First Trust Managed Municipal ETF
202 hedge funds and large institutions have $1.08B invested in First Trust Managed Municipal ETF in 2020 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 112 increasing their positions, 42 reducing their positions, and 16 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 42
31% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 16
10% more capital invested
Capital invested by funds: $985M → $1.08B (+$96.9M)
9% more funds holding in top 10
Funds holding in top 10: 11 → 12 (+1)
3% more funds holding
Funds holding: 197 → 202 (+5)
0.12% less ownership
Funds ownership: 64.45% → 64.33% (-0.12%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$10.6M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$9.38M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$8.38M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$8.11M |
| 5 |
PWMG
Prestige Wealth Management Group
Flemington,
New Jersey
|
+$6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$15.5M |
| 2 |
OAM
Oppenheimer Asset Management
New York
|
-$5.85M |
| 3 |
Jane Street
New York
|
-$4.92M |
| 4 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
-$2.06M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.82M |
FMB Hedge Fund Activity: Q3 2020 in Review
202 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2020, worth a combined $1.08B — up 9.8% from $985M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FMB positions and 16 closed out — a net gain of 5 holders — while 112 added to existing stakes and 42 trimmed.
The largest buyer was LPL Financial, adding an estimated $10.6M. The largest seller was Qube Research & Technologies (QRT), cutting an estimated $15.5M.
- 202 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2020, up from 197 in Q2 2020.
- Funds reported $1.08B of First Trust Managed Municipal ETF stock for Q3 2020, up 9.8% quarter-over-quarter.
- 21 funds opened new First Trust Managed Municipal ETF positions in Q3 2020 and 16 closed out, a net change of +5 holders.
- The largest First Trust Managed Municipal ETF buyer in Q3 2020 was LPL Financial, an estimated $10.6M added.
- The largest First Trust Managed Municipal ETF seller in Q3 2020 was Qube Research & Technologies (QRT), an estimated $15.5M sold.
Based on aggregated 13F filings for Q3 2020.