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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
MSFS
126
Main Street Financial Solutions
Pennsylvania
$1.5M +$57 +1 +0%
SWM
127
Scissortail Wealth Management
Oklahoma
$1.45M +$1.45M +25,472 New
BRWA
128
B. Riley Wealth Advisors
Florida
$1.43M +$50.6K +891 +4%
MIC
129
Means Investment Company
Maine
$1.42M -$6.99K -123 -0.5%
P
130
&Partners
Tennessee
$1.4M – – –
NFG
131
Next Financial Group
Texas
$1.38M -$32.8K -578 -2%
FTUS
132
Flow Traders U.S.
New York
$1.38M +$1.37M +24,176 New
KWM
133
Kaydan Wealth Management
Michigan
$1.37M +$1.37M +24,085 New
QWM
134
QP Wealth Management
New Jersey
$1.37M +$29.3K +515 +2%
CBFP
135
Cedar Brook Financial Partners
Ohio
$1.36M +$295K +5,196 +28%
EFG
136
Erickson Financial Group
Pennsylvania
$1.34M +$1.34M +23,550 New
IWC
137
Integrated Wealth Concepts
Massachusetts
$1.31M +$10.6K +186 +0.8%
LS
138
Leelyn Smith
Illinois
$1.29M – – –
CA
139
Crumly & Associates
Illinois
$1.29M +$251K +4,424 +24%
MAM
140
Meeder Asset Management
Ohio
$1.24M +$342K +6,015 +38%
RJT
141
Raymond James Trust
Florida
$1.23M +$31.6K +557 +3%
EWM
142
Echo Wealth Management
Minnesota
$1.22M +$103K +1,816 +9%
IFG
143
Independent Financial Group
California
$1.21M – – –
FA
144
Flagstar Advisors
New York
$1.2M -$13.4K -236 -1%
NC
145
NewSquare Capital
Pennsylvania
$1.19M +$67.6K +1,190 +6%
NWM
146
Northwest Wealth Management
Iowa
$1.14M – – –
OC
147
Oppenheimer & Co
New York
$1.14M +$22.8K +402 +2%
SPA
148
Sentinel Pension Advisors
Massachusetts
$1.13M +$279K +4,919 +33%
Mercer Global Advisors
149
Mercer Global Advisors
Colorado
$1.12M -$213K -3,753 -16%
PWM
150
Peterson Wealth Management
Nevada
$1.12M +$123K +2,161 +12%
4 5
6
7 8

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.