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First Trust Managed Municipal ETF
FMB

134 hedge funds and large institutions have $621M invested in First Trust Managed Municipal ETF in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 87 increasing their positions, 18 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

383% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 18

220% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 5

26% more capital invested

Capital invested by funds: $493M → $621M (+$129M)

9% more funds holding

Funds holding: 123 → 134 (+11)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

0.46% less ownership

Funds ownership: 59.14% → 58.68% (-0.46%)

Holders
134
Holders Change
+11
Holders Change %
+8.94%
% of All Funds
2.94%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
16
Increased
87
Reduced
18
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$15.4M
2
Morgan Stanley
Morgan Stanley
New York
+$15.3M
3
Bank of America
Bank of America
North Carolina
+$12.8M
4
Wells Fargo
Wells Fargo
California
+$7.6M
5
LPL Financial
LPL Financial
California
+$6.57M

Top Sellers

Rank Fund Capital Flow
1
FTUS
Flow Traders U.S.
New York
-$1.08M
2
CFG
CMC Financial Group
Georgia
-$884K
3
WP
WealthSource Partners
California
-$330K
4
HighTower Advisors
HighTower Advisors
Illinois
-$192K
5
MMHP
Murphy Middleton Hinkle & Parker
Georgia
-$150K
Name Holding Trade Value Shares
Change 		Change in
Stake
OIA
76
OneDigital Investment Advisors
Kansas
$858K +$101K +1,827 +13%
BTS
77
BB&T Securities
Virginia
$852K +$273K +4,912 +47%
MAP
78
Milestone Advisory Partners
North Carolina
$808K +$489K +8,812 +154%
GTAM
79
Global Trust Asset Management
Florida
$771K +$85.5K +1,540 +12%
TNBTD
80
Trustmark National Bank Trust Department
Mississippi
$764K +$250K +4,497 +49%
IWM
81
IHT Wealth Management
Illinois
$753K -$101K -1,815 -12%
FA
82
FMA Advisory
Pennsylvania
$737K +$1.55K +28 +0.2%
RCAG
83
Rehmann Capital Advisory Group
Michigan
$725K +$147K +2,655 +26%
HWA
84
HCR Wealth Advisors
California
$669K +$669K +12,050 New
PFS
85
Prospera Financial Services
Texas
$642K +$642K +11,562 New
IWS
86
Insight Wealth Strategies
California
$557K +$86.6K +1,561 +18%
ASN
87
Advisory Services Network
Georgia
$545K – – –
LFG
88
Larson Financial Group
Missouri
$537K +$537K +9,670 New
AWA
89
Arete Wealth Advisors
Illinois
$527K +$9.77K +176 +2%
QCIG
90
Quad-Cities Investment Group
Iowa
$517K +$1.5K +27 +0.3%
HFP
91
Holistic Financial Partners
Indiana
$510K – – –
BWM
92
BerganKDV Wealth Management
Minnesota
$508K -$3.66K -66 -0.7%
LSPW
93
Lake Street Private Wealth
Illinois
$500K +$499K +8,994 New
PA
94
PFG Advisors
Arizona
$476K +$333 +6 +0.1%
PCM
95
Prelude Capital Management
New York
$473K -$35.5K -640 -7%
JP Morgan Chase
96
JP Morgan Chase
New York
$469K – – –
BWM
97
BT Wealth Management
Georgia
$460K +$459K +8,280 New
ACA
98
Aptus Capital Advisors
Alabama
$431K – – –
CA
99
Cetera Advisors
Colorado
$424K +$148K +2,666 +54%
BFA
100
Brendel Financial Advisors
New Hampshire
$409K – – –
2 3
4
5 6

FMB Hedge Fund Activity: Q3 2019 in Review

134 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2019, worth a combined $621M — up 26% from $493M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new FMB positions and 5 closed out — a net gain of 11 holders — while 87 added to existing stakes and 18 trimmed.

The largest buyer was UBS Group, adding an estimated $15.4M. The largest seller was Flow Traders U.S., exiting entirely with an estimated $1.08M sold.

  • 134 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2019, up from 123 in Q2 2019.
  • Funds reported $621M of First Trust Managed Municipal ETF stock for Q3 2019, up 26% quarter-over-quarter.
  • 16 funds opened new First Trust Managed Municipal ETF positions in Q3 2019 and 5 closed out, a net change of +11 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q3 2019 was UBS Group, an estimated $15.4M added.
  • The largest First Trust Managed Municipal ETF seller in Q3 2019 was Flow Traders U.S., an estimated $1.08M sold.

Based on aggregated 13F filings for Q3 2019.