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First Trust Short Duration Managed Municipal ETF
FSMB

43 hedge funds and large institutions have $37.3M invested in First Trust Short Duration Managed Municipal ETF in 2020 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

13% more funds holding

Funds holding: 38 → 43 (+5)

13% more capital invested

Capital invested by funds: $33M → $37.3M (+$4.31M)

7% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 14

3.28% less ownership

Funds ownership: 52.43% → 49.15% (-3.3%)

Holders
43
Holders Change
+5
Holders Change %
+13.16%
% of All Funds
0.76%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
13
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NWM
Northwest Wealth Management
Iowa
+$1.88M
2
LPL Financial
LPL Financial
California
+$1.54M
3
PWP
Principle Wealth Partners
Connecticut
+$935K
4
MIAN
Mariner Independent Advisor Network
Kansas
+$765K
5
Jane Street
Jane Street
New York
+$649K

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$1.46M
2
KPWS
Kestra Private Wealth Services
Texas
-$627K
3
SWP
Stratos Wealth Partners
Ohio
-$621K
4
LA
LexAurum Advisors
Kansas
-$572K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$494K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPC
26
Sigma Planning Corp
Michigan
$356K +$354K +17,117 New
FTUS
27
Flow Traders U.S.
New York
$352K +$38.3K +1,849 +12%
AWA
28
Alta Wealth Advisors
Massachusetts
$319K +$317K +15,324 New
FAIM
29
Financial Advocates Investment Management
Washington
$317K +$315K +15,231 New
TCWM
30
Total Clarity Wealth Management
Illinois
$229K – – –
MSFS
31
Main Street Financial Solutions
Pennsylvania
$229K +$228K +11,000 New
JCM
32
Jacobi Capital Management
Pennsylvania
$207K +$807 +39 +0.4%
APA
33
American Portfolios Advisors
New York
$204K -$2.07K -100 -1%
FEG
34
Financial Enhancement Group
Indiana
$193K – – –
ASN
35
Advisory Services Network
Georgia
$118K +$101K +4,862 +594%
LFG
36
Larson Financial Group
Missouri
$90K +$19.8K +956 +28%
CIAS
37
Capital Investment Advisory Services
North Carolina
$62K +$41.4K +2,000 +200%
Carson Wealth (CWM LLC)
38
Carson Wealth (CWM LLC)
Nebraska
$20K – – –
VRM
39
Vectors Research Management
New York
$12K +$11.6K +559 New
UBS Group
40
UBS Group
Switzerland
$4K -$11.9K -573 -74%
CFGS
41
Concourse Financial Group Securities
Alabama
$4K – – –
FPS
42
Fieldpoint Private Securities
Connecticut
$1K +$497 +24 New
Citadel Advisors
43
Citadel Advisors
Florida
– -$1.46M -70,738 Closed
KPWS
44
Kestra Private Wealth Services
Texas
– -$627K -30,356 Closed
Susquehanna International Group
45
Susquehanna International Group
Pennsylvania
– -$494K -23,921 Closed
AFP
46
Ausdal Financial Partners
Iowa
– -$290K -14,027 Closed
SCA
47
Snowden Capital Advisors
New York
– -$227K -11,000 Closed
US Bancorp
48
US Bancorp
Minnesota
– -$50K -2,417 Closed
Wells Fargo
49
Wells Fargo
California
– -$21 -1 -50%
1
2

FSMB Hedge Fund Activity: Q4 2020 in Review

43 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q4 2020, worth a combined $37.3M — up 13% from $33M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FSMB positions and 6 closed out — a net gain of 5 holders — while 13 added to existing stakes and 14 trimmed.

The largest buyer was Northwest Wealth Management, opening a new position worth an estimated $1.88M. The largest seller was Citadel Advisors, exiting entirely with an estimated $1.46M sold.

  • 43 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q4 2020, up from 38 in Q3 2020.
  • Funds reported $37.3M of First Trust Short Duration Managed Municipal ETF stock for Q4 2020, up 13% quarter-over-quarter.
  • 11 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q4 2020 and 6 closed out, a net change of +5 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q4 2020 was Northwest Wealth Management, an estimated $1.88M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q4 2020 was Citadel Advisors, an estimated $1.46M sold.

Based on aggregated 13F filings for Q4 2020.