First Trust Managed Municipal ETF
72 hedge funds and large institutions have $189M invested in First Trust Managed Municipal ETF in 2018 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 41 increasing their positions, 11 reducing their positions, and 5 closing their positions.
273% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 11
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
26% more capital invested
Capital invested by funds: $150M → $189M (+$39.4M)
13% more funds holding
Funds holding: 64 → 72 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
13.62% less ownership
Funds ownership: 68.91% → 55.29% (-14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPT
Legacy Private Trust
Neenah,
Wisconsin
|
+$12.4M |
| 2 |
Morgan Stanley
New York
|
+$10.9M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$8.34M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$3.1M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$5.26M |
| 2 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$737K |
| 3 |
PCM
Prelude Capital Management
New York
|
-$680K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$677K |
| 5 |
Goldman Sachs
New York
|
-$606K |
FMB Hedge Fund Activity: Q1 2018 in Review
72 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2018, worth a combined $189M — up 26% from $150M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FMB positions and 5 closed out — a net gain of 8 holders — while 41 added to existing stakes and 11 trimmed.
The largest buyer was Legacy Private Trust, adding an estimated $12.4M. The largest seller was Aviance Capital Management, cutting an estimated $5.26M.
- 72 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2018, up from 64 in Q4 2017.
- Funds reported $189M of First Trust Managed Municipal ETF stock for Q1 2018, up 26% quarter-over-quarter.
- 13 funds opened new First Trust Managed Municipal ETF positions in Q1 2018 and 5 closed out, a net change of +8 holders.
- The largest First Trust Managed Municipal ETF buyer in Q1 2018 was Legacy Private Trust, an estimated $12.4M added.
- The largest First Trust Managed Municipal ETF seller in Q1 2018 was Aviance Capital Management, an estimated $5.26M sold.
Based on aggregated 13F filings for Q1 2018.