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First Trust Managed Municipal ETF
FMB

192 hedge funds and large institutions have $866M invested in First Trust Managed Municipal ETF in 2020 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 97 increasing their positions, 44 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 44

114% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 14

25% more funds holding in top 10

Funds holding in top 10: 8 → 10 (+2)

15% more capital invested

Capital invested by funds: $756M → $866M (+$110M)

6% more funds holding

Funds holding: 181 → 192 (+11)

1.79% more ownership

Funds ownership: 61.15% → 62.94% (+1.8%)

Holders
192
Holders Change
+11
Holders Change %
+6.08%
% of All Funds
4.23%
Holding in Top 10
10
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+25%
% of All Funds
0.22%
New
30
Increased
97
Reduced
44
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PAG
Pinnacle Advisory Group
Maryland
+$23.3M
2
Jane Street
Jane Street
New York
+$21.2M
3
Bank of America
Bank of America
North Carolina
+$15.1M
4
RJA
Raymond James & Associates
Florida
+$7.47M
5
SS
Simplicity Solutions
Minnesota
+$6.87M

Top Sellers

Rank Fund Capital Flow
1
IAA
Independent Advisor Alliance
North Carolina
-$6.39M
2
UBS Group
UBS Group
Switzerland
-$3.9M
3
LA
LexAurum Advisors
Kansas
-$2.17M
4
MML Investors Services
MML Investors Services
Massachusetts
-$1.53M
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$1.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
101
Crumly & Associates
Illinois
$882K +$38.4K +691 +4%
IWM
102
IHT Wealth Management
Illinois
$782K +$262K +4,712 +48%
BWP
103
Bernardo Wealth Planning
Pennsylvania
$729K +$445K +8,000 +146%
IA
104
IFP Advisors
Florida
$726K +$646K +11,633 +641%
BFM
105
Boothbay Fund Management
New York
$673K +$692K +12,455 New
PCM
106
Prelude Capital Management
New York
$673K +$692K +12,455 New
HWA
107
HCR Wealth Advisors
California
$652K – – –
SAG
108
Spotlight Asset Group
Illinois
$649K – – –
OC
109
Oppenheimer & Co
New York
$635K +$326K +5,875 +100%
SWM
110
SeaCrest Wealth Management
New York
$627K +$129K +2,315 +25%
FA
111
FMA Advisory
Pennsylvania
$624K -$78.6K -1,415 -11%
CA
112
Cetera Advisors
Colorado
$623K +$100K +1,805 +19%
MOS
113
MGO One Seven
Ohio
$621K -$524K -9,436 -45%
MHS
114
M Holdings Securities
Oregon
$595K +$612K +11,008 New
CWM
115
Cornerstone Wealth Management
Missouri
$593K +$57.1K +1,028 +10%
CFGS
116
Concourse Financial Group Securities
Alabama
$579K +$178K +3,211 +43%
Ameriprise
117
Ameriprise
Minnesota
$563K – – –
BWM
118
BerganKDV Wealth Management
Minnesota
$525K -$24.8K -446 -4%
SPA
119
Sentinel Pension Advisors
Massachusetts
$524K +$538K +9,686 New
EWP
120
Engrave Wealth Partners
Texas
$522K – – –
RWA
121
Redhawk Wealth Advisors
Minnesota
$508K +$214K +3,858 +70%
QCIG
122
Quad-Cities Investment Group
Iowa
$507K +$1.61K +29 +0.3%
WCM
123
WealthBridge Capital Management
Ohio
$502K +$136K +2,441 +36%
JIP
124
Jaffetilchin Investment Partners
Florida
$501K -$397K -7,146 -44%
SCM
125
Seascape Capital Management
New Hampshire
$493K -$509K -9,150 -50%
3 4
5
6 7

FMB Hedge Fund Activity: Q1 2020 in Review

192 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2020, worth a combined $866M — up 15% from $756M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new FMB positions and 14 closed out — a net gain of 16 holders — while 97 added to existing stakes and 44 trimmed.

The largest buyer was Pinnacle Advisory Group, opening a new position worth an estimated $23.3M. The largest seller was Independent Advisor Alliance, exiting entirely with an estimated $6.39M sold.

  • 192 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2020, up from 181 in Q4 2019.
  • Funds reported $866M of First Trust Managed Municipal ETF stock for Q1 2020, up 15% quarter-over-quarter.
  • 30 funds opened new First Trust Managed Municipal ETF positions in Q1 2020 and 14 closed out, a net change of +16 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q1 2020 was Pinnacle Advisory Group, an estimated $23.3M added.
  • The largest First Trust Managed Municipal ETF seller in Q1 2020 was Independent Advisor Alliance, an estimated $6.39M sold.

Based on aggregated 13F filings for Q1 2020.