We are live on ! Find out more
FMB icon

First Trust Managed Municipal ETF
FMB

296 hedge funds and large institutions have $1.52B invested in First Trust Managed Municipal ETF in 2026 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 142 increasing their positions, 91 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more repeat investments, than reductions

Existing positions increased: 142 | Existing positions reduced: 91

1% more capital invested

Capital invested by funds: $1.5B → $1.52B (+$22.5M)

0.44% more ownership

Funds ownership: 77.49% → 77.93% (+0.44%)

5% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 21

3% less funds holding

Funds holding: 306 → 296 (-10)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
296
Holders Change
-10
Holders Change %
-3.27%
% of All Funds
3.64%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.01%
New
20
Increased
142
Reduced
91
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$20.3M
2
IAA
Independent Advisor Alliance
North Carolina
+$12M
3
Bank of America
Bank of America
North Carolina
+$11.4M
4
OIA
OneDigital Investment Advisors
Kansas
+$8.52M
5
FPAS
Focus Partners Advisor Solutions
Missouri
+$6.96M

Top Sellers

Rank Fund Capital Flow
1
MMA
Miracle Mile Advisors
California
-$46.7M
2
TFP
TrueWealth Financial Partners
Washington
-$12.7M
3
Jane Street
Jane Street
New York
-$5.56M
4
FFG
Frisch Financial Group
New York
-$3.92M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
EWM
151
EPG Wealth Management
Georgia
$907K +$25.5K +496 +3%
FPCG
152
Forum Private Client Group
Indiana
$872K +$248K +4,825 +39%
GVAG
153
Great Valley Advisor Group
Delaware
$866K +$45.5K +885 +5%
BCM
154
Brookstone Capital Management
Illinois
$851K +$446K +8,673 +107%
PAS
155
PKS Advisory Services
New York
$825K +$154K +2,997 +23%
SEP
156
Southland Equity Partners
Missouri
$823K -$11.8K -230 -1%
GC
157
Gilbert & Cook
Iowa
$812K – – –
PFGIA
158
Patriot Financial Group Insurance Agency
Massachusetts
$788K +$400K +7,782 +100%
WSWA
159
Warren Street Wealth Advisors
California
$769K -$7.56K -147 -1%
CCG
160
Cypress Capital Group
Florida
$752K -$463K -9,000 -38%
SI
161
Saxon Interests
Texas
$750K – – –
WWA
162
WCG Wealth Advisors
Nevada
$746K -$53.4K -1,039 -7%
OAM
163
Occidental Asset Management
California
$738K +$1.03K +20 +0.1%
TPW
164
TL Private Wealth
Texas
$714K +$5.81K +113 +0.8%
HNWAG
165
High Net Worth Advisory Group
Florida
$712K +$206K +4,001 +40%
MLRA
166
Main Line Retirement Advisors
Montana
$708K +$4.16K +81 +0.6%
GWM
167
Geneos Wealth Management
Colorado
$701K +$42.9K +834 +6%
OC
168
Opinicus Capital
Florida
$686K +$4.16K +81 +0.6%
SFS
169
Security Financial Services
Indiana
$685K +$6.27K +122 +0.9%
CCA
170
Cottonwood Capital Advisors
Utah
$667K +$1.7K +33 +0.3%
First Trust Advisors
171
First Trust Advisors
Illinois
$662K -$44.4K -864 -6%
DWA
172
Delos Wealth Advisors
Texas
$660K – – –
AC
173
Avestar Capital
New York
$658K +$419K +8,147 +168%
HHCP
174
Hilton Head Capital Partners
South Carolina
$650K -$19.6K -381 -3%
Koshinski Asset Management
175
Koshinski Asset Management
Illinois
$643K -$37.9K -737 -5%
5 6
7
8 9

FMB Hedge Fund Activity: Q1 2026 in Review

296 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2026, worth a combined $1.52B — up 1.5% from $1.5B a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of FMB and 20 opened new positions — a net loss of 1 holder — while 91 trimmed existing stakes and 142 added.

The largest buyer was Morgan Stanley, adding an estimated $20.3M. The largest seller was Miracle Mile Advisors, cutting an estimated $46.7M.

  • 296 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2026, down from 306 in Q4 2025.
  • Funds reported $1.52B of First Trust Managed Municipal ETF stock for Q1 2026, up 1.5% quarter-over-quarter.
  • 20 funds opened new First Trust Managed Municipal ETF positions in Q1 2026 and 21 closed out, a net change of -1 holder.
  • The largest First Trust Managed Municipal ETF buyer in Q1 2026 was Morgan Stanley, an estimated $20.3M added.
  • The largest First Trust Managed Municipal ETF seller in Q1 2026 was Miracle Mile Advisors, an estimated $46.7M sold.

Based on aggregated 13F filings for Q1 2026.