First Trust Managed Municipal ETF
110 hedge funds and large institutions have $380M invested in First Trust Managed Municipal ETF in 2019 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 55 increasing their positions, 23 reducing their positions, and 4 closing their positions.
450% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 4
139% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 23
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
32% more capital invested
Capital invested by funds: $289M → $380M (+$91.9M)
17% more funds holding
Funds holding: 94 → 110 (+16)
1.77% more ownership
Funds ownership: 58.54% → 60.31% (+1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAM
Oppenheimer Asset Management
New York
|
+$11.1M |
| 2 |
OAJ
Ogorek Anthony Joseph
Williamsville,
New York
|
+$10.8M |
| 3 |
Morgan Stanley
New York
|
+$10.3M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$9.69M |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$6.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.61M |
| 2 |
MI
Moneywise Inc
Forest,
Virginia
|
-$2.19M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$1.47M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$736K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$632K |
FMB Hedge Fund Activity: Q1 2019 in Review
110 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2019, worth a combined $380M — up 32% from $289M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new FMB positions and 4 closed out — a net gain of 18 holders — while 55 added to existing stakes and 23 trimmed.
The largest buyer was Oppenheimer Asset Management, opening a new position worth an estimated $11.1M. The largest seller was UBS Group, cutting an estimated $2.61M.
- 110 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2019, up from 94 in Q4 2018.
- Funds reported $380M of First Trust Managed Municipal ETF stock for Q1 2019, up 32% quarter-over-quarter.
- 22 funds opened new First Trust Managed Municipal ETF positions in Q1 2019 and 4 closed out, a net change of +18 holders.
- The largest First Trust Managed Municipal ETF buyer in Q1 2019 was Oppenheimer Asset Management, an estimated $11.1M added.
- The largest First Trust Managed Municipal ETF seller in Q1 2019 was UBS Group, an estimated $2.61M sold.
Based on aggregated 13F filings for Q1 2019.