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First Trust Managed Municipal ETF
FMB

181 hedge funds and large institutions have $756M invested in First Trust Managed Municipal ETF in 2019 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 90 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

817% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 6

374% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 19

60% more funds holding in top 10

Funds holding in top 10: 5 → 8 (+3)

35% more funds holding

Funds holding: 134 → 181 (+47)

22% more capital invested

Capital invested by funds: $621M → $756M (+$134M)

2.47% more ownership

Funds ownership: 58.68% → 61.15% (+2.5%)

Holders
181
Holders Change
+47
Holders Change %
+35.07%
% of All Funds
3.57%
Holding in Top 10
8
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+60%
% of All Funds
0.16%
New
55
Increased
90
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$15.5M
2
Bank of America
Bank of America
North Carolina
+$12M
3
Morgan Stanley
Morgan Stanley
New York
+$9.36M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$9.23M
5
LPL Financial
LPL Financial
California
+$8.34M

Top Sellers

Rank Fund Capital Flow
1
SFS
Sowell Financial Services
Arkansas
-$2.41M
2
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
-$2.17M
3
NFG
Next Financial Group
Texas
-$1.29M
4
PCM
Prelude Capital Management
New York
-$473K
5
NWM
Northwest Wealth Management
Iowa
-$453K
Name Holding Trade Value Shares
Change 		Change in
Stake
NFG
101
Norris Financial Group
South Carolina
$692K +$691K +12,458 New
HWA
102
HCR Wealth Advisors
California
$669K – – –
SAG
103
Spotlight Asset Group
Illinois
$646K +$666K +12,006 New
Ameriprise
104
Ameriprise
Minnesota
$578K -$290K -5,224 -33%
BWM
105
BerganKDV Wealth Management
Minnesota
$564K +$55.2K +996 +11%
IWS
106
Insight Wealth Strategies
California
$561K +$3.27K +59 +0.6%
CWM
107
Cornerstone Wealth Management
Missouri
$552K +$552K +9,944 New
SFPG
108
Stonebridge Financial Planning Group
Florida
$551K +$551K +9,925 New
GWM
109
Geneos Wealth Management
Colorado
$543K +$240K +4,320 +79%
IWM
110
IHT Wealth Management
Illinois
$542K -$210K -3,787 -28%
CA
111
Cetera Advisors
Colorado
$540K +$116K +2,084 +27%
EWP
112
Engrave Wealth Partners
Texas
$536K +$536K +9,664 New
SPC
113
Sigma Planning Corp
Michigan
$529K +$260K +4,695 +97%
QCIG
114
Quad-Cities Investment Group
Iowa
$519K +$2.55K +46 +0.5%
SWM
115
SeaCrest Wealth Management
New York
$515K +$514K +9,274 New
WEC
116
Winslow Evans & Crocker
Massachusetts
$486K +$125K +2,260 +35%
PA
117
PFG Advisors
Arizona
$477K +$777 +14 +0.2%
JP Morgan Chase
118
JP Morgan Chase
New York
$469K – – –
NC
119
NewSquare Capital
Pennsylvania
$462K +$461K +8,315 New
BWM
120
BT Wealth Management
Georgia
$460K – – –
AWA
121
Arete Wealth Advisors
Illinois
$459K -$67.5K -1,216 -13%
ACA
122
Aptus Capital Advisors
Alabama
$431K – – –
CFGS
123
Concourse Financial Group Securities
Alabama
$416K +$245K +4,422 +144%
HAS
124
HBW Advisory Services
California
$413K +$410K +7,391 New
BFA
125
Brendel Financial Advisors
New Hampshire
$409K – – –
3 4
5
6 7

FMB Hedge Fund Activity: Q4 2019 in Review

181 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2019, worth a combined $756M — up 22% from $621M a quarter earlier.

Buyers outnumbered sellers: 55 funds opened new FMB positions and 6 closed out — a net gain of 49 holders — while 90 added to existing stakes and 19 trimmed.

The largest buyer was Wells Fargo, adding an estimated $15.5M. The largest seller was Sowell Financial Services, cutting an estimated $2.41M.

  • 181 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2019, up from 134 in Q3 2019.
  • Funds reported $756M of First Trust Managed Municipal ETF stock for Q4 2019, up 22% quarter-over-quarter.
  • 55 funds opened new First Trust Managed Municipal ETF positions in Q4 2019 and 6 closed out, a net change of +49 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q4 2019 was Wells Fargo, an estimated $15.5M added.
  • The largest First Trust Managed Municipal ETF seller in Q4 2019 was Sowell Financial Services, an estimated $2.41M sold.

Based on aggregated 13F filings for Q4 2019.