First Trust Managed Municipal ETF
297 hedge funds and large institutions have $1.5B invested in First Trust Managed Municipal ETF in 2024 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 110 increasing their positions, 122 reducing their positions, and 25 closing their positions.
12% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 25
0% more funds holding
Funds holding: 297 → 297 (0)
2% less capital invested
Capital invested by funds: $1.53B → $1.5B (-$34.6M)
10% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 122
1.28% less ownership
Funds ownership: 77.21% → 75.93% (-1.3%)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$8.83M |
| 2 |
LFG
Larson Financial Group
St Louis,
Missouri
|
+$5.17M |
| 3 |
RVPG
Relative Value Partners Group
|
+$4.68M |
| 4 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$3.76M |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$3.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$15.3M |
| 2 |
AWA
ARQ Wealth Advisors
Scottsdale,
Arizona
|
-$6.43M |
| 3 |
LPL Financial
San Diego,
California
|
-$5.51M |
| 4 |
Goldman Sachs
New York
|
-$4.93M |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$4.04M |
FMB Hedge Fund Activity: Q2 2024 in Review
297 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2024, worth a combined $1.5B — down 2.3% from $1.53B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new FMB positions and 25 closed out — a net gain of 3 holders — while 110 added to existing stakes and 122 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $8.83M. The largest seller was Jane Street, exiting entirely with an estimated $15.3M sold.
- 297 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2024, unchanged from Q1 2024.
- Funds reported $1.5B of First Trust Managed Municipal ETF stock for Q2 2024, down 2.3% quarter-over-quarter.
- 28 funds opened new First Trust Managed Municipal ETF positions in Q2 2024 and 25 closed out, a net change of +3 holders.
- The largest First Trust Managed Municipal ETF buyer in Q2 2024 was Morgan Stanley, an estimated $8.83M added.
- The largest First Trust Managed Municipal ETF seller in Q2 2024 was Jane Street, an estimated $15.3M sold.
Based on aggregated 13F filings for Q2 2024.