We are live on ! Find out more
FMB icon

First Trust Managed Municipal ETF

306 hedge funds and large institutions have $1.5B invested in First Trust Managed Municipal ETF in 2025 Q4 according to their latest regulatory filings, with 46 funds opening new positions, 107 increasing their positions, 117 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 13 (+2)

142% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 19

9% more funds holding

Funds holding: 281306 (+25)

2.15% more ownership

Funds ownership: 75.34%77.49% (+2.2%)

5% more capital invested

Capital invested by funds: $1.43B → $1.5B (+$69.4M)

9% less repeat investments, than reductions

Existing positions increased: 107 | Existing positions reduced: 117

Holders
306
Holders Change
+25
Holders Change %
+8.9%
% of All Funds
3.72%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.04%
New
46
Increased
107
Reduced
117
Closed
19
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$151M -$1.03M -20,235 -0.7%
Wells Fargo
2
Wells Fargo
California
$123M -$5.93M -116,075 -5%
LPL Financial
3
LPL Financial
California
$118M +$9.28M +181,458 +9%
UBS Group
4
UBS Group
Switzerland
$93.9M +$1.97M +38,553 +2%
Bank of America
5
Bank of America
North Carolina
$93.3M +$4.22M +82,590 +5%
Raymond James Financial
6
Raymond James Financial
Florida
$60.9M +$2.22M +43,522 +4%
MMA
7
Miracle Mile Advisors
California
$59.5M +$4.75M +92,945 +9%
APP
8
Avantax Planning Partners
Iowa
$43.7M -$2.33M -45,562 -5%
Osaic Holdings
9
Osaic Holdings
Arizona
$40.8M -$2.96M -57,946 -7%
OIA
10
OneDigital Investment Advisors
Kansas
$29.6M +$1.03M +20,205 +4%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$23.6M -$5.03M -98,398 -18%
Janney Montgomery Scott
12
Janney Montgomery Scott
Pennsylvania
$21.5M +$2.4M +46,980 +13%
Truist Financial
13
Truist Financial
North Carolina
$21M -$416K -8,133 -2%
Cetera Investment Advisers
14
Cetera Investment Advisers
Illinois
$20.9M +$524K +10,248 +3%
NA
15
NewEdge Advisors
Louisiana
$20.8M +$3.59M +70,160 +21%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$17.9M -$1.54M -30,039 -8%
RWB
17
RMR Wealth Builders
New Jersey
$16.1M -$3.4M -66,572 -17%
Envestnet Asset Management
18
Envestnet Asset Management
Illinois
$15.3M -$661K -12,925 -4%
FFG
19
Frisch Financial Group
New York
$15.2M +$428K +8,374 +3%
Rockefeller Capital Management
20
Rockefeller Capital Management
New York
$15.1M +$2.11M +41,346 +16%
Stifel Financial
21
Stifel Financial
Missouri
$14.8M -$54K -1,056 -0.4%
TFP
22
TrueWealth Financial Partners
Washington
$12.7M +$12.7M +248,749 New
TBF
23
True Blue Financial
Michigan
$12.7M +$12.7M +247,969 New
GAG
24
GM Advisory Group
New York
$12.5M +$1.35M +26,407 +12%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$11.6M +$815K +15,935 +8%