First Trust Managed Municipal ETF
294 hedge funds and large institutions have $1.7B invested in First Trust Managed Municipal ETF in 2022 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 130 increasing their positions, 103 reducing their positions, and 28 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 103
3.63% more ownership
Funds ownership: 67.69% → 71.32% (+3.6%)
4% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 28
1% more capital invested
Capital invested by funds: $1.68B → $1.7B (+$22.1M)
0% more funds holding in top 10
Funds holding in top 10: 19 → 19 (0)
1% less funds holding
Funds holding: 296 → 294 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APP
Avantax Planning Partners
Dubuque,
Iowa
|
+$40.3M |
| 2 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
+$26.2M |
| 3 |
Jane Street
New York
|
+$23.4M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$15.4M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$9.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$24M |
| 2 |
LPL Financial
San Diego,
California
|
-$9.61M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$4.34M |
| 4 |
FHC
First Heartland Consultants
Lake St. Louis,
Missouri
|
-$4.05M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$3.88M |
FMB Hedge Fund Activity: Q1 2022 in Review
294 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2022, worth a combined $1.7B — up 1.3% from $1.68B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new FMB positions and 28 closed out — a net gain of 1 holder — while 130 added to existing stakes and 103 trimmed.
The largest buyer was Avantax Planning Partners, adding an estimated $40.3M. The largest seller was Morgan Stanley, cutting an estimated $24M.
- 294 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2022, down from 296 in Q4 2021.
- Funds reported $1.7B of First Trust Managed Municipal ETF stock for Q1 2022, up 1.3% quarter-over-quarter.
- 29 funds opened new First Trust Managed Municipal ETF positions in Q1 2022 and 28 closed out, a net change of +1 holder.
- The largest First Trust Managed Municipal ETF buyer in Q1 2022 was Avantax Planning Partners, an estimated $40.3M added.
- The largest First Trust Managed Municipal ETF seller in Q1 2022 was Morgan Stanley, an estimated $24M sold.
Based on aggregated 13F filings for Q1 2022.