First Trust Managed Municipal ETF
8 hedge funds and large institutions have $14M invested in First Trust Managed Municipal ETF in 2014 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 1 closing their positions.
0% more funds holding
Funds holding: 8 → 8 (0)
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
2% less capital invested
Capital invested by funds: $14.2M → $14M (-$233K)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$815K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$151K |
| 3 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$33.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$986K |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$326K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$54.3K |
| 4 |
GSC
Ground Swell Capital
Folly Beach,
South Carolina
|
-$10K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$4.72K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Citigroup
New York
| $8.2M | -$986K | -19,653 | -11% |
|
2
Goldman Sachs
New York
| $2.53M | – | – | – |
|
|
3
Jane Street
New York
| $1.61M | +$815K | +16,239 | +104% |
|
|
4
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $913K | -$54.3K | -1,081 | -6% |
|
|
5
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $555K | -$326K | -6,500 | -37% |
|
|
6
Royal Bank of Canada
Toronto,
Ontario, Canada
| $152K | +$151K | +3,004 | New |
|
|
MFS
7
MSI Financial Services
Springfield,
Massachusetts
| $40K | +$33.9K | +675 | +563% |
|
|
TRCT
8
Tower Research Capital (TRC)
New York
| $11K | -$4.72K | -94 | -30% |
|
|
GSC
9
Ground Swell Capital
Folly Beach,
South Carolina
| – | -$10K | -200 | Closed |
|
FMB Hedge Fund Activity: Q3 2014 in Review
8 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2014, worth a combined $14M — down 1.6% from $14.2M a quarter earlier.
Fund positioning in FMB was balanced in Q3 2014: 1 fund opened new positions, 1 closed out, 2 added to existing stakes and 4 trimmed.
The largest buyer was Jane Street, adding an estimated $815K. The largest seller was Citigroup, cutting an estimated $986K.
- 8 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2014, unchanged from Q2 2014.
- Funds reported $14M of First Trust Managed Municipal ETF stock for Q3 2014, down 1.6% quarter-over-quarter.
- 1 fund opened new First Trust Managed Municipal ETF positions in Q3 2014 and 1 closed out, a net change of 0 holders.
- The largest First Trust Managed Municipal ETF buyer in Q3 2014 was Jane Street, an estimated $815K added.
- The largest First Trust Managed Municipal ETF seller in Q3 2014 was Citigroup, an estimated $986K sold.
Based on aggregated 13F filings for Q3 2014.