First Trust Managed Municipal ETF
302 hedge funds and large institutions have $1.54B 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, 113 reducing their positions, and 21 closing their positions.
43% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 21
11% more repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 113
1% more funds holding
Funds holding: 298 → 302 (+4)
3% more capital invested
Capital invested by funds: $1.5B → $1.54B (+$42M)
0.1% less ownership
Funds ownership: 75.93% → 75.83% (-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 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$5.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
-$34.6M |
| 2 |
CWM
Congress Wealth Management
Boston,
Massachusetts
|
-$10.9M |
| 3 |
APP
Avantax Planning Partners
Dubuque,
Iowa
|
-$9.92M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$2.73M |
| 5 |
DC
DeDora Capital
Napa,
California
|
-$2.59M |
FMB Hedge Fund Activity: Q3 2024 in Review
302 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in First Trust Managed Municipal ETF (FMB) for Q3 2024, worth a combined $1.54B — 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 113 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $14M. The largest seller was Sequoia Financial Advisors, cutting an estimated $34.6M.
- 302 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q3 2024, up from 298 in Q2 2024.
- Funds reported $1.54B 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.