We are live on ! Find out more
FMB icon

First Trust Managed Municipal ETF

288 hedge funds and large institutions have $1.35B invested in First Trust Managed Municipal ETF in 2022 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 85 increasing their positions, 156 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% less funds holding

Funds holding: 294288 (-6)

2.68% less ownership

Funds ownership: 71.32%68.64% (-2.7%)

11% less funds holding in top 10

Funds holding in top 10: 1917 (-2)

16% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 32

21% less capital invested

Capital invested by funds: $1.7B → $1.35B (-$358M)

46% less repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 156

Holders
288
Holders Change
-6
Holders Change %
-2.04%
% of All Funds
4.85%
Holding in Top 10
17
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-10.53%
% of All Funds
0.29%
New
27
Increased
85
Reduced
156
Closed
32
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$129M -$9.81M -191,403 -7%
Morgan Stanley
2
Morgan Stanley
New York
$99M -$22M -428,572 -18%
LPL Financial
3
LPL Financial
California
$85.8M -$4.6M -89,727 -5%
Wells Fargo
4
Wells Fargo
California
$81.6M -$15.5M -301,732 -16%
UBS Group
5
UBS Group
Switzerland
$65.8M -$41.1M -801,187 -38%
CAMG
6
CWA Asset Management Group
Florida
$46.2M -$24.2M -471,425 -34%
RJFSA
7
Raymond James Financial Services Advisors
Florida
$40.6M -$1.7M -33,160 -4%
Osaic Holdings
8
Osaic Holdings
Arizona
$40.3M -$9.25M -180,595 -18%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$30.9M -$8.08M -157,678 -20%
SFA
10
Sequoia Financial Advisors
Ohio
$28.2M +$3.46M +67,513 +14%
CWM
11
Congress Wealth Management
Massachusetts
$25.3M -$26.2M -511,612 -51%
RJA
12
Raymond James & Associates
Florida
$25.1M -$7.39M -144,176 -23%
APP
13
Avantax Planning Partners
Iowa
$24.8M -$17.7M -344,776 -41%
AAS
14
Avantax Advisory Services
Texas
$20.1M -$1.16M -22,688 -5%
Jane Street
15
Jane Street
New York
$19M -$2.54M -49,599 -12%
FTUS
16
Flow Traders U.S.
New York
$16.3M +$6.8M +132,664 +70%
GAG
17
GM Advisory Group
New York
$16.1M -$924K -18,028 -5%
PI
18
PFS Investments
Georgia
$15.1M +$1.18M +22,932 +8%
Truist Financial
19
Truist Financial
North Carolina
$15M +$10.9M +213,627 +258%
Envestnet Asset Management
20
Envestnet Asset Management
Illinois
$14.5M -$2.35M -45,788 -14%
LPT
21
Legacy Private Trust
Wisconsin
$14.4M -$1.54M -30,110 -10%
PP
22
PFS Partners
New Jersey
$14.1M -$3.19M -62,192 -18%
Citigroup
23
Citigroup
New York
$13.4M +$1.41M +27,578 +12%
Cetera Investment Advisers
24
Cetera Investment Advisers
Illinois
$10.4M +$1.23M +24,069 +13%
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$10.2M -$332K -6,477 -3%

FMB Hedge Fund Activity: Q2 2022 in Review

288 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2022, worth a combined $1.35B — down 21% from $1.7B a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of FMB and 27 opened new positions — a net loss of 5 holders — while 156 trimmed existing stakes and 85 added.

The largest buyer was Truist Financial, adding an estimated $10.9M. The largest seller was UBS Group, cutting an estimated $41.1M.

  • 288 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2022, down from 294 in Q1 2022.
  • Funds reported $1.35B of First Trust Managed Municipal ETF stock for Q2 2022, down 21% quarter-over-quarter.
  • 27 funds opened new First Trust Managed Municipal ETF positions in Q2 2022 and 32 closed out, a net change of -5 holders.
  • The largest First Trust Managed Municipal ETF buyer in Q2 2022 was Truist Financial, an estimated $10.9M added.
  • The largest First Trust Managed Municipal ETF seller in Q2 2022 was UBS Group, an estimated $41.1M sold.

Based on aggregated 13F filings for Q2 2022.