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First Trust Managed Municipal ETF
FMB

16 hedge funds and large institutions have $28.5M invested in First Trust Managed Municipal ETF in 2015 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 2 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 2

100% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 2

29% more capital invested

Capital invested by funds: $22.1M → $28.5M (+$6.33M)

14% more funds holding

Funds holding: 14 → 16 (+2)

Holders
16
Holders Change
+2
Holders Change %
+14.29%
% of All Funds
0.42%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
4
Increased
8
Reduced
2
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$2.15M
2
Jane Street
Jane Street
New York
+$963K
3
LPL Financial
LPL Financial
California
+$689K
4
WC
Whitnell & Co
Illinois
+$524K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$385K

Top Sellers

Rank Fund Capital Flow
1
Citigroup
Citigroup
New York
-$217K
2
MFS
MSI Financial Services
Massachusetts
-$23.7K
3
UBS Group
UBS Group
Switzerland
-$20K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$2.59K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$17.7M +$2.15M +41,462 +14%
RJA
2
Raymond James & Associates
Florida
$2.78M +$249K +4,793 +10%
Goldman Sachs
3
Goldman Sachs
New York
$2.6M – – –
Jane Street
4
Jane Street
New York
$1.61M +$963K +18,576 +150%
LPL Financial
5
LPL Financial
California
$999K +$689K +13,290 +227%
Cetera Investment Advisers
6
Cetera Investment Advisers
Illinois
$609K +$608K +11,717 New
WC
7
Whitnell & Co
Illinois
$525K +$524K +10,100 New
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$400K +$385K +7,427 +2,701%
LI
9
LVZ Inc
Michigan
$341K +$340K +6,552 New
FAAS
10
First Allied Advisory Services
California
$292K +$81.1K +1,564 +38%
CA
11
Cetera Advisors
Colorado
$221K +$220K +4,250 New
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$155K -$2.59K -50 -2%
LTFS
13
Ladenburg Thalmann Financial Services
Florida
$126K +$78.4K +1,511 +164%
MFS
14
MSI Financial Services
Massachusetts
$59K -$23.7K -457 -29%
TRCT
15
Tower Research Capital (TRC)
New York
$11K +$8.4K +162 +405%
AIG
16
American International Group
New York
$8K – – –
Citigroup
17
Citigroup
New York
– -$217K -4,221 Closed
UBS Group
18
UBS Group
Switzerland
– -$20K -389 Closed

FMB Hedge Fund Activity: Q4 2015 in Review

16 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2015, worth a combined $28.5M — up 29% from $22.1M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new FMB positions and 2 closed out — a net gain of 2 holders — while 8 added to existing stakes and 2 trimmed.

The largest buyer was Bank of America, adding an estimated $2.15M. The largest seller was Citigroup, exiting entirely with an estimated $217K sold.

  • 16 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2015, up from 14 in Q3 2015.
  • Funds reported $28.5M of First Trust Managed Municipal ETF stock for Q4 2015, up 29% quarter-over-quarter.
  • 4 funds opened new First Trust Managed Municipal ETF positions in Q4 2015 and 2 closed out, a net change of +2 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q4 2015 was Bank of America, an estimated $2.15M added.
  • The largest First Trust Managed Municipal ETF seller in Q4 2015 was Citigroup, an estimated $217K sold.

Based on aggregated 13F filings for Q4 2015.