First Trust Managed Municipal ETF
307 hedge funds and large institutions have $1.57B invested in First Trust Managed Municipal ETF in 2026 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 137 increasing their positions, 87 reducing their positions, and 15 closing their positions.
107% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 15
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
57% more repeat investments, than reductions
Existing positions increased: 137 | Existing positions reduced: 87
3% more funds holding
Funds holding: 297 → 307 (+10)
3% more capital invested
Capital invested by funds: $1.52B → $1.57B (+$48.6M)
0.69% less ownership
Funds ownership: 77.93% → 77.24% (-0.69%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WANY
Wealthspire Advisors (New York)
New York
|
+$12.5M |
| 2 |
VT
Vise Technologies
New York
|
+$8.69M |
| 3 |
Morgan Stanley
New York
|
+$7.97M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$6.44M |
| 5 |
LPL Financial
San Diego,
California
|
+$4.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$15.4M |
| 2 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$11.9M |
| 3 |
SF
Summit Financial
Parsippany,
New Jersey
|
-$4.4M |
| 4 |
Jane Street
New York
|
-$2.92M |
| 5 |
HWM
HFG Wealth Management
The Woodlands,
Texas
|
-$1.58M |
FMB Hedge Fund Activity: Q2 2026 in Review
307 institutional investors reported a position in First Trust Managed Municipal ETF (FMB) for Q2 2026, worth a combined $1.57B — up 3.2% from $1.52B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new FMB positions and 15 closed out — a net gain of 16 holders — while 137 added to existing stakes and 87 trimmed.
The largest buyer was Wealthspire Advisors (New York), opening a new position worth an estimated $12.5M. The largest seller was Wells Fargo, cutting an estimated $15.4M.
- 307 institutional investors held First Trust Managed Municipal ETF (FMB) as of Q2 2026, up from 297 in Q1 2026.
- Funds reported $1.57B of First Trust Managed Municipal ETF stock for Q2 2026, up 3.2% quarter-over-quarter.
- 31 funds opened new First Trust Managed Municipal ETF positions in Q2 2026 and 15 closed out, a net change of +16 holders.
- The largest First Trust Managed Municipal ETF buyer in Q2 2026 was Wealthspire Advisors (New York), an estimated $12.5M added.
- The largest First Trust Managed Municipal ETF seller in Q2 2026 was Wells Fargo, an estimated $15.4M sold.
Based on aggregated 13F filings for Q2 2026.