First Trust Managed Municipal ETF
33 hedge funds and large institutions have $44.8M invested in First Trust Managed Municipal ETF in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
22% more funds holding
Funds holding: 27 → 33 (+6)
4% less capital invested
Capital invested by funds: $46.7M → $44.8M (-$1.94M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$2.38M |
| 2 |
Morgan Stanley
New York
|
+$1.28M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$473K |
| 4 |
BWM
BerganKDV Wealth Management
Bloomington,
Minnesota
|
+$444K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$403K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$4.58M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.97M |
| 3 |
Jane Street
New York
|
-$1.45M |
| 4 |
WC
Whitnell & Co
Oak Brook,
Illinois
|
-$545K |
| 5 |
LPL Financial
San Diego,
California
|
-$470K |
FMB Hedge Fund Activity: Q3 2016 in Review
33 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2016, worth a combined $44.8M — down 4.2% from $46.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FMB positions and 2 closed out — a net gain of 6 holders — while 15 added to existing stakes and 8 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $2.38M. The largest seller was Bank of America, cutting an estimated $4.58M.
- 33 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2016, up from 27 in Q2 2016.
- Funds reported $44.8M of First Trust Managed Municipal ETF stock for Q3 2016, down 4.2% quarter-over-quarter.
- 8 funds opened new First Trust Managed Municipal ETF positions in Q3 2016 and 2 closed out, a net change of +6 holders.
- The largest First Trust Managed Municipal ETF buyer in Q3 2016 was Citadel Advisors, an estimated $2.38M added.
- The largest First Trust Managed Municipal ETF seller in Q3 2016 was Bank of America, an estimated $4.58M sold.
Based on aggregated 13F filings for Q3 2016.