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First Trust Managed Municipal ETF

273 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, 120 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 22

0.71% more ownership

Funds ownership: 72.95%73.66% (+0.71%)

0% more funds holding in top 10

Funds holding in top 10: 99 (0)

1% less capital invested

Capital invested by funds: $1.37B → $1.36B (-$12.1M)

1% less funds holding

Funds holding: 276273 (-3)

18% less repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 120

Holders
273
Holders Change
-3
Holders Change %
-1.09%
% of All Funds
4.33%
Holding in Top 10
9
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.14%
New
25
Increased
98
Reduced
120
Closed
22
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LPL Financial
1
LPL Financial
California
$113M +$13.9M +277,430 +14%
UBS Group
2
UBS Group
Switzerland
$110M +$4.03M +80,201 +4%
Morgan Stanley
3
Morgan Stanley
New York
$103M +$2.85M +56,674 +3%
Wells Fargo
4
Wells Fargo
California
$87.6M -$469K -9,350 -0.5%
Bank of America
5
Bank of America
North Carolina
$86.7M +$1.71M +33,996 +2%
APP
6
Avantax Planning Partners
Iowa
$44.4M -$1.22M -24,371 -3%
SFA
7
Sequoia Financial Advisors
Ohio
$36.5M +$136K +2,699 +0.4%
Osaic Holdings
8
Osaic Holdings
Arizona
$34.2M +$2.83M +56,424 +9%
RJFSA
9
Raymond James Financial Services Advisors
Florida
$33.9M +$2.15M +42,887 +7%
CWM
10
Congress Wealth Management
Massachusetts
$33.4M -$254K -5,051 -0.7%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$27.5M -$1.28M -25,473 -4%
RJA
12
Raymond James & Associates
Florida
$20.4M -$1.01M -20,131 -5%
AAS
13
Avantax Advisory Services
Texas
$19M -$168K -3,347 -0.9%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$15M +$215K +4,284 +1%
MFG
15
Magnus Financial Group
New York
$14.5M +$96.8K +1,927 +0.7%
FPIS
16
Financial Planning & Information Services
Wisconsin
$13.9M -$200K -3,981 -1%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$13.5M -$2.54M -50,542 -15%
CAMG
18
CWA Asset Management Group
Florida
$13.3M -$2.39M -47,531 -15%
MMA
19
Miracle Mile Advisors
California
$13.3M -$1.77M -35,346 -11%
JP Morgan Chase
20
JP Morgan Chase
New York
$13.3M +$13.7M +272,014 +1,700,088%
KAS
21
Kestra Advisory Services
Texas
$13.1M +$695K +13,840 +5%
Truist Financial
22
Truist Financial
North Carolina
$13M +$782K +15,573 +6%
OIA
23
OneDigital Investment Advisors
Kansas
$12.7M -$92.6K -1,845 -0.7%
EFL
24
ERn Financial LLC
Wisconsin
$12.2M +$1.21M +24,083 +11%
FFG
25
Frisch Financial Group
New York
$12M +$284K +5,650 +2%

FMB Hedge Fund Activity: Q3 2023 in Review

273 of the 6,301 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 0.88% 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 120 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.

  • 273 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2023, down from 276 in Q2 2023.
  • Funds reported $1.36B of First Trust Managed Municipal ETF stock for Q3 2023, down 0.88% 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.