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First Trust Managed Municipal ETF
FMB

285 hedge funds and large institutions have $1.21B invested in First Trust Managed Municipal ETF in 2022 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 110 increasing their positions, 118 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more funds holding in top 10

Funds holding in top 10: 17 → 18 (+1)

0.11% more ownership

Funds ownership: 68.64% → 68.75% (+0.11%)

4% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 23

7% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 118

1% less funds holding

Funds holding: 288 → 285 (-3)

10% less capital invested

Capital invested by funds: $1.35B → $1.21B (-$132M)

Holders
285
Holders Change
-3
Holders Change %
-1.04%
% of All Funds
4.91%
Holding in Top 10
18
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5.88%
% of All Funds
0.31%
New
22
Increased
110
Reduced
118
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$11.5M
2
LPL Financial
LPL Financial
California
+$9.35M
3
Morgan Stanley
Morgan Stanley
New York
+$6.51M
4
VCP
Verus Capital Partners
Arizona
+$6.27M
5
WEPOG
Wealth Enhancement & Preservation of GA
Georgia
+$6.09M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$29.5M
2
Jane Street
Jane Street
New York
-$18.7M
3
GAG
GM Advisory Group
New York
-$16.1M
4
CAMG
CWA Asset Management Group
Florida
-$12.7M
5
Wells Fargo
Wells Fargo
California
-$8.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
WMR
76
Wealth Management Resources
Rhode Island
$2.31M +$19.6K +385 +0.8%
ARG
77
Advisory Resource Group
Oklahoma
$2.31M -$41.3K -813 -2%
SWM
78
Scissortail Wealth Management
Oklahoma
$2.31M +$1.12M +21,996 +86%
SWA
79
Stratos Wealth Advisors
Ohio
$2.25M +$156K +3,063 +7%
DADC
80
D.A. Davidson & Co
Montana
$2.24M +$422K +8,305 +22%
CA
81
Crumly & Associates
Illinois
$2.19M +$30.8K +606 +1%
TWP
82
Tower Wealth Partners
Pennsylvania
$2.18M -$144K -2,828 -6%
WFS
83
Weitzel Financial Services
Iowa
$2.18M -$186K -3,666 -8%
Baird Financial Group
84
Baird Financial Group
Wisconsin
$2.16M -$323K -6,357 -13%
DFA
85
DHJJ Financial Advisors
Illinois
$2.16M -$71K -1,397 -3%
EFL
86
ERn Financial LLC
Wisconsin
$2.15M +$159K +3,123 +8%
PPWM
87
Paragon Private Wealth Management
Kentucky
$2.11M -$168K -3,307 -7%
AI
88
Atria Investments
North Carolina
$2.1M +$105K +2,062 +5%
CCFM
89
Clear Creek Financial Management
Washington
$2.09M -$186K -3,659 -8%
SPI
90
Sutton Place Investors
New York
$2.01M +$288K +5,672 +16%
MA
91
Mutual Advisors
Nebraska
$2.01M +$7.67K +151 +0.4%
Mariner
92
Mariner
Kansas
$1.94M -$605K -11,903 -23%
3LCM
93
3D/L Capital Management
Connecticut
$1.92M -$114K -2,238 -5%
SFP
94
Strategic Financial Partners
Oregon
$1.91M -$57.1K -1,124 -3%
TNBTD
95
Trustmark National Bank Trust Department
Mississippi
$1.8M – – –
IWS
96
Insight Wealth Strategies
California
$1.75M – – –
PPWM
97
PFG Private Wealth Management
Florida
$1.75M +$387K +7,609 +27%
LWMNY
98
Landmark Wealth Management (New York)
New York
$1.75M +$532K +10,477 +41%
RCAG
99
Rehmann Capital Advisory Group
Michigan
$1.7M -$466K -9,169 -21%
NA
100
NewEdge Advisors
Louisiana
$1.67M +$462K +9,087 +36%
2 3
4
5 6

FMB Hedge Fund Activity: Q3 2022 in Review

285 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2022, worth a combined $1.21B — down 9.8% from $1.35B a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of FMB and 22 opened new positions — a net loss of 1 holder — while 118 trimmed existing stakes and 110 added.

The largest buyer was Rockefeller Capital Management, adding an estimated $11.5M. The largest seller was Bank of America, cutting an estimated $29.5M.

  • 285 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2022, down from 288 in Q2 2022.
  • Funds reported $1.21B of First Trust Managed Municipal ETF stock for Q3 2022, down 9.8% quarter-over-quarter.
  • 22 funds opened new First Trust Managed Municipal ETF positions in Q3 2022 and 23 closed out, a net change of -1 holder.
  • The largest First Trust Managed Municipal ETF buyer in Q3 2022 was Rockefeller Capital Management, an estimated $11.5M added.
  • The largest First Trust Managed Municipal ETF seller in Q3 2022 was Bank of America, an estimated $29.5M sold.

Based on aggregated 13F filings for Q3 2022.