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First Trust Managed Municipal ETF
FMB

296 hedge funds and large institutions have $1.68B invested in First Trust Managed Municipal ETF in 2021 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 128 increasing their positions, 68 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

482% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 11

88% more repeat investments, than reductions

Existing positions increased: 128 | Existing positions reduced: 68

19% more funds holding

Funds holding: 249 → 296 (+47)

12% more funds holding in top 10

Funds holding in top 10: 17 → 19 (+2)

12% more capital invested

Capital invested by funds: $1.51B → $1.68B (+$174M)

3.91% more ownership

Funds ownership: 63.78% → 67.69% (+3.9%)

Holders
296
Holders Change
+47
Holders Change %
+18.88%
% of All Funds
4.56%
Holding in Top 10
19
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+11.76%
% of All Funds
0.29%
New
64
Increased
128
Reduced
68
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HighTower Advisors
HighTower Advisors
Illinois
+$18.6M
2
MMA
Miracle Mile Advisors
California
+$17M
3
Wells Fargo
Wells Fargo
California
+$12.7M
4
LPL Financial
LPL Financial
California
+$8.99M
5
Osaic Holdings
Osaic Holdings
Arizona
+$6.31M

Top Sellers

Rank Fund Capital Flow
1
AWA
ARQ Wealth Advisors
Arizona
-$8.37M
2
Jane Street
Jane Street
New York
-$6.99M
3
HW
Hedeker Wealth
Illinois
-$5.86M
4
HI
Harbour Investments
Wisconsin
-$4.11M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$4.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
KWM
201
Kingsview Wealth Management
Oregon
$520K +$90.9K +1,600 +21%
KPWS
202
Kestra Private Wealth Services
Texas
$500K +$499K +8,776 New
ARG
203
Advisory Resource Group
Oklahoma
$494K -$4.77K -84 -0.9%
AWM
204
Accel Wealth Management
Iowa
$493K +$229K +4,029 +87%
BRWM
205
B. Riley Wealth Management
Tennessee
$483K +$1.14K +20 +0.2%
CAL
206
Capital Analysts LLC
Pennsylvania
$483K +$41.4K +729 +9%
CAM
207
Cozad Asset Management
Illinois
$447K +$74.7K +1,315 +20%
BIM
208
Bullseye Investment Management
Ohio
$439K +$437K +7,700 New
CAM
209
Cresset Asset Management
Illinois
$434K +$2.04K +36 +0.5%
HAS
210
HBW Advisory Services
California
$425K -$26.5K -466 -6%
CWM
211
Collaborative Wealth Management
Florida
$420K +$419K +7,374 New
QPW
212
Quantum Private Wealth
Florida
$410K +$409K +7,200 New
CMS
213
Capital Market Strategies
Florida
$406K +$405K +7,133 New
ERWM
214
Elk River Wealth Management
Colorado
$386K – – –
Renaissance Technologies
215
Renaissance Technologies
New York
$384K +$383K +6,735 New
SWMG
216
Signature Wealth Management Group
Georgia
$374K +$8.97K +158 +2%
TA
217
TrueWealth Advisors
Alabama
$368K +$52.2K +919 +17%
VFA
218
Valeo Financial Advisors
Indiana
$354K – – –
IWP
219
Icon Wealth Partners
Texas
$350K – – –
KCA
220
Karn Couzens & Associates
Connecticut
$345K +$344K +6,059 New
ATPW
221
Ashton Thomas Private Wealth
Arizona
$342K +$341K +6,000 New
HNWAG
222
High Net Worth Advisory Group
Florida
$341K +$340K +5,990 New
SMF
223
Sterling Manor Financial
New York
$321K -$9.83K -173 -3%
SBWIC
224
Schaper Benz & Wise Investment Counsel
Wisconsin
$319K +$318K +5,601 New
HIM
225
Hanlon Investment Management
New Jersey
$307K – – –
7 8
9
10 11

FMB Hedge Fund Activity: Q4 2021 in Review

296 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2021, worth a combined $1.68B — up 12% from $1.51B a quarter earlier.

Buyers outnumbered sellers: 64 funds opened new FMB positions and 11 closed out — a net gain of 53 holders — while 128 added to existing stakes and 68 trimmed.

The largest buyer was HighTower Advisors, adding an estimated $18.6M. The largest seller was ARQ Wealth Advisors, exiting entirely with an estimated $8.37M sold.

  • 296 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2021, up from 249 in Q3 2021.
  • Funds reported $1.68B of First Trust Managed Municipal ETF stock for Q4 2021, up 12% quarter-over-quarter.
  • 64 funds opened new First Trust Managed Municipal ETF positions in Q4 2021 and 11 closed out, a net change of +53 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q4 2021 was HighTower Advisors, an estimated $18.6M added.
  • The largest First Trust Managed Municipal ETF seller in Q4 2021 was ARQ Wealth Advisors, an estimated $8.37M sold.

Based on aggregated 13F filings for Q4 2021.