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First Trust Managed Municipal ETF
FMB

202 hedge funds and large institutions have $1.08B invested in First Trust Managed Municipal ETF in 2020 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 112 increasing their positions, 42 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more repeat investments, than reductions

Existing positions increased: 112 | Existing positions reduced: 42

31% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 16

10% more capital invested

Capital invested by funds: $984M → $1.08B (+$96.7M)

9% more funds holding in top 10

Funds holding in top 10: 11 → 12 (+1)

3% more funds holding

Funds holding: 197 → 202 (+5)

0.12% less ownership

Funds ownership: 64.45% → 64.33% (-0.12%)

Holders
202
Holders Change
+5
Holders Change %
+2.54%
% of All Funds
4.08%
Holding in Top 10
12
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+9.09%
% of All Funds
0.24%
New
21
Increased
112
Reduced
42
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$10.6M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$9.38M
3
Citadel Advisors
Citadel Advisors
Florida
+$8.38M
4
Wells Fargo
Wells Fargo
California
+$8.11M
5
PWMG
Prestige Wealth Management Group
New Jersey
+$6M

Top Sellers

Rank Fund Capital Flow
1
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$15.5M
2
OAM
Oppenheimer Asset Management
New York
-$5.85M
3
Jane Street
Jane Street
New York
-$4.92M
4
GIA
Gladstone Institutional Advisory
Florida
-$2.06M
5
UBS Group
UBS Group
Switzerland
-$1.82M
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
176
PNC Financial Services Group
Pennsylvania
$253K -$38.5K -691 -13%
WAP
177
Wealthcare Advisory Partners
Pennsylvania
$251K +$28.8K +517 +13%
VFA
178
Valeo Financial Advisors
Indiana
$250K – – –
WIA
179
World Investment Advisors
California
$246K – – –
PMFA
180
Plante Moran Financial Advisors
Michigan
$244K – – –
PWP
181
Principle Wealth Partners
Connecticut
$239K – – –
SAM
182
SignalPoint Asset Management
Missouri
$234K – – –
BPA
183
Beacon Pointe Advisors
California
$225K +$1.23K +22 +0.5%
BWM
184
BT Wealth Management
Georgia
$225K +$9.03K +162 +4%
NFG
185
Nations Financial Group
Iowa
$219K +$219K +3,930 New
SWMG
186
Signature Wealth Management Group
Georgia
$219K +$220K +3,947 New
DAS
187
Dynamic Advisor Solutions
Arizona
$216K +$8.64K +155 +4%
Rockefeller Capital Management
188
Rockefeller Capital Management
New York
$206K +$151K +2,702 +268%
BEI
189
Benjamin Edwards Inc
Missouri
$182K -$558 -10 -0.3%
EP
190
Eudaimonia Partners
Tennessee
$138K +$8.98K +161 +7%
RG
191
Retirement Group
California
$107K +$558 +10 +0.5%
WT
192
Washington Trust
Rhode Island
$93K – – –
AA
193
AlphaMark Advisors
Kentucky
$78K – – –
EIP
194
Ellis Investment Partners
Pennsylvania
$64K +$335 +6 +0.5%
AIP
195
Ameritas Investment Partners
Nebraska
$30K – – –
AAP
196
Arax Advisory Partners
Colorado
$30K – – –
BWA
197
Burt Wealth Advisors
Maryland
$28K +$27.9K +500 New
Northwestern Mutual Wealth Management
198
Northwestern Mutual Wealth Management
Wisconsin
$17K – – –
LFG
199
LifePlan Financial Group
Ohio
$15K – – –
NFSG
200
Newbridge Financial Services Group
Florida
$13K +$12.5K +225 New
5 6 7
8
9

FMB Hedge Fund Activity: Q3 2020 in Review

202 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2020, worth a combined $1.08B — up 9.8% from $984M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new FMB positions and 16 closed out — a net gain of 5 holders — while 112 added to existing stakes and 42 trimmed.

The largest buyer was LPL Financial, adding an estimated $10.6M. The largest seller was Qube Research & Technologies (QRT), cutting an estimated $15.5M.

  • 202 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2020, up from 197 in Q2 2020.
  • Funds reported $1.08B of First Trust Managed Municipal ETF stock for Q3 2020, up 9.8% quarter-over-quarter.
  • 21 funds opened new First Trust Managed Municipal ETF positions in Q3 2020 and 16 closed out, a net change of +5 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q3 2020 was LPL Financial, an estimated $10.6M added.
  • The largest First Trust Managed Municipal ETF seller in Q3 2020 was Qube Research & Technologies (QRT), an estimated $15.5M sold.

Based on aggregated 13F filings for Q3 2020.