First Trust Managed Municipal ETF
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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$15M |
| 2 |
AWA
ARQ Wealth Advisors
Scottsdale,
Arizona
|
+$8.46M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$7.99M |
| 4 |
HW
Hedeker Wealth
Lincolnshire,
Illinois
|
+$6.59M |
| 5 |
Morgan Stanley
New York
|
+$6.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WFS
Weitzel Financial Services
Dubuque,
Iowa
|
-$100M |
| 2 |
FEG
Financial Enhancement Group
Anderson,
Indiana
|
-$6.09M |
| 3 |
Renaissance Technologies
New York
|
-$3.91M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$3.39M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$2.42M |
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.