First Trust Managed Municipal ETF
278 hedge funds and large institutions have $1.37B invested in First Trust Managed Municipal ETF in 2022 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 101 increasing their positions, 122 reducing their positions, and 35 closing their positions.
65% more capital inflows, than outflows
Capital inflows: $313M | Capital outflows: $189M
3.48% more ownership
Funds ownership: 68.88% → 72.36% (+3.5%)
9% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 35
3% less funds holding
Funds holding: 286 → 278 (-8)
17% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 122
33% less funds holding in top 10
Funds holding in top 10: 18 → 12 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$41M |
| 2 |
Jane Street
New York
|
+$37.2M |
| 3 |
Avantax Planning Partners
Dubuque,
Iowa
|
+$25.3M |
| 4 |
Congress Wealth Management
Boston,
Massachusetts
|
+$23.8M |
| 5 |
Miracle Mile Advisors
Los Angeles,
California
|
+$17.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$21M |
| 2 |
CWA Asset Management Group
Naples,
Florida
|
-$14.6M |
| 3 |
Frisch Financial Group
Melville,
New York
|
-$8.1M |
| 4 |
Wealth Enhancement & Preservation of GA
Alpharetta,
Georgia
|
-$7.59M |
| 5 |
Ogorek Anthony Joseph
Williamsville,
New York
|
-$7.37M |
FMB Hedge Fund Activity: Q4 2022 in Review
278 of the 6,242 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2022, worth a combined $1.37B — up 12% from $1.23B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of FMB and 32 opened new positions — a net loss of 3 holders — while 122 trimmed existing stakes and 101 added.
The largest buyer was UBS Group, adding an estimated $41M. The largest seller was Bank of America, cutting an estimated $21M.
- 278 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2022, down from 286 in Q3 2022.
- Funds reported $1.37B of First Trust Managed Municipal ETF stock for Q4 2022, up 12% quarter-over-quarter.
- 32 funds opened new First Trust Managed Municipal ETF positions in Q4 2022 and 35 closed out, a net change of -3 holders.
- The largest First Trust Managed Municipal ETF buyer in Q4 2022 was UBS Group, an estimated $41M added.
- The largest First Trust Managed Municipal ETF seller in Q4 2022 was Bank of America, an estimated $21M sold.
Based on aggregated 13F filings for Q4 2022.