First Trust Managed Municipal ETF
6 hedge funds and large institutions have $15.7M invested in First Trust Managed Municipal ETF in 2014 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 2 reducing their positions, and 3 closing their positions.
12% more capital invested
Capital invested by funds: $14M → $15.7M (+$1.67M)
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
25% less funds holding
Funds holding: 8 → 6 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$7.56M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$370K |
| 3 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$15.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$3.38M |
| 2 |
Jane Street
New York
|
-$1.61M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$913K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$555K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$4.61K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Bank of America
Charlotte,
North Carolina
| $7.58M | +$7.56M | +147,683 | New |
|
|
2
Citigroup
New York
| $4.94M | -$3.38M | -66,088 | -41% |
|
3
Goldman Sachs
New York
| $2.56M | – | – | – |
|
|
4
Royal Bank of Canada
Toronto,
Ontario, Canada
| $526K | +$370K | +7,231 | +241% |
|
|
MFS
5
MSI Financial Services
Springfield,
Massachusetts
| $56K | +$15.4K | +300 | +38% |
|
|
TRCT
6
Tower Research Capital (TRC)
New York
| $7K | -$4.61K | -90 | -41% |
|
|
7
Jane Street
New York
| – | -$1.61M | -31,794 | Closed |
|
|
8
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$913K | -18,059 | Closed |
|
|
9
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$555K | -11,000 | Closed |
|
FMB Hedge Fund Activity: Q4 2014 in Review
6 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2014, worth a combined $15.7M — up 12% from $14M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FMB and 1 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 2 added.
The largest buyer was Bank of America, opening a new position worth an estimated $7.56M. The largest seller was Citigroup, cutting an estimated $3.38M.
- 6 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2014, down from 8 in Q3 2014.
- Funds reported $15.7M of First Trust Managed Municipal ETF stock for Q4 2014, up 12% quarter-over-quarter.
- 1 fund opened new First Trust Managed Municipal ETF positions in Q4 2014 and 3 closed out, a net change of -2 holders.
- The largest First Trust Managed Municipal ETF buyer in Q4 2014 was Bank of America, an estimated $7.56M added.
- The largest First Trust Managed Municipal ETF seller in Q4 2014 was Citigroup, an estimated $3.38M sold.
Based on aggregated 13F filings for Q4 2014.