First Trust Managed Municipal ETF
33 hedge funds and large institutions have $60.9M invested in First Trust Managed Municipal ETF in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 7 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
129% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 7
57% more capital invested
Capital invested by funds: $38.7M → $60.9M (+$22.1M)
26.17% more ownership
Funds ownership: 47.27% → 73.44% (+26%)
22% more funds holding
Funds holding: 27 → 33 (+6)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
Top Sellers
FMB Hedge Fund Activity: Q1 2017 in Review
33 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2017, worth a combined $60.9M — up 57% from $38.7M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FMB positions and 2 closed out — a net gain of 7 holders — while 16 added to existing stakes and 7 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $13.4M. The largest seller was LPL Financial, cutting an estimated $1.49M.
- 33 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2017, up from 27 in Q4 2016.
- Funds reported $60.9M of First Trust Managed Municipal ETF stock for Q1 2017, up 57% quarter-over-quarter.
- 9 funds opened new First Trust Managed Municipal ETF positions in Q1 2017 and 2 closed out, a net change of +7 holders.
- The largest First Trust Managed Municipal ETF buyer in Q1 2017 was Morgan Stanley, an estimated $13.4M added.
- The largest First Trust Managed Municipal ETF seller in Q1 2017 was LPL Financial, an estimated $1.49M sold.
Based on aggregated 13F filings for Q1 2017.