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First Trust Short Duration Managed Municipal ETF
FSMB

53 hedge funds and large institutions have $73.6M invested in First Trust Short Duration Managed Municipal ETF in 2021 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 12 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 2

100% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 12

62% more capital invested

Capital invested by funds: $45.3M → $73.6M (+$28.3M)

23% more funds holding

Funds holding: 43 → 53 (+10)

8.44% more ownership

Funds ownership: 51.26% → 59.7% (+8.4%)

Holders
53
Holders Change
+10
Holders Change %
+23.26%
% of All Funds
0.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
24
Reduced
12
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HighTower Advisors
HighTower Advisors
Illinois
+$9.4M
2
IC
Inscription Capital
Texas
+$4.6M
3
CCM
Condor Capital Management
New Jersey
+$3.11M
4
CAN
Cetera Advisor Networks
California
+$2.34M
5
FTUS
Flow Traders U.S.
New York
+$2.14M

Top Sellers

1
LPL Financial
LPL Financial
California
-$2M
2
GSC
G&S Capital
Colorado
-$672K
3
NWM
Northwest Wealth Management
Iowa
-$360K
4
OIA
OneDigital Investment Advisors
Kansas
-$291K
5
LA
LexAurum Advisors
Kansas
-$279K
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
26
Harbour Investments
Wisconsin
$572K -$99.9K -4,782 -15%
Cetera Investment Advisers
27
Cetera Investment Advisers
Illinois
$560K +$559K +26,763 New
SPC
28
Sigma Planning Corp
Michigan
$519K +$71.7K +3,435 +16%
LA
29
LexAurum Advisors
Kansas
$502K -$279K -13,354 -36%
MSFS
30
Main Street Financial Solutions
Pennsylvania
$481K +$251K +12,000 +109%
AWA
31
Alta Wealth Advisors
Massachusetts
$462K +$37.6K +1,800 +9%
IA
32
IFP Advisors
Florida
$425K +$425K +20,329 New
LI
33
LVZ Inc
Michigan
$411K -$100K -4,790 -20%
FAIM
34
Financial Advocates Investment Management
Washington
$388K -$104K -4,978 -21%
IFG
35
Independent Financial Group
California
$381K +$381K +18,224 New
MSAM
36
Moloney Securities Asset Management
Missouri
$374K – – –
CBFP
37
Cedar Brook Financial Partners
Ohio
$369K +$1.15K +55 +0.3%
ASN
38
Advisory Services Network
Georgia
$339K +$77.1K +3,690 +29%
NFG
39
Norris Financial Group
South Carolina
$314K -$44.5K -2,131 -12%
MWM
40
Mattern Wealth Management
Kansas
$289K +$288K +13,795 New
IWC
41
Integrated Wealth Concepts
Massachusetts
$274K +$274K +13,127 New
SB
42
Strategic Blueprint
Georgia
$239K +$30.8K +1,476 +15%
Susquehanna International Group
43
Susquehanna International Group
Pennsylvania
$220K +$220K +10,544 New
APA
44
American Portfolios Advisors
New York
$217K +$11.2K +538 +5%
FEG
45
Financial Enhancement Group
Indiana
$194K – – –
JCM
46
Jacobi Capital Management
Pennsylvania
$157K -$51.7K -2,475 -25%
LFG
47
Larson Financial Group
Missouri
$144K +$6.68K +320 +5%
CIAS
48
Capital Investment Advisory Services
North Carolina
$84K +$20.9K +1,000 +33%
WWMSC
49
Wagner Wealth Management (South Carolina)
South Carolina
$79K -$11.8K -563 -13%
VRM
50
Vectors Research Management
New York
$78K +$57K +2,728 +278%
1
2
3

FSMB Hedge Fund Activity: Q2 2021 in Review

53 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q2 2021, worth a combined $73.6M — up 62% from $45.3M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new FSMB positions and 2 closed out — a net gain of 10 holders — while 24 added to existing stakes and 12 trimmed.

The largest buyer was HighTower Advisors, opening a new position worth an estimated $9.4M. The largest seller was LPL Financial, cutting an estimated $2M.

  • 53 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q2 2021, up from 43 in Q1 2021.
  • Funds reported $73.6M of First Trust Short Duration Managed Municipal ETF stock for Q2 2021, up 62% quarter-over-quarter.
  • 12 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q2 2021 and 2 closed out, a net change of +10 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q2 2021 was HighTower Advisors, an estimated $9.4M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q2 2021 was LPL Financial, an estimated $2M sold.

Based on aggregated 13F filings for Q2 2021.