First Trust Managed Municipal ETF
17 hedge funds and large institutions have $44.8M invested in First Trust Managed Municipal ETF in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 2 reducing their positions, and 2 closing their positions.
350% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 2
57% more capital invested
Capital invested by funds: $28.5M → $44.8M (+$16.3M)
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
6% more funds holding
Funds holding: 16 → 17 (+1)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| 1 |
LPL Financial
San Diego,
California
|
+$6.34M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.56M |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$2.29M |
| 4 |
Morgan Stanley
New York
|
+$1.96M |
| 5 |
Jane Street
New York
|
+$1.96M |
Top Sellers
FMB Hedge Fund Activity: Q1 2016 in Review
17 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2016, worth a combined $44.8M — up 57% from $28.5M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FMB positions and 2 closed out — a net gain of 1 holder — while 9 added to existing stakes and 2 trimmed.
The largest buyer was LPL Financial, adding an estimated $6.34M. The largest seller was Cetera Investment Advisers, exiting entirely with an estimated $609K sold.
- 17 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2016, up from 16 in Q4 2015.
- Funds reported $44.8M of First Trust Managed Municipal ETF stock for Q1 2016, up 57% quarter-over-quarter.
- 3 funds opened new First Trust Managed Municipal ETF positions in Q1 2016 and 2 closed out, a net change of +1 holder.
- The largest First Trust Managed Municipal ETF buyer in Q1 2016 was LPL Financial, an estimated $6.34M added.
- The largest First Trust Managed Municipal ETF seller in Q1 2016 was Cetera Investment Advisers, an estimated $609K sold.
Based on aggregated 13F filings for Q1 2016.