First Trust Managed Municipal ETF
27 hedge funds and large institutions have $43.9M invested in First Trust Managed Municipal ETF in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 2 closing their positions.
500% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 2
59% more funds holding
Funds holding: 17 → 27 (+10)
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
2% less capital invested
Capital invested by funds: $44.8M → $43.9M (-$953K)
Top Buyers
Top Sellers
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$4.19M |
| 2 |
LPL Financial
San Diego,
California
|
-$4.08M |
| 3 |
Jane Street
New York
|
-$985K |
| 4 |
NC
NewSquare Capital
Newtown Square,
Pennsylvania
|
-$255K |
| 5 |
Goldman Sachs
New York
|
-$48.1K |
FMB Hedge Fund Activity: Q2 2016 in Review
27 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2016, worth a combined $43.9M — down 2.1% from $44.8M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FMB positions and 2 closed out — a net gain of 10 holders — while 7 added to existing stakes and 5 trimmed.
The largest buyer was First Heartland Consultants, opening a new position worth an estimated $2.86M. The largest seller was Bank of America, cutting an estimated $4.19M.
- 27 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2016, up from 17 in Q1 2016.
- Funds reported $43.9M of First Trust Managed Municipal ETF stock for Q2 2016, down 2.1% quarter-over-quarter.
- 12 funds opened new First Trust Managed Municipal ETF positions in Q2 2016 and 2 closed out, a net change of +10 holders.
- The largest First Trust Managed Municipal ETF buyer in Q2 2016 was First Heartland Consultants, an estimated $2.86M added.
- The largest First Trust Managed Municipal ETF seller in Q2 2016 was Bank of America, an estimated $4.19M sold.
Based on aggregated 13F filings for Q2 2016.