First Trust Managed Municipal ETF
134 hedge funds and large institutions have $621M invested in First Trust Managed Municipal ETF in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 87 increasing their positions, 18 reducing their positions, and 5 closing their positions.
383% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 18
220% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 5
26% more capital invested
Capital invested by funds: $493M → $621M (+$129M)
9% more funds holding
Funds holding: 123 → 134 (+11)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.46% less ownership
Funds ownership: 59.14% → 58.68% (-0.46%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$15.4M |
| 2 |
Morgan Stanley
New York
|
+$15.3M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$12.8M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$7.6M |
| 5 |
LPL Financial
San Diego,
California
|
+$6.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
-$1.08M |
| 2 |
CFG
CMC Financial Group
Atlanta,
Georgia
|
-$884K |
| 3 |
WP
WealthSource Partners
San Luis Obispo,
California
|
-$330K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$192K |
| 5 |
MMHP
Murphy Middleton Hinkle & Parker
Thomasville,
Georgia
|
-$150K |
FMB Hedge Fund Activity: Q3 2019 in Review
134 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2019, worth a combined $621M — up 26% from $493M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FMB positions and 5 closed out — a net gain of 11 holders — while 87 added to existing stakes and 18 trimmed.
The largest buyer was UBS Group, adding an estimated $15.4M. The largest seller was Flow Traders U.S., exiting entirely with an estimated $1.08M sold.
- 134 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2019, up from 123 in Q2 2019.
- Funds reported $621M of First Trust Managed Municipal ETF stock for Q3 2019, up 26% quarter-over-quarter.
- 16 funds opened new First Trust Managed Municipal ETF positions in Q3 2019 and 5 closed out, a net change of +11 holders.
- The largest First Trust Managed Municipal ETF buyer in Q3 2019 was UBS Group, an estimated $15.4M added.
- The largest First Trust Managed Municipal ETF seller in Q3 2019 was Flow Traders U.S., an estimated $1.08M sold.
Based on aggregated 13F filings for Q3 2019.