7M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.57M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$952K |
| 4 |
Morgan Stanley
New York
|
-$894K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$816K |
FMB Hedge Fund Activity: Q4 2018 in Review
94 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2018, worth a combined $289M — down 6.9% from $310M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FMB positions and 11 closed out — a net gain of 10 holders — while 44 added to existing stakes and 21 trimmed.
The largest buyer was UBS Group, adding an estimated $13.1M. The largest seller was Legacy Private Trust, cutting an estimated $13.7M.
- 94 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2018, up from 85 in Q3 2018.
- Funds reported $289M of First Trust Managed Municipal ETF stock for Q4 2018, down 6.9% quarter-over-quarter.
- 21 funds opened new First Trust Managed Municipal ETF positions in Q4 2018 and 11 closed out, a net change of +10 holders.
- The largest First Trust Managed Municipal ETF buyer in Q4 2018 was UBS Group, an estimated $13.1M added.
- The largest First Trust Managed Municipal ETF seller in Q4 2018 was Legacy Private Trust, an estimated $13.7M sold.
Based on aggregated 13F filings for Q4 2018.