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First Trust Short Duration Managed Municipal ETF
FSMB

38 hedge funds and large institutions have $33M invested in First Trust Short Duration Managed Municipal ETF in 2020 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 3

23% more funds holding

Funds holding: 31 → 38 (+7)

20% more capital invested

Capital invested by funds: $27.5M → $33M (+$5.48M)

9% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 11

4.68% less ownership

Funds ownership: 57.11% → 52.43% (-4.7%)

Holders
38
Holders Change
+7
Holders Change %
+22.58%
% of All Funds
0.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
10
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GSC
G&S Capital
Colorado
+$3.01M
2
Citadel Advisors
Citadel Advisors
Florida
+$1.46M
3
AI
Atria Investments
North Carolina
+$1.26M
4
PWP
Principle Wealth Partners
Connecticut
+$934K
5
CBFP
Cedar Brook Financial Partners
Ohio
+$842K

Top Sellers

1
Jane Street
Jane Street
New York
-$2.05M
2
LA
LexAurum Advisors
Kansas
-$1.02M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$599K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$380K
5
CS
Credit Suisse
Switzerland
-$281K
Name Holding Trade Value Shares
Change 		Change in
Stake
SCA
26
Snowden Capital Advisors
New York
$227K – – –
TCWM
27
Total Clarity Wealth Management
Illinois
$227K -$10.3K -500 -4%
JCM
28
Jacobi Capital Management
Pennsylvania
$205K +$888 +43 +0.4%
APA
29
American Portfolios Advisors
New York
$205K -$3.72K -180 -2%
FEG
30
Financial Enhancement Group
Indiana
$192K – – –
LFG
31
Larson Financial Group
Missouri
$70K -$272K -13,185 -80%
US Bancorp
32
US Bancorp
Minnesota
$50K – – –
CIAS
33
Capital Investment Advisory Services
North Carolina
$21K – – –
Carson Wealth (CWM LLC)
34
Carson Wealth (CWM LLC)
Nebraska
$20K – – –
ASN
35
Advisory Services Network
Georgia
$17K +$16.9K +819 New
UBS Group
36
UBS Group
Switzerland
$16K +$16K +777 New
CFGS
37
Concourse Financial Group Securities
Alabama
$4K – – –
Jane Street
38
Jane Street
New York
– -$2.05M -99,913 Closed
CS
39
Credit Suisse
Switzerland
– -$281K -13,700 Closed
PAG
40
Private Advisor Group
New Jersey
– -$93K -4,529 Closed
Wells Fargo
41
Wells Fargo
California
– +$41 +2 New
1
2

FSMB Hedge Fund Activity: Q3 2020 in Review

38 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q3 2020, worth a combined $33M — up 20% from $27.5M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FSMB positions and 3 closed out — a net gain of 7 holders — while 10 added to existing stakes and 11 trimmed.

The largest buyer was G&S Capital, opening a new position worth an estimated $3.01M. The largest seller was Jane Street, exiting entirely with an estimated $2.05M sold.

  • 38 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q3 2020, up from 31 in Q2 2020.
  • Funds reported $33M of First Trust Short Duration Managed Municipal ETF stock for Q3 2020, up 20% quarter-over-quarter.
  • 10 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q3 2020 and 3 closed out, a net change of +7 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q3 2020 was G&S Capital, an estimated $3.01M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q3 2020 was Jane Street, an estimated $2.05M sold.

Based on aggregated 13F filings for Q3 2020.