First Trust Managed Municipal ETF
299 hedge funds and large institutions have $1.47B invested in First Trust Managed Municipal ETF in 2023 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 91 increasing their positions, 135 reducing their positions, and 20 closing their positions.
135% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 20
25% more capital inflows, than outflows
Capital inflows: $174M | Capital outflows: $139M
9% more funds holding
Funds holding: 274 → 299 (+25)
1.9% more ownership
Funds ownership: 73.79% → 75.69% (+1.9%)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
33% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 135
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$20.7M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$12.5M |
| 3 |
Renaissance Technologies
New York
|
+$10.8M |
| 4 |
RFG Advisory
Birmingham,
Alabama
|
+$8.73M |
| 5 |
Miracle Mile Advisors
Los Angeles,
California
|
+$8.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$24M |
| 2 |
PFS Partners
Mine Hill,
New Jersey
|
-$11.1M |
| 3 |
Magnus Financial Group
New York
|
-$9.18M |
| 4 |
Jane Street
New York
|
-$8.38M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$8.26M |
FMB Hedge Fund Activity: Q4 2023 in Review
299 of the 6,876 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q4 2023, worth a combined $1.47B — up 8.3% from $1.36B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new FMB positions and 20 closed out — a net gain of 27 holders — while 91 added to existing stakes and 135 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $20.7M. The largest seller was UBS Group, cutting an estimated $24M.
- 299 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q4 2023, up from 274 in Q3 2023.
- Funds reported $1.47B of First Trust Managed Municipal ETF stock for Q4 2023, up 8.3% quarter-over-quarter.
- 47 funds opened new First Trust Managed Municipal ETF positions in Q4 2023 and 20 closed out, a net change of +27 holders.
- The largest First Trust Managed Municipal ETF buyer in Q4 2023 was Morgan Stanley, an estimated $20.7M added.
- The largest First Trust Managed Municipal ETF seller in Q4 2023 was UBS Group, an estimated $24M sold.
Based on aggregated 13F filings for Q4 2023.