First Trust Managed Municipal ETF
255 hedge funds and large institutions have $1.47B invested in First Trust Managed Municipal ETF in 2021 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 137 increasing their positions, 53 reducing their positions, and 12 closing their positions.
200% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 12
158% more repeat investments, than reductions
Existing positions increased: 137 | Existing positions reduced: 53
13% more capital invested
Capital invested by funds: $1.3B → $1.47B (+$169M)
9% more funds holding
Funds holding: 233 → 255 (+22)
3.43% more ownership
Funds ownership: 65.16% → 68.59% (+3.4%)
6% less funds holding in top 10
Funds holding in top 10: 16 → 15 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WFS
Weitzel Financial Services
Dubuque,
Iowa
|
+$100M |
| 2 |
CAMG
CWA Asset Management Group
Naples,
Florida
|
+$37.9M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$24.2M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$7.45M |
| 5 |
Morgan Stanley
New York
|
+$6.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
ARQ Wealth Advisors
Scottsdale,
Arizona
|
-$7.72M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$4.15M |
| 3 |
SWP
ShoreHaven Wealth Partners
Red Bank,
New Jersey
|
-$2.87M |
| 4 |
FFN
Focus Financial Network
Minneapolis,
Minnesota
|
-$2.2M |
| 5 |
FFG
Frisch Financial Group
Melville,
New York
|
-$1.71M |
FMB Hedge Fund Activity: Q2 2021 in Review
255 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2021, worth a combined $1.47B — up 13% from $1.3B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new FMB positions and 12 closed out — a net gain of 24 holders — while 137 added to existing stakes and 53 trimmed.
The largest buyer was Weitzel Financial Services, adding an estimated $100M. The largest seller was ARQ Wealth Advisors, exiting entirely with an estimated $7.72M sold.
- 255 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2021, up from 233 in Q1 2021.
- Funds reported $1.47B of First Trust Managed Municipal ETF stock for Q2 2021, up 13% quarter-over-quarter.
- 36 funds opened new First Trust Managed Municipal ETF positions in Q2 2021 and 12 closed out, a net change of +24 holders.
- The largest First Trust Managed Municipal ETF buyer in Q2 2021 was Weitzel Financial Services, an estimated $100M added.
- The largest First Trust Managed Municipal ETF seller in Q2 2021 was ARQ Wealth Advisors, an estimated $7.72M sold.
Based on aggregated 13F filings for Q2 2021.