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First Trust Short Duration Managed Municipal ETF
FSMB

43 hedge funds and large institutions have $45.3M invested in First Trust Short Duration Managed Municipal ETF in 2021 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 23 increasing their positions, 6 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

283% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 6

21% more capital invested

Capital invested by funds: $37.3M → $45.3M (+$8.01M)

2.11% more ownership

Funds ownership: 49.15% → 51.26% (+2.1%)

0% more funds holding

Funds holding: 43 → 43 (0)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

Holders
43
Holders Change
–
Holders Change %
0%
% of All Funds
0.76%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
23
Reduced
6
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$5.65M
2
PWP
Principle Wealth Partners
Connecticut
+$1.17M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$712K
4
RJA
Raymond James & Associates
Florida
+$674K
5
KAS
Kestra Advisory Services
Texas
+$611K

Top Sellers

1
GSC
G&S Capital
Colorado
-$1.54M
2
CBFP
Cedar Brook Financial Partners
Ohio
-$946K
3
AC
Avestar Capital
New York
-$834K
4
Jane Street
Jane Street
New York
-$653K
5
OIA
OneDigital Investment Advisors
Kansas
-$298K
Name Holding Trade Value Shares
Change 		Change in
Stake
CBFP
26
Cedar Brook Financial Partners
Ohio
$366K -$946K -45,378 -72%
NFG
27
Norris Financial Group
South Carolina
$357K -$120K -5,754 -25%
OIA
28
OneDigital Investment Advisors
Kansas
$291K -$298K -14,281 -50%
CCM
29
Condor Capital Management
New Jersey
$286K +$286K +13,741 New
ASN
30
Advisory Services Network
Georgia
$260K +$142K +6,832 +120%
MSFS
31
Main Street Financial Solutions
Pennsylvania
$229K – – –
TCWM
32
Total Clarity Wealth Management
Illinois
$229K – – –
JCM
33
Jacobi Capital Management
Pennsylvania
$208K +$750 +36 +0.4%
SB
34
Strategic Blueprint
Georgia
$207K +$207K +9,949 New
APA
35
American Portfolios Advisors
New York
$205K +$625 +30 +0.3%
FEG
36
Financial Enhancement Group
Indiana
$193K – – –
LFG
37
Larson Financial Group
Missouri
$137K +$46.8K +2,244 +52%
WWMSC
38
Wagner Wealth Management (South Carolina)
South Carolina
$91K +$90.9K +4,362 New
CIAS
39
Capital Investment Advisory Services
North Carolina
$62K – – –
Carson Wealth (CWM LLC)
40
Carson Wealth (CWM LLC)
Nebraska
$20K – – –
VRM
41
Vectors Research Management
New York
$20K +$8.77K +421 +75%
CFGS
42
Concourse Financial Group Securities
Alabama
$4K – – –
AC
43
Avestar Capital
New York
– -$834K -40,078 Closed
Jane Street
44
Jane Street
New York
– -$653K -31,364 Closed
UBS Group
45
UBS Group
Switzerland
– -$4K -204 Closed
FPS
46
Fieldpoint Private Securities
Connecticut
– -$1K -24 Closed
1
2

FSMB Hedge Fund Activity: Q1 2021 in Review

43 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q1 2021, worth a combined $45.3M — up 21% from $37.3M a quarter earlier.

Fund positioning in FSMB was balanced in Q1 2021: 4 funds opened new positions, 4 closed out, 23 added to existing stakes and 6 trimmed.

The largest buyer was LPL Financial, adding an estimated $5.65M. The largest seller was G&S Capital, cutting an estimated $1.54M.

  • 43 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q1 2021, unchanged from Q4 2020.
  • Funds reported $45.3M of First Trust Short Duration Managed Municipal ETF stock for Q1 2021, up 21% quarter-over-quarter.
  • 4 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q1 2021 and 4 closed out, a net change of 0 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q1 2021 was LPL Financial, an estimated $5.65M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q1 2021 was G&S Capital, an estimated $1.54M sold.

Based on aggregated 13F filings for Q1 2021.