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First Trust Managed Municipal ETF
FMB

296 hedge funds and large institutions have $1.68B invested in First Trust Managed Municipal ETF in 2021 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 128 increasing their positions, 68 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

482% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 11

88% more repeat investments, than reductions

Existing positions increased: 128 | Existing positions reduced: 68

19% more funds holding

Funds holding: 249 → 296 (+47)

12% more funds holding in top 10

Funds holding in top 10: 17 → 19 (+2)

12% more capital invested

Capital invested by funds: $1.51B → $1.68B (+$174M)

3.91% more ownership

Funds ownership: 63.78% → 67.69% (+3.9%)

Holders
296
Holders Change
+47
Holders Change %
+18.88%
% of All Funds
4.56%
Holding in Top 10
19
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+11.76%
% of All Funds
0.29%
New
64
Increased
128
Reduced
68
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HighTower Advisors
HighTower Advisors
Illinois
+$18.6M
2
MMA
Miracle Mile Advisors
California
+$17M
3
Wells Fargo
Wells Fargo
California
+$12.7M
4
LPL Financial
LPL Financial
California
+$8.99M
5
Osaic Holdings
Osaic Holdings
Arizona
+$6.31M

Top Sellers

Rank Fund Capital Flow
1
AWA
ARQ Wealth Advisors
Arizona
-$8.37M
2
Jane Street
Jane Street
New York
-$6.99M
3
HW
Hedeker Wealth
Illinois
-$5.86M
4
HI
Harbour Investments
Wisconsin
-$4.11M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$4.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
IWS
101
Insight Wealth Strategies
California
$2.08M +$696K +12,246 +51%
APWA
102
Atlas Private Wealth Advisors
New Jersey
$2.08M -$568K -9,993 -22%
WT
103
Washington Trust
Rhode Island
$2.06M +$1.97M +34,730 +2,509%
TFS
104
Thoroughbred Financial Services
Tennessee
$2.06M – – –
TLP
105
Trinity Legacy Partners
Texas
$2.04M +$1.64M +28,925 +418%
OAM
106
Occidental Asset Management
California
$2M +$98.3K +1,731 +5%
C
107
CEDRUS
Colorado
$1.96M +$1.95M +34,312 New
AFP
108
Ausdal Financial Partners
Iowa
$1.94M -$347K -6,112 -15%
OIA
109
OneDigital Investment Advisors
Kansas
$1.88M +$66.3K +1,168 +4%
BWP
110
Bernardo Wealth Planning
Pennsylvania
$1.86M -$92.5K -1,629 -5%
PFS
111
Prospera Financial Services
Texas
$1.83M +$111K +1,954 +7%
WWM
112
Western Wealth Management
Colorado
$1.78M +$1.78M +31,300 New
SEP
113
Southland Equity Partners
Missouri
$1.77M – – –
DFA
114
DHJJ Financial Advisors
Illinois
$1.73M +$4.49K +79 +0.3%
WWMSC
115
Wagner Wealth Management (South Carolina)
South Carolina
$1.72M -$138K -2,422 -7%
PAG
116
Private Advisory Group
Washington
$1.7M -$932K -16,413 -36%
VCM
117
Virtue Capital Management
Tennessee
$1.66M -$175K -3,073 -10%
LFG
118
Larson Financial Group
Missouri
$1.65M +$194K +3,407 +13%
QAM
119
Q3 Asset Management
Michigan
$1.64M +$1.64M +28,846 New
PPWM
120
PFG Private Wealth Management
Florida
$1.63M +$116K +2,040 +8%
CCM
121
Chiron Capital Management
Florida
$1.6M +$5.23K +92 +0.3%
ASN
122
Advisory Services Network
Georgia
$1.6M +$369K +6,500 +30%
CIAS
123
Capital Investment Advisory Services
North Carolina
$1.55M -$4.26K -75 -0.3%
WA
124
WBH Advisory
Maryland
$1.53M -$284K -4,994 -16%
CCA
125
Clearwater Capital Advisors
Illinois
$1.51M -$78.9K -1,389 -5%
3 4
5
6 7

FMB Hedge Fund Activity: Q4 2021 in Review

296 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2021, worth a combined $1.68B — up 12% from $1.51B a quarter earlier.

Buyers outnumbered sellers: 64 funds opened new FMB positions and 11 closed out — a net gain of 53 holders — while 128 added to existing stakes and 68 trimmed.

The largest buyer was HighTower Advisors, adding an estimated $18.6M. The largest seller was ARQ Wealth Advisors, exiting entirely with an estimated $8.37M sold.

  • 296 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2021, up from 249 in Q3 2021.
  • Funds reported $1.68B of First Trust Managed Municipal ETF stock for Q4 2021, up 12% quarter-over-quarter.
  • 64 funds opened new First Trust Managed Municipal ETF positions in Q4 2021 and 11 closed out, a net change of +53 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q4 2021 was HighTower Advisors, an estimated $18.6M added.
  • The largest First Trust Managed Municipal ETF seller in Q4 2021 was ARQ Wealth Advisors, an estimated $8.37M sold.

Based on aggregated 13F filings for Q4 2021.