First Trust Managed Municipal ETF
123 hedge funds and large institutions have $493M invested in First Trust Managed Municipal ETF in 2019 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 78 increasing their positions, 15 reducing their positions, and 4 closing their positions.
420% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 15
400% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 4
30% more capital invested
Capital invested by funds: $380M → $493M (+$112M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
12% more funds holding
Funds holding: 110 → 123 (+13)
1.17% less ownership
Funds ownership: 60.31% → 59.14% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$19.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$13.4M |
| 3 |
Morgan Stanley
New York
|
+$8.86M |
| 4 |
LPL Financial
San Diego,
California
|
+$7.99M |
| 5 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$7.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCP
Blackhawk Capital Partners
Thiensville,
Wisconsin
|
-$1.39M |
| 2 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$865K |
| 3 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
-$797K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$476K |
| 5 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
-$429K |
FMB Hedge Fund Activity: Q2 2019 in Review
123 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2019, worth a combined $493M — up 30% from $380M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new FMB positions and 4 closed out — a net gain of 16 holders — while 78 added to existing stakes and 15 trimmed.
The largest buyer was UBS Group, adding an estimated $19.5M. The largest seller was Blackhawk Capital Partners, cutting an estimated $1.39M.
- 123 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2019, up from 110 in Q1 2019.
- Funds reported $493M of First Trust Managed Municipal ETF stock for Q2 2019, up 30% quarter-over-quarter.
- 20 funds opened new First Trust Managed Municipal ETF positions in Q2 2019 and 4 closed out, a net change of +16 holders.
- The largest First Trust Managed Municipal ETF buyer in Q2 2019 was UBS Group, an estimated $19.5M added.
- The largest First Trust Managed Municipal ETF seller in Q2 2019 was Blackhawk Capital Partners, an estimated $1.39M sold.
Based on aggregated 13F filings for Q2 2019.