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First Trust Managed Municipal ETF
FMB

249 hedge funds and large institutions have $1.51B invested in First Trust Managed Municipal ETF in 2021 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 145 increasing their positions, 56 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

159% more repeat investments, than reductions

Existing positions increased: 145 | Existing positions reduced: 56

13% more funds holding in top 10

Funds holding in top 10: 15 → 17 (+2)

3% more capital invested

Capital invested by funds: $1.47B → $1.51B (+$41.5M)

0% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 20

2% less funds holding

Funds holding: 255 → 249 (-6)

4.81% less ownership

Funds ownership: 68.59% → 63.78% (-4.8%)

Holders
249
Holders Change
-6
Holders Change %
-2.35%
% of All Funds
4.36%
Holding in Top 10
17
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+13.33%
% of All Funds
0.3%
New
20
Increased
145
Reduced
56
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$15M
2
AWA
ARQ Wealth Advisors
Arizona
+$8.46M
3
Wells Fargo
Wells Fargo
California
+$7.99M
4
HW
Hedeker Wealth
Illinois
+$6.59M
5
Morgan Stanley
Morgan Stanley
New York
+$6.49M

Top Sellers

Rank Fund Capital Flow
1
WFS
Weitzel Financial Services
Iowa
-$100M
2
FEG
Financial Enhancement Group
Indiana
-$6.09M
3
Renaissance Technologies
Renaissance Technologies
New York
-$3.91M
4
Citadel Advisors
Citadel Advisors
Florida
-$3.39M
5
FTUS
Flow Traders U.S.
New York
-$2.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
GIA
76
Gladstone Institutional Advisory
Florida
$2.93M -$376K -6,551 -11%
DADC
77
D.A. Davidson & Co
Montana
$2.84M +$136K +2,368 +5%
SCA
78
Snowden Capital Advisors
New York
$2.83M -$392K -6,822 -12%
RCAG
79
Rehmann Capital Advisory Group
Michigan
$2.82M +$143K +2,494 +5%
RWA
80
Redhawk Wealth Advisors
Minnesota
$2.78M +$2.82M +49,038 New
SW
81
SteelPeak Wealth
California
$2.76M +$49.2K +857 +2%
LI
82
LVZ Inc
Michigan
$2.7M +$37.4K +652 +1%
APWA
83
Atlas Private Wealth Advisors
New Jersey
$2.64M -$256K -4,456 -9%
PAG
84
Private Advisory Group
Washington
$2.62M +$107K +1,865 +4%
OMC
85
Old Mission Capital
Illinois
$2.59M +$2.28M +39,684 +668%
3LCM
86
3D/L Capital Management
Connecticut
$2.53M +$23.7K +413 +0.9%
WFG
87
Wills Financial Group
Virginia
$2.48M +$158K +2,755 +7%
AFP
88
Ausdal Financial Partners
Iowa
$2.28M +$58K +1,010 +3%
SFP
89
Strategic Financial Partners
Oregon
$2.26M +$11.5K +200 +0.5%
WFS
90
Weitzel Financial Services
Iowa
$2.26M -$100M -1,745,190 -98%
HCA
91
Heck Capital Advisors
Wisconsin
$2.2M +$145K +2,521 +7%
APP
92
Avantax Planning Partners
Iowa
$2.19M +$14.4K +250 +0.7%
LSPW
93
Lake Street Private Wealth
Illinois
$2.09M +$476K +8,281 +29%
WEPOG
94
Wealth Enhancement & Preservation of GA
Georgia
$2.07M +$112K +1,958 +6%
TFS
95
Thoroughbred Financial Services
Tennessee
$2.05M +$14.9K +260 +0.7%
CCMG
96
Clark Capital Management Group
Pennsylvania
$2.02M +$148K +2,581 +8%
Koshinski Asset Management
97
Koshinski Asset Management
Illinois
$1.98M +$234K +4,071 +13%
AI
98
Atria Investments
North Carolina
$1.97M +$15.8K +276 +0.8%
BWP
99
Bernardo Wealth Planning
Pennsylvania
$1.95M +$71.7K +1,248 +4%
WCFA
100
Walkner Condon Financial Advisors
Wisconsin
$1.94M +$218K +3,790 +12%
2 3
4
5 6

FMB Hedge Fund Activity: Q3 2021 in Review

249 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2021, worth a combined $1.51B — up 2.8% from $1.47B a quarter earlier.

Fund positioning in FMB was balanced in Q3 2021: 20 funds opened new positions, 20 closed out, 145 added to existing stakes and 56 trimmed.

The largest buyer was LPL Financial, adding an estimated $15M. The largest seller was Weitzel Financial Services, cutting an estimated $100M.

  • 249 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2021, down from 255 in Q2 2021.
  • Funds reported $1.51B of First Trust Managed Municipal ETF stock for Q3 2021, up 2.8% quarter-over-quarter.
  • 20 funds opened new First Trust Managed Municipal ETF positions in Q3 2021 and 20 closed out, a net change of 0 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q3 2021 was LPL Financial, an estimated $15M added.
  • The largest First Trust Managed Municipal ETF seller in Q3 2021 was Weitzel Financial Services, an estimated $100M sold.

Based on aggregated 13F filings for Q3 2021.