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First Trust Managed Municipal ETF
FMB

276 hedge funds and large institutions have $1.37B invested in First Trust Managed Municipal ETF in 2023 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 104 increasing their positions, 109 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 24

1% more funds holding

Funds holding: 274 → 276 (+2)

0.44% more ownership

Funds ownership: 72.51% → 72.95% (+0.44%)

1% less capital invested

Capital invested by funds: $1.38B → $1.37B (-$7.94M)

5% less repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 109

25% less funds holding in top 10

Funds holding in top 10: 12 → 9 (-3)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $348K

Holders
276
Holders Change
+2
Holders Change %
+0.73%
% of All Funds
4.33%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.14%
New
30
Increased
104
Reduced
109
Closed
24
Calls
–
Puts
$348K
Net Calls
-$348K
Net Calls Change
-$348K

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$6.29M
2
VWA
Visionary Wealth Advisors
Illinois
+$2.39M
3
LPL Financial
LPL Financial
California
+$2.36M
4
UBS Group
UBS Group
Switzerland
+$2.16M
5
KIG
Kowal Investment Group
Wisconsin
+$2.1M

Top Sellers

Rank Fund Capital Flow
1
CWM
Congress Wealth Management
Massachusetts
-$16.1M
2
Renaissance Technologies
Renaissance Technologies
New York
-$9.75M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$6M
4
LPT
Legacy Private Trust
Wisconsin
-$5.67M
5
AWM
AE Wealth Management
Kansas
-$5.26M
Name Holding Trade Value Shares
Change 		Change in
Stake
ARG
101
Advisory Resource Group
Oklahoma
$2.16M -$72.3K -1,425 -3%
FM
102
Foster & Motley
Ohio
$1.98M -$93.4K -1,841 -4%
Jane Street
103
Jane Street
New York
$1.96M +$1.96M +38,635 New
MA
104
Mutual Advisors
Nebraska
$1.93M -$163K -3,208 -8%
SFP
105
Strategic Financial Partners
Oregon
$1.88M -$223K -4,397 -11%
IA
106
IFG Advisory
Georgia
$1.85M +$3.14K +62 +0.2%
BWP
107
Bernardo Wealth Planning
Pennsylvania
$1.77M +$220K +4,333 +14%
DFA
108
DHJJ Financial Advisors
Illinois
$1.72M +$230K +4,542 +15%
SYBT
109
Stock Yards Bank & Trust
Kentucky
$1.67M -$204K -4,025 -11%
AAS
110
Ameritas Advisory Services
Nebraska
$1.65M -$610K -12,022 -27%
FTUS
111
Flow Traders U.S.
New York
$1.65M +$1.65M +32,530 New
CCFM
112
Clear Creek Financial Management
Washington
$1.62M -$272K -5,360 -14%
LS
113
Leelyn Smith
Illinois
$1.61M -$463K -9,122 -22%
CIAS
114
Capital Investment Advisory Services
North Carolina
$1.57M +$1.27K +25 +0.1%
AWM
115
AE Wealth Management
Kansas
$1.56M -$5.26M -103,762 -77%
SWA
116
Stratos Wealth Advisors
Ohio
$1.56M -$912K -17,978 -37%
SI
117
Saxon Interests
Texas
$1.56M -$57.8K -1,139 -4%
IWS
118
Insight Wealth Strategies
California
$1.52M +$20.1K +396 +1%
PPWM
119
Paragon Private Wealth Management
Kentucky
$1.52M -$57.5K -1,133 -4%
GWA
120
GGM Wealth Advisors
Maryland
$1.5M – – –
PSCM
121
Per Stirling Capital Management
Texas
$1.48M -$85.6K -1,687 -5%
SI
122
Stephens Inc
Arkansas
$1.42M +$1.42M +28,000 New
PWM
123
Peterson Wealth Management
Nevada
$1.41M +$263K +5,192 +23%
HW
124
Hedeker Wealth
Illinois
$1.4M +$583K +11,505 +72%
LFAS
125
Level Four Advisory Services
Texas
$1.39M +$101 +2 +0%
3 4
5
6 7

FMB Hedge Fund Activity: Q2 2023 in Review

276 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2023, worth a combined $1.37B — down 0.58% from $1.38B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new FMB positions and 24 closed out — a net gain of 6 holders — while 104 added to existing stakes and 109 trimmed.

The largest buyer was Bank of America, adding an estimated $6.29M. The largest seller was Congress Wealth Management, cutting an estimated $16.1M.

  • 276 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2023, up from 274 in Q1 2023.
  • Funds reported $1.37B of First Trust Managed Municipal ETF stock for Q2 2023, down 0.58% quarter-over-quarter.
  • 30 funds opened new First Trust Managed Municipal ETF positions in Q2 2023 and 24 closed out, a net change of +6 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q2 2023 was Bank of America, an estimated $6.29M added.
  • The largest First Trust Managed Municipal ETF seller in Q2 2023 was Congress Wealth Management, an estimated $16.1M sold.

Based on aggregated 13F filings for Q2 2023.