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First Trust Managed Municipal ETF
FMB

181 hedge funds and large institutions have $756M invested in First Trust Managed Municipal ETF in 2019 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 90 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

817% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 6

374% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 19

60% more funds holding in top 10

Funds holding in top 10: 5 → 8 (+3)

35% more funds holding

Funds holding: 134 → 181 (+47)

22% more capital invested

Capital invested by funds: $621M → $756M (+$134M)

2.47% more ownership

Funds ownership: 58.68% → 61.15% (+2.5%)

Holders
181
Holders Change
+47
Holders Change %
+35.07%
% of All Funds
3.57%
Holding in Top 10
8
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+60%
% of All Funds
0.16%
New
55
Increased
90
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$15.5M
2
Bank of America
Bank of America
North Carolina
+$12M
3
Morgan Stanley
Morgan Stanley
New York
+$9.36M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$9.23M
5
LPL Financial
LPL Financial
California
+$8.34M

Top Sellers

Rank Fund Capital Flow
1
SFS
Sowell Financial Services
Arkansas
-$2.41M
2
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
-$2.17M
3
NFG
Next Financial Group
Texas
-$1.29M
4
PCM
Prelude Capital Management
New York
-$473K
5
NWM
Northwest Wealth Management
Iowa
-$453K
Name Holding Trade Value Shares
Change 		Change in
Stake
WWM
126
Western Wealth Management
Colorado
$382K +$381K +6,873 New
RIA
127
Regal Investment Advisors
Michigan
$381K +$70.2K +1,265 +23%
AWM
128
AE Wealth Management
Kansas
$381K +$381K +6,862 New
WCM
129
WealthBridge Capital Management
Ohio
$380K +$380K +6,842 New
ASN
130
Advisory Services Network
Georgia
$358K -$194K -3,502 -35%
AIS
131
Accurate Investment Solutions
Pennsylvania
$348K – – –
PMFA
132
Plante Moran Financial Advisors
Michigan
$340K – – –
OC
133
Oppenheimer & Co
New York
$326K +$13K +234 +4%
RWA
134
Redhawk Wealth Advisors
Minnesota
$308K +$308K +5,546 New
BWP
135
Bernardo Wealth Planning
Pennsylvania
$305K +$305K +5,495 New
DWM
136
Doyle Wealth Management
Florida
$296K +$296K +5,330 New
PNC Financial Services Group
137
PNC Financial Services Group
Pennsylvania
$284K +$499 +9 +0.2%
CCFM
138
Clear Creek Financial Management
Washington
$281K +$39.5K +713 +17%
FSG
139
Financial Strategies Group
Michigan
$280K +$280K +5,043 New
AFC
140
AFT Forsyth & Company
Florida
$278K – – –
IWA
141
Inspirion Wealth Advisors
Illinois
$278K +$19.7K +356 +8%
US Bancorp
142
US Bancorp
Minnesota
$275K +$169K +3,054 +161%
BRWM
143
B. Riley Wealth Management
Tennessee
$264K +$263K +4,750 New
ARG
144
Advisory Resource Group
Oklahoma
$261K – – –
PWP
145
Principle Wealth Partners
Connecticut
$261K +$261K +4,700 New
WS
146
Wedbush Securities
California
$259K +$259K +4,670 New
HFP
147
Holistic Financial Partners
Indiana
$255K -$254K -4,587 -50%
STB
148
S&T Bank
Pennsylvania
$254K +$254K +4,580 New
PWM
149
Peterson Wealth Management
Nevada
$253K +$250K +4,516 New
VFA
150
Valeo Financial Advisors
Indiana
$250K – – –
4 5
6
7 8

FMB Hedge Fund Activity: Q4 2019 in Review

181 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2019, worth a combined $756M — up 22% from $621M a quarter earlier.

Buyers outnumbered sellers: 55 funds opened new FMB positions and 6 closed out — a net gain of 49 holders — while 90 added to existing stakes and 19 trimmed.

The largest buyer was Wells Fargo, adding an estimated $15.5M. The largest seller was Sowell Financial Services, cutting an estimated $2.41M.

  • 181 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2019, up from 134 in Q3 2019.
  • Funds reported $756M of First Trust Managed Municipal ETF stock for Q4 2019, up 22% quarter-over-quarter.
  • 55 funds opened new First Trust Managed Municipal ETF positions in Q4 2019 and 6 closed out, a net change of +49 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q4 2019 was Wells Fargo, an estimated $15.5M added.
  • The largest First Trust Managed Municipal ETF seller in Q4 2019 was Sowell Financial Services, an estimated $2.41M sold.

Based on aggregated 13F filings for Q4 2019.