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First Trust Managed Municipal ETF
FMB

14 hedge funds and large institutions have $22.1M invested in First Trust Managed Municipal ETF in 2015 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 4

37% more capital invested

Capital invested by funds: $16.2M → $22.1M (+$5.95M)

0% more funds holding

Funds holding: 14 → 14 (0)

0% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 2

Holders
14
Holders Change
–
Holders Change %
0%
% of All Funds
0.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
6
Reduced
4
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$9.4M
2
RJA
Raymond James & Associates
Florida
+$1.33M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$155K
4
Jane Street
Jane Street
New York
+$138K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
+$36.8K

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.02M
2
Citigroup
Citigroup
New York
-$877K
3
LI
LVZ Inc
Michigan
-$285K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$58.6K
5
LPL Financial
LPL Financial
California
-$2.81K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$15.4M +$9.4M +183,646 +159%
Goldman Sachs
2
Goldman Sachs
New York
$2.57M – – –
RJA
3
Raymond James & Associates
Florida
$2.5M +$1.33M +26,023 +115%
Jane Street
4
Jane Street
New York
$638K +$138K +2,700 +28%
LPL Financial
5
LPL Financial
California
$302K -$2.81K -55 -0.9%
Citigroup
6
Citigroup
New York
$217K -$877K -17,137 -80%
FAAS
7
First Allied Advisory Services
California
$209K – – –
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$156K +$155K +3,035 New
MFS
9
MSI Financial Services
Massachusetts
$82K +$30.8K +601 +60%
LTFS
10
Ladenburg Thalmann Financial Services
Florida
$47K +$36.8K +719 +360%
UBS Group
11
UBS Group
Switzerland
$20K +$19.9K +389 New
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$14K -$58.6K -1,145 -81%
AIG
13
American International Group
New York
$8K +$3.33K +65 +67%
TRCT
14
Tower Research Capital (TRC)
New York
$2K -$1.38K -27 -40%
Susquehanna International Group
15
Susquehanna International Group
Pennsylvania
– -$4.02M -78,542 Closed
LI
16
LVZ Inc
Michigan
– -$285K -5,576 Closed

FMB Hedge Fund Activity: Q3 2015 in Review

14 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2015, worth a combined $22.1M — up 37% from $16.2M a quarter earlier.

Fund positioning in FMB was balanced in Q3 2015: 2 funds opened new positions, 2 closed out, 6 added to existing stakes and 4 trimmed.

The largest buyer was Bank of America, adding an estimated $9.4M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $4.02M sold.

  • 14 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2015, unchanged from Q2 2015.
  • Funds reported $22.1M of First Trust Managed Municipal ETF stock for Q3 2015, up 37% quarter-over-quarter.
  • 2 funds opened new First Trust Managed Municipal ETF positions in Q3 2015 and 2 closed out, a net change of 0 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q3 2015 was Bank of America, an estimated $9.4M added.
  • The largest First Trust Managed Municipal ETF seller in Q3 2015 was Susquehanna International Group, an estimated $4.02M sold.

Based on aggregated 13F filings for Q3 2015.