First Trust Managed Municipal ETF
197 hedge funds and large institutions have $984M invested in First Trust Managed Municipal ETF in 2020 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 103 increasing their positions, 47 reducing their positions, and 16 closing their positions.
119% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 47
38% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 16
14% more capital invested
Capital invested by funds: $866M → $984M (+$118M)
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
3% more funds holding
Funds holding: 192 → 197 (+5)
1.51% more ownership
Funds ownership: 62.94% → 64.45% (+1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$18.9M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$18.5M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$17.5M |
| 4 |
VBFG
Vishria Bird Financial Group
Memphis,
Tennessee
|
+$9.64M |
| 5 |
LPL Financial
San Diego,
California
|
+$4.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$20.7M |
| 2 |
AWA
ARQ Wealth Advisors
Scottsdale,
Arizona
|
-$3.71M |
| 3 |
TFS
Thoroughbred Financial Services
Brentwood,
Tennessee
|
-$2.03M |
| 4 |
BRC
BHF RG Capital
Scottsdale,
Arizona
|
-$1.18M |
| 5 |
MHR
Matthew Hamilton Rosenberg
|
-$1.07M |
FMB Hedge Fund Activity: Q2 2020 in Review
197 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2020, worth a combined $984M — up 14% from $866M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new FMB positions and 16 closed out — a net gain of 6 holders — while 103 added to existing stakes and 47 trimmed.
The largest buyer was Qube Research & Technologies (QRT), adding an estimated $18.9M. The largest seller was Jane Street, cutting an estimated $20.7M.
- 197 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2020, up from 192 in Q1 2020.
- Funds reported $984M of First Trust Managed Municipal ETF stock for Q2 2020, up 14% quarter-over-quarter.
- 22 funds opened new First Trust Managed Municipal ETF positions in Q2 2020 and 16 closed out, a net change of +6 holders.
- The largest First Trust Managed Municipal ETF buyer in Q2 2020 was Qube Research & Technologies (QRT), an estimated $18.9M added.
- The largest First Trust Managed Municipal ETF seller in Q2 2020 was Jane Street, an estimated $20.7M sold.
Based on aggregated 13F filings for Q2 2020.