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First Trust Managed Municipal ETF
FMB

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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
110
Holders Change
+16
Holders Change %
+17.02%
% of All Funds
2.38%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
22
Increased
55
Reduced
23
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
OAM
Oppenheimer Asset Management
New York
+$11.1M
2
OAJ
Ogorek Anthony Joseph
New York
+$10.8M
3
Morgan Stanley
Morgan Stanley
New York
+$10.3M
4
Bank of America
Bank of America
North Carolina
+$9.69M
5
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
+$6.89M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$2.61M
2
MI
Moneywise Inc
Virginia
-$2.19M
3
MML Investors Services
MML Investors Services
Massachusetts
-$1.47M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$736K
5
FAAS
First Allied Advisory Services
California
-$632K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
101
IFP Advisors
Florida
$22K – – –
ASN
102
Advisory Services Network
Georgia
$22K +$21.7K +409 New
PCM
103
Prelude Capital Management
New York
$19K -$431K -8,123 -96%
CFGS
104
Concourse Financial Group Securities
Alabama
$16K -$8.49K -160 -34%
LFG
105
LifePlan Financial Group
Ohio
$15K – – –
Northwestern Mutual Wealth Management
106
Northwestern Mutual Wealth Management
Wisconsin
$15K – – –
RIA
107
Realta Investment Advisors
Delaware
$15K +$14.6K +275 New
CF
108
Centaurus Financial
California
$3.29K +$2.87K +54 +44%
ACM
109
Aviance Capital Management
Florida
$3K -$1.06K -20 -26%
EWM
110
Executive Wealth Management
Michigan
$1K -$212 -4 -20%
MI
111
Moneywise Inc
Virginia
– -$2.19M -41,607 Closed
NFG
112
Next Financial Group
Texas
– -$433K -8,227 Closed
CFC
113
Coyle Financial Counsel
Illinois
– -$305K -5,800 Closed
MHS
114
M Holdings Securities
Oregon
– -$277K -5,261 Closed
1 2 3 4
5

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.