First Trust Managed Municipal ETF
303 hedge funds and large institutions have $1.55B invested in First Trust Managed Municipal ETF in 2024 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 125 increasing their positions, 114 reducing their positions, and 21 closing their positions.
43% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 21
34% more capital inflows, than outflows
Capital inflows: $121M | Capital outflows: $90.3M
1% more funds holding
Funds holding: 299 → 303 (+4)
10% more repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 114
0.1% less ownership
Funds ownership: 76.05% → 75.95% (-0.1%)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$14M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$10M |
| 3 |
LPL Financial
San Diego,
California
|
+$8.38M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$6.4M |
| 5 |
Miracle Mile Advisors
Los Angeles,
California
|
+$5.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sequoia Financial Advisors
Akron,
Ohio
|
-$34.6M |
| 2 |
Congress Wealth Management
Boston,
Massachusetts
|
-$10.9M |
| 3 |
Avantax Planning Partners
Dubuque,
Iowa
|
-$9.9M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$2.73M |
| 5 |
DeDora Capital
Napa,
California
|
-$2.59M |
FMB Hedge Fund Activity: Q3 2024 in Review
303 of the 6,985 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2024, worth a combined $1.55B — up 2.8% from $1.5B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new FMB positions and 21 closed out — a net gain of 9 holders — while 125 added to existing stakes and 114 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $14M. The largest seller was Sequoia Financial Advisors, cutting an estimated $34.6M.
- 303 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2024, up from 299 in Q2 2024.
- Funds reported $1.55B of First Trust Managed Municipal ETF stock for Q3 2024, up 2.8% quarter-over-quarter.
- 30 funds opened new First Trust Managed Municipal ETF positions in Q3 2024 and 21 closed out, a net change of +9 holders.
- The largest First Trust Managed Municipal ETF buyer in Q3 2024 was Morgan Stanley, an estimated $14M added.
- The largest First Trust Managed Municipal ETF seller in Q3 2024 was Sequoia Financial Advisors, an estimated $34.6M sold.
Based on aggregated 13F filings for Q3 2024.