First Trust Managed Municipal ETF
299 hedge funds and large institutions have $1.53B invested in First Trust Managed Municipal ETF in 2024 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 127 increasing their positions, 111 reducing their positions, and 22 closing their positions.
90% more capital inflows, than outflows
Capital inflows: $143M | Capital outflows: $75.1M
14% more repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 111
1.64% more ownership
Funds ownership: 75.69% → 77.33% (+1.6%)
5% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 22
0% more funds holding
Funds holding: 299 → 299 (0)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$15.3M |
| 2 |
LPL Financial
San Diego,
California
|
+$13.7M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$9.8M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$9.25M |
| 5 |
Avantax Advisory Services
Dallas,
Texas
|
+$8.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$7.74M |
| 2 |
Syntegra Private Wealth Group
Chesterfield,
Missouri
|
-$7.29M |
| 3 |
Signature Estate & Investment Advisors
Los Angeles,
California
|
-$7.24M |
| 4 |
Renaissance Technologies
New York
|
-$5.69M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$4.96M |
FMB Hedge Fund Activity: Q1 2024 in Review
299 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q1 2024, worth a combined $1.53B — up 4.1% from $1.47B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FMB positions and 22 closed out — a net gain of 1 holder — while 127 added to existing stakes and 111 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $15.3M. The largest seller was UBS Group, cutting an estimated $7.74M.
- 299 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $1.53B of First Trust Managed Municipal ETF stock for Q1 2024, up 4.1% quarter-over-quarter.
- 23 funds opened new First Trust Managed Municipal ETF positions in Q1 2024 and 22 closed out, a net change of +1 holder.
- The largest First Trust Managed Municipal ETF buyer in Q1 2024 was Jane Street, an estimated $15.3M added.
- The largest First Trust Managed Municipal ETF seller in Q1 2024 was UBS Group, an estimated $7.74M sold.
Based on aggregated 13F filings for Q1 2024.