First Trust Managed Municipal ETF
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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$15.5M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$12M |
| 3 |
Morgan Stanley
New York
|
+$9.36M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$9.23M |
| 5 |
LPL Financial
San Diego,
California
|
+$8.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
-$2.41M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$2.17M |
| 3 |
NFG
Next Financial Group
Houston,
Texas
|
-$1.29M |
| 4 |
PCM
Prelude Capital Management
New York
|
-$473K |
| 5 |
NWM
Northwest Wealth Management
Spencer,
Iowa
|
-$453K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LFG
176
LifePlan Financial Group
Dayton,
Ohio
| $15K | – | – | – |
|
|
RIA
177
Realta Investment Advisors
Wilmington,
Delaware
| $15K | – | – | – |
|
|
FHA
178
Flagship Harbor Advisors
Boston,
Massachusetts
| $11K | +$11.1K | +200 | New |
|
|
CFD
179
Creative Financial Designs
Kokomo,
Indiana
| $9K | +$4.16K | +75 | +86% |
|
|
WQ
180
Wealth Quarterback
Toms River,
New Jersey
| $7K | +$6.99K | +126 | New |
|
|
LS
181
Leelyn Smith
Geneva,
Illinois
| $343 | +$342K | +6,168 | New |
|
|
182
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$2.17M | -39,080 | Closed |
|
|
PCM
183
Prelude Capital Management
New York
| – | -$473K | -8,518 | Closed |
|
|
CP
184
Camelot Portfolios
Maumee,
Ohio
| – | -$247K | -4,454 | Closed |
|
|
GSWM
185
Golden State Wealth Management
Santa Ana,
California
| – | -$246K | -4,436 | Closed |
|
|
CF
186
Centaurus Financial
Anaheim,
California
| – | -$237K | -4,259 | Closed |
|
|
GFPC
187
Global Financial Private Capital
Sarasota,
Florida
| – | -$2K | -34 | Closed |
|
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.