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First Trust Managed Municipal ETF
FMB

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.

New
Increased
Maintained
Reduced
Closed

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%)

Holders
249
Holders Change
-6
Holders Change %
-2.35%
% of All Funds
4.36%
Holding in Top 10
17
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+13.33%
% of All Funds
0.3%
New
20
Increased
145
Reduced
56
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$15M
2
AWA
ARQ Wealth Advisors
Arizona
+$8.46M
3
Wells Fargo
Wells Fargo
California
+$7.99M
4
HW
Hedeker Wealth
Illinois
+$6.59M
5
Morgan Stanley
Morgan Stanley
New York
+$6.49M

Top Sellers

Rank Fund Capital Flow
1
WFS
Weitzel Financial Services
Iowa
-$100M
2
FEG
Financial Enhancement Group
Indiana
-$6.09M
3
Renaissance Technologies
Renaissance Technologies
New York
-$3.91M
4
Citadel Advisors
Citadel Advisors
Florida
-$3.39M
5
FTUS
Flow Traders U.S.
New York
-$2.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
PWP
201
Principle Wealth Partners
Connecticut
$294K – – –
IWA
202
Inspirion Wealth Advisors
Illinois
$292K – – –
PFGIA
203
Patriot Financial Group Insurance Agency
Massachusetts
$280K -$15K -262 -5%
SFG
204
Sovereign Financial Group
Connecticut
$277K +$281K +4,886 New
PA
205
PFG Advisors
Arizona
$266K +$1.26K +22 +0.5%
AWM
206
Accel Wealth Management
Iowa
$262K +$62.7K +1,091 +31%
BEI
207
Benjamin Edwards Inc
Missouri
$261K +$10.9K +190 +4%
HNW
208
High Note Wealth
Minnesota
$254K +$4.42K +77 +2%
WIA
209
World Investment Advisors
California
$251K – – –
VA
210
Valmark Advisers
Ohio
$250K – – –
PMFA
211
Plante Moran Financial Advisors
Michigan
$249K – – –
GSWM
212
Golden State Wealth Management
California
$246K +$36.4K +633 +17%
EWM
213
EPG Wealth Management
Georgia
$243K +$18.1K +316 +8%
MA
214
MBA Advisors
Pennsylvania
$240K +$243K +4,228 New
SAM
215
SignalPoint Asset Management
Missouri
$239K – – –
GWM
216
Gray Wealth Management
Maine
$239K +$241K +4,205 New
EFS
217
Essex Financial Services
Connecticut
$236K – – –
BPA
218
Beacon Pointe Advisors
California
$235K +$1.09K +19 +0.5%
CA
219
Calton & Associates
Florida
$233K +$236K +4,114 New
GCA
220
Genesee Capital Advisors
New York
$231K +$233K +4,061 New
IAN
221
Integrated Advisors Network
Texas
$224K -$134K -2,328 -37%
GWSG
222
GPS Wealth Strategies Group
Colorado
$221K +$40.2K +700 +22%
DAS
223
Dynamic Advisor Solutions
Arizona
$215K -$2.7K -47 -1%
FNWM
224
Financial Network Wealth Management
Utah
$212K – – –
RG
225
Retirement Group
California
$112K +$517 +9 +0.5%
7 8
9
10 11

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.