First Trust Managed Municipal ETF
256 hedge funds and large institutions have $1.44B invested in First Trust Managed Municipal ETF in 2021 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 137 increasing their positions, 53 reducing their positions, and 12 closing their positions.
470% more capital inflows, than outflows
Capital inflows: $197M | Capital outflows: $34.5M
208% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 12
158% more repeat investments, than reductions
Existing positions increased: 137 | Existing positions reduced: 53
10% more funds holding
Funds holding: 233 → 256 (+23)
0.98% less ownership
Funds ownership: 65.16% → 64.17% (-0.98%)
6% less funds holding in top 10
Funds holding in top 10: 16 → 15 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWA Asset Management Group
Naples,
Florida
|
+$37.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$24.2M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$7.45M |
| 4 |
Morgan Stanley
New York
|
+$6.4M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$6.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ARQ Wealth Advisors
Scottsdale,
Arizona
|
-$7.72M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$4.15M |
| 3 |
SWP
ShoreHaven Wealth Partners
Red Bank,
New Jersey
|
-$2.87M |
| 4 |
Focus Financial Network
Minneapolis,
Minnesota
|
-$2.2M |
| 5 |
FFG
Frisch Financial Group
Melville,
New York
|
-$1.71M |
FMB Hedge Fund Activity: Q2 2021 in Review
256 of the 5,769 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2021, worth a combined $1.44B — up 11% from $1.3B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new FMB positions and 12 closed out — a net gain of 25 holders — while 137 added to existing stakes and 53 trimmed.
The largest buyer was CWA Asset Management Group, adding an estimated $37.9M. The largest seller was ARQ Wealth Advisors, exiting entirely with an estimated $7.72M sold.
- 256 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2021, up from 233 in Q1 2021.
- Funds reported $1.44B of First Trust Managed Municipal ETF stock for Q2 2021, up 11% quarter-over-quarter.
- 37 funds opened new First Trust Managed Municipal ETF positions in Q2 2021 and 12 closed out, a net change of +25 holders.
- The largest First Trust Managed Municipal ETF buyer in Q2 2021 was CWA Asset Management Group, an estimated $37.9M added.
- The largest First Trust Managed Municipal ETF seller in Q2 2021 was ARQ Wealth Advisors, an estimated $7.72M sold.
Based on aggregated 13F filings for Q2 2021.