First Trust Managed Municipal ETF
274 hedge funds and large institutions have $1.38B invested in First Trust Managed Municipal ETF in 2023 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 131 increasing their positions, 91 reducing their positions, and 24 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 91
4% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 24
1% more capital invested
Capital invested by funds: $1.37B → $1.38B (+$11.1M)
0.27% more ownership
Funds ownership: 72.24% → 72.51% (+0.27%)
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
1% less funds holding
Funds holding: 277 → 274 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFG
Frisch Financial Group
Melville,
New York
|
+$10.3M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$6.77M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$6.57M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$6.2M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$4.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$37.9M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$11.1M |
| 3 |
Rockefeller Capital Management
New York
|
-$5.41M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$4.95M |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$4.58M |
FMB Hedge Fund Activity: Q1 2023 in Review
274 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2023, worth a combined $1.38B — up 0.81% from $1.37B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new FMB positions and 24 closed out — a net gain of 1 holder — while 131 added to existing stakes and 91 trimmed.
The largest buyer was Frisch Financial Group, adding an estimated $10.3M. The largest seller was Jane Street, exiting entirely with an estimated $37.9M sold.
- 274 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2023, down from 277 in Q4 2022.
- Funds reported $1.38B of First Trust Managed Municipal ETF stock for Q1 2023, up 0.81% quarter-over-quarter.
- 25 funds opened new First Trust Managed Municipal ETF positions in Q1 2023 and 24 closed out, a net change of +1 holder.
- The largest First Trust Managed Municipal ETF buyer in Q1 2023 was Frisch Financial Group, an estimated $10.3M added.
- The largest First Trust Managed Municipal ETF seller in Q1 2023 was Jane Street, an estimated $37.9M sold.
Based on aggregated 13F filings for Q1 2023.