First Trust Managed Municipal ETF
274 hedge funds and large institutions have $1.36B invested in First Trust Managed Municipal ETF in 2023 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 98 increasing their positions, 121 reducing their positions, and 22 closing their positions.
91% more capital inflows, than outflows
Capital inflows: $113M | Capital outflows: $59.3M
14% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 22
0.71% more ownership
Funds ownership: 73.08% → 73.79% (+0.71%)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
1% less funds holding
Funds holding: 277 → 274 (-3)
19% less repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 121
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$13.9M |
| 2 |
JP Morgan Chase
New York
|
+$13.7M |
| 3 |
Bank of New York Mellon
New York
|
+$11.5M |
| 4 |
Jane Street
New York
|
+$6.67M |
| 5 |
Old Mission Capital
Chicago,
Illinois
|
+$4.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$5.68M |
| 2 |
RFG Advisory
Birmingham,
Alabama
|
-$5.54M |
| 3 |
EC
EdgeRock Capital
Denver,
Colorado
|
-$5.3M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$4.49M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$2.54M |
FMB Hedge Fund Activity: Q3 2023 in Review
274 of the 6,316 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2023, worth a combined $1.36B — down 0.89% from $1.37B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new FMB positions and 22 closed out — a net gain of 3 holders — while 98 added to existing stakes and 121 trimmed.
The largest buyer was LPL Financial, adding an estimated $13.9M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $5.68M sold.
- 274 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2023, down from 277 in Q2 2023.
- Funds reported $1.36B of First Trust Managed Municipal ETF stock for Q3 2023, down 0.89% quarter-over-quarter.
- 25 funds opened new First Trust Managed Municipal ETF positions in Q3 2023 and 22 closed out, a net change of +3 holders.
- The largest First Trust Managed Municipal ETF buyer in Q3 2023 was LPL Financial, an estimated $13.9M added.
- The largest First Trust Managed Municipal ETF seller in Q3 2023 was Renaissance Technologies, an estimated $5.68M sold.
Based on aggregated 13F filings for Q3 2023.