We are live on ! Find out more
FMB icon

First Trust Managed Municipal ETF
FMB

249 hedge funds and large institutions have $1.51B invested in First Trust Managed Municipal ETF in 2021 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 145 increasing their positions, 56 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

159% more repeat investments, than reductions

Existing positions increased: 145 | Existing positions reduced: 56

13% more funds holding in top 10

Funds holding in top 10: 15 → 17 (+2)

3% more capital invested

Capital invested by funds: $1.47B → $1.51B (+$41.5M)

0% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 20

2% less funds holding

Funds holding: 255 → 249 (-6)

4.81% less ownership

Funds ownership: 68.59% → 63.78% (-4.8%)

Holders
249
Holders Change
-6
Holders Change %
-2.35%
% of All Funds
4.36%
Holding in Top 10
17
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+13.33%
% of All Funds
0.3%
New
20
Increased
145
Reduced
56
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$15M
2
AWA
ARQ Wealth Advisors
Arizona
+$8.46M
3
Wells Fargo
Wells Fargo
California
+$7.99M
4
HW
Hedeker Wealth
Illinois
+$6.59M
5
Morgan Stanley
Morgan Stanley
New York
+$6.49M

Top Sellers

Rank Fund Capital Flow
1
WFS
Weitzel Financial Services
Iowa
-$100M
2
FEG
Financial Enhancement Group
Indiana
-$6.09M
3
Renaissance Technologies
Renaissance Technologies
New York
-$3.91M
4
Citadel Advisors
Citadel Advisors
Florida
-$3.39M
5
FTUS
Flow Traders U.S.
New York
-$2.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
IWC
126
Integrated Wealth Concepts
Massachusetts
$1.3M +$157K +2,728 +14%
LS
127
Leelyn Smith
Illinois
$1.29M +$25.5K +444 +2%
ASN
128
Advisory Services Network
Georgia
$1.22M -$307K -5,342 -20%
FA
129
Flagstar Advisors
New York
$1.21M +$1.22M +21,317 New
IFG
130
Independent Financial Group
California
$1.21M +$127K +2,212 +12%
RJT
131
Raymond James Trust
Florida
$1.19M +$48K +836 +4%
NWM
132
Northwest Wealth Management
Iowa
$1.14M – – –
EWM
133
Echo Wealth Management
Minnesota
$1.12M +$129K +2,253 +13%
MMHP
134
Murphy Middleton Hinkle & Parker
Georgia
$1.12M -$126K -2,198 -10%
NC
135
NewSquare Capital
Pennsylvania
$1.11M -$48.7K -848 -4%
OC
136
Oppenheimer & Co
New York
$1.11M +$49.7K +866 +5%
SAG
137
Spotlight Asset Group
Illinois
$1.11M -$2.35K -41 -0.2%
EWP
138
Engrave Wealth Partners
Texas
$1.1M – – –
HCIA
139
Hochman Cole Investment Advisors
Illinois
$1.09M +$517 +9 +0%
CBFP
140
Cedar Brook Financial Partners
Ohio
$1.06M -$334K -5,809 -24%
CA
141
Crumly & Associates
Illinois
$1.06M +$80.2K +1,396 +8%
CAG
142
Csenge Advisory Group
Florida
$1.03M +$79.1K +1,377 +8%
RIA
143
Regal Investment Advisors
Michigan
$1.03M +$184K +3,196 +21%
PWM
144
Peterson Wealth Management
Nevada
$995K -$23.7K -413 -2%
HWA
145
HCR Wealth Advisors
California
$991K +$201K +3,500 +25%
CFG
146
Cooper Financial Group
California
$932K – – –
SWM
147
SeaCrest Wealth Management
New York
$931K – – –
MAM
148
Meeder Asset Management
Ohio
$897K +$285K +4,958 +46%
FSG
149
Financial Strategies Group
Michigan
$874K +$77.4K +1,347 +10%
USCWA
150
U.S. Capital Wealth Advisors
Texas
$868K +$878K +15,290 New
4 5
6
7 8

FMB Hedge Fund Activity: Q3 2021 in Review

249 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2021, worth a combined $1.51B — up 2.8% from $1.47B a quarter earlier.

Fund positioning in FMB was balanced in Q3 2021: 20 funds opened new positions, 20 closed out, 145 added to existing stakes and 56 trimmed.

The largest buyer was LPL Financial, adding an estimated $15M. The largest seller was Weitzel Financial Services, cutting an estimated $100M.

  • 249 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2021, down from 255 in Q2 2021.
  • Funds reported $1.51B of First Trust Managed Municipal ETF stock for Q3 2021, up 2.8% quarter-over-quarter.
  • 20 funds opened new First Trust Managed Municipal ETF positions in Q3 2021 and 20 closed out, a net change of 0 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q3 2021 was LPL Financial, an estimated $15M added.
  • The largest First Trust Managed Municipal ETF seller in Q3 2021 was Weitzel Financial Services, an estimated $100M sold.

Based on aggregated 13F filings for Q3 2021.