First Trust Managed Municipal ETF
192 hedge funds and large institutions have $866M invested in First Trust Managed Municipal ETF in 2020 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 97 increasing their positions, 44 reducing their positions, and 14 closing their positions.
120% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 44
114% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 14
25% more funds holding in top 10
Funds holding in top 10: 8 → 10 (+2)
15% more capital invested
Capital invested by funds: $756M → $866M (+$110M)
6% more funds holding
Funds holding: 181 → 192 (+11)
1.79% more ownership
Funds ownership: 61.15% → 62.94% (+1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Pinnacle Advisory Group
Columbia,
Maryland
|
+$23.3M |
| 2 |
Jane Street
New York
|
+$21.2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$15.1M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$7.47M |
| 5 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
+$6.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$6.39M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.9M |
| 3 |
LA
LexAurum Advisors
Overland Park,
Kansas
|
-$2.17M |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
-$1.53M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCI
201
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | -$54K | -976 | Closed |
|
|
IWP
202
IAG Wealth Partners
Waukesha,
Wisconsin
| – | -$44K | -777 | Closed |
|
|
ACM
203
Anfield Capital Management
Irvine,
California
| – | -$34K | -608 | Closed |
|
|
MWP
204
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| – | -$21K | -372 | Closed |
|
|
RIA
205
Realta Investment Advisors
Wilmington,
Delaware
| – | -$15K | -275 | Closed |
|
206
Fidelity Investments
Boston,
Massachusetts
| – | +$56 | +1 | New |
|
FMB Hedge Fund Activity: Q1 2020 in Review
192 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2020, worth a combined $866M — up 15% from $756M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new FMB positions and 14 closed out — a net gain of 16 holders — while 97 added to existing stakes and 44 trimmed.
The largest buyer was Pinnacle Advisory Group, opening a new position worth an estimated $23.3M. The largest seller was Independent Advisor Alliance, exiting entirely with an estimated $6.39M sold.
- 192 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2020, up from 181 in Q4 2019.
- Funds reported $866M of First Trust Managed Municipal ETF stock for Q1 2020, up 15% quarter-over-quarter.
- 30 funds opened new First Trust Managed Municipal ETF positions in Q1 2020 and 14 closed out, a net change of +16 holders.
- The largest First Trust Managed Municipal ETF buyer in Q1 2020 was Pinnacle Advisory Group, an estimated $23.3M added.
- The largest First Trust Managed Municipal ETF seller in Q1 2020 was Independent Advisor Alliance, an estimated $6.39M sold.
Based on aggregated 13F filings for Q1 2020.