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First Trust Managed Municipal ETF
FMB

249 hedge funds and large institutions have $1.51B invested in First Trust Managed Municipal ETF in 2021 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 145 increasing their positions, 56 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

159% more repeat investments, than reductions

Existing positions increased: 145 | Existing positions reduced: 56

13% more funds holding in top 10

Funds holding in top 10: 15 → 17 (+2)

3% more capital invested

Capital invested by funds: $1.47B → $1.51B (+$41.5M)

0% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 20

2% less funds holding

Funds holding: 255 → 249 (-6)

4.81% less ownership

Funds ownership: 68.59% → 63.78% (-4.8%)

Holders
249
Holders Change
-6
Holders Change %
-2.35%
% of All Funds
4.36%
Holding in Top 10
17
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+13.33%
% of All Funds
0.3%
New
20
Increased
145
Reduced
56
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$15M
2
AWA
ARQ Wealth Advisors
Arizona
+$8.46M
3
Wells Fargo
Wells Fargo
California
+$7.99M
4
HW
Hedeker Wealth
Illinois
+$6.59M
5
Morgan Stanley
Morgan Stanley
New York
+$6.49M

Top Sellers

Rank Fund Capital Flow
1
WFS
Weitzel Financial Services
Iowa
-$100M
2
FEG
Financial Enhancement Group
Indiana
-$6.09M
3
Renaissance Technologies
Renaissance Technologies
New York
-$3.91M
4
Citadel Advisors
Citadel Advisors
Florida
-$3.39M
5
FTUS
Flow Traders U.S.
New York
-$2.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$155M +$6.49M +112,936 +4%
Bank of America
2
Bank of America
North Carolina
$151M +$3.05M +53,141 +2%
UBS Group
3
UBS Group
Switzerland
$107M -$705K -12,285 -0.6%
LPL Financial
4
LPL Financial
California
$102M +$15M +261,599 +17%
Wells Fargo
5
Wells Fargo
California
$92M +$7.99M +139,122 +9%
CAMG
6
CWA Asset Management Group
Florida
$71M +$120K +2,098 +0.2%
RJFSA
7
Raymond James Financial Services Advisors
Florida
$51M +$4.03M +70,211 +8%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$43M +$1.85M +32,285 +4%
Osaic Holdings
9
Osaic Holdings
Arizona
$41.9M +$4.71M +82,022 +12%
RJA
10
Raymond James & Associates
Florida
$28.4M +$2.22M +38,625 +8%
AAS
11
Avantax Advisory Services
Texas
$22.1M +$543K +9,452 +2%
LPT
12
Legacy Private Trust
Wisconsin
$19.2M +$1.93M +33,655 +11%
AWM
13
AE Wealth Management
Kansas
$18.1M +$1.35M +23,424 +8%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$17.7M -$110K -1,918 -0.6%
Citigroup
15
Citigroup
New York
$16.8M -$43.9K -764 -0.3%
LBD
16
Landsberg Bennett & Dubbaneh
Florida
$15.1M -$1.31M -22,812 -8%
KAS
17
Kestra Advisory Services
Texas
$14.5M +$3.81M +66,356 +35%
FFG
18
Frisch Financial Group
New York
$14.1M +$171K +2,981 +1%
GAG
19
GM Advisory Group
New York
$13.3M +$1.25M +21,790 +10%
EFL
20
ERn Financial LLC
Wisconsin
$13.1M -$9.47K -165 -0.1%
VBFG
21
Vishria Bird Financial Group
Tennessee
$12.8M +$318K +5,545 +3%
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$12.4M +$496K +8,643 +4%
PAG
23
Private Advisor Group
New Jersey
$11.7M +$2.61M +45,530 +28%
CCG
24
Cypress Capital Group
Florida
$11.5M +$511K +8,900 +5%
OAJ
25
Ogorek Anthony Joseph
New York
$11.1M +$204K +3,559 +2%
1
2 3 4 5

FMB Hedge Fund Activity: Q3 2021 in Review

249 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2021, worth a combined $1.51B — up 2.8% from $1.47B a quarter earlier.

Fund positioning in FMB was balanced in Q3 2021: 20 funds opened new positions, 20 closed out, 145 added to existing stakes and 56 trimmed.

The largest buyer was LPL Financial, adding an estimated $15M. The largest seller was Weitzel Financial Services, cutting an estimated $100M.

  • 249 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2021, down from 255 in Q2 2021.
  • Funds reported $1.51B of First Trust Managed Municipal ETF stock for Q3 2021, up 2.8% quarter-over-quarter.
  • 20 funds opened new First Trust Managed Municipal ETF positions in Q3 2021 and 20 closed out, a net change of 0 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q3 2021 was LPL Financial, an estimated $15M added.
  • The largest First Trust Managed Municipal ETF seller in Q3 2021 was Weitzel Financial Services, an estimated $100M sold.

Based on aggregated 13F filings for Q3 2021.