First Trust Managed Municipal ETF
9 hedge funds and large institutions have $15.6M invested in First Trust Managed Municipal ETF in 2015 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 0 closing their positions.
50% more funds holding
Funds holding: 6 → 9 (+3)
1% less capital invested
Capital invested by funds: $15.7M → $15.6M (-$120K)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.47M |
| 2 |
Jane Street
New York
|
+$1.14M |
| 3 |
LI
LVZ Inc
Holland,
Michigan
|
+$290K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$56K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.56K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$3.81M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$530K |
| 3 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$4.11K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Bank of America
Charlotte,
North Carolina
| $10.2M | +$2.47M | +47,472 | +32% |
|
2
Goldman Sachs
New York
| $2.61M | – | – | – |
|
|
3
Citigroup
New York
| $1.19M | -$3.81M | -73,361 | -76% |
|
|
4
Jane Street
New York
| $1.15M | +$1.14M | +21,975 | New |
|
|
LI
5
LVZ Inc
Holland,
Michigan
| $291K | +$290K | +5,576 | New |
|
|
6
UBS Group
Zurich,
Switzerland
| $56K | +$56K | +1,077 | New |
|
|
MFS
7
MSI Financial Services
Springfield,
Massachusetts
| $53K | -$4.11K | -79 | -7% |
|
|
TRCT
8
Tower Research Capital (TRC)
New York
| $8K | +$1.56K | +30 | +24% |
|
|
9
Royal Bank of Canada
Toronto,
Ontario, Canada
| $2K | -$530K | -10,190 | -100% |
|
FMB Hedge Fund Activity: Q1 2015 in Review
9 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2015, worth a combined $15.6M — down 0.77% from $15.7M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FMB positions and 0 closed out — a net gain of 3 holders — while 2 added to existing stakes and 3 trimmed.
The largest buyer was Bank of America, adding an estimated $2.47M. The largest seller was Citigroup, cutting an estimated $3.81M.
- 9 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2015, up from 6 in Q4 2014.
- Funds reported $15.6M of First Trust Managed Municipal ETF stock for Q1 2015, down 0.77% quarter-over-quarter.
- 3 funds opened new First Trust Managed Municipal ETF positions in Q1 2015 and 0 closed out, a net change of +3 holders.
- The largest First Trust Managed Municipal ETF buyer in Q1 2015 was Bank of America, an estimated $2.47M added.
- The largest First Trust Managed Municipal ETF seller in Q1 2015 was Citigroup, an estimated $3.81M sold.
Based on aggregated 13F filings for Q1 2015.