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First Trust Short Duration Managed Municipal ETF
FSMB

74 hedge funds and large institutions have $115M invested in First Trust Short Duration Managed Municipal ETF in 2021 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 28 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

229% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 7

56% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 18

38% more capital invested

Capital invested by funds: $83.8M → $115M (+$31.5M)

28% more funds holding

Funds holding: 58 → 74 (+16)

6.92% more ownership

Funds ownership: 54.63% → 61.55% (+6.9%)

Holders
74
Holders Change
+16
Holders Change %
+27.59%
% of All Funds
1.14%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
23
Increased
28
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$12.6M
2
HighTower Advisors
HighTower Advisors
Illinois
+$5.27M
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$1.9M
4
LPL Financial
LPL Financial
California
+$1.76M
5
Jane Street
Jane Street
New York
+$1.49M

Top Sellers

1
CAN
Cetera Advisor Networks
California
-$1.84M
2
MIAN
Mariner Independent Advisor Network
Kansas
-$884K
3
FTUS
Flow Traders U.S.
New York
-$773K
4
LA
LexAurum Advisors
Kansas
-$731K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$719K
Name Holding Trade Value Shares
Change 		Change in
Stake
ASN
26
Advisory Services Network
Georgia
$793K +$372K +17,845 +88%
OCM
27
Objective Capital Management
Ohio
$779K +$781K +37,450 New
RWB
28
RMR Wealth Builders
New Jersey
$757K +$759K +36,392 New
TC
29
TownSquare Capital
Utah
$749K +$750K +36,000 New
AWA
30
Alta Wealth Advisors
Massachusetts
$726K +$252K +12,103 +53%
ACMA
31
Arbor Capital Management (Alaska)
Alaska
$711K +$712K +34,144 New
IA
32
IFP Advisors
Florida
$698K +$144K +6,892 +26%
IFG
33
Independent Financial Group
California
$680K +$163K +7,827 +32%
Truist Financial
34
Truist Financial
North Carolina
$669K -$90.9K -4,361 -12%
SPC
35
Sigma Planning Corp
Michigan
$612K +$68.7K +3,296 +13%
William Blair & Company
36
William Blair & Company
Illinois
$557K +$558K +26,750 New
AWG
37
Altus Wealth Group
Colorado
$545K +$546K +26,191 New
CAN
38
Cetera Advisor Networks
California
$538K -$1.84M -88,281 -77%
SB
39
Strategic Blueprint
Georgia
$506K +$119K +5,725 +31%
AAS
40
Ameritas Advisory Services
Nebraska
$493K +$494K +23,691 New
SWA
41
Stratos Wealth Advisors
Ohio
$488K – – –
GSC
42
G&S Capital
Colorado
$485K -$375 -18 -0.1%
WWMSC
43
Wagner Wealth Management (South Carolina)
South Carolina
$474K +$396K +18,980 +498%
MSFS
44
Main Street Financial Solutions
Pennsylvania
$445K -$62.5K -3,000 -12%
FAIM
45
Financial Advocates Investment Management
Washington
$428K +$42K +2,017 +11%
LI
46
LVZ Inc
Michigan
$377K -$134K -6,435 -26%
GWA
47
GGM Wealth Advisors
Maryland
$364K +$120K +5,750 +49%
CBFP
48
Cedar Brook Financial Partners
Ohio
$349K +$349K +16,749 New
NA
49
NewEdge Advisors
Louisiana
$318K +$319K +15,282 New
RJT
50
Raymond James Trust
Florida
$314K +$315K +15,100 New
1
2
3 4

FSMB Hedge Fund Activity: Q4 2021 in Review

74 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q4 2021, worth a combined $115M — up 38% from $83.8M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new FSMB positions and 7 closed out — a net gain of 16 holders — while 28 added to existing stakes and 18 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $12.6M. The largest seller was Cetera Advisor Networks, cutting an estimated $1.84M.

  • 74 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q4 2021, up from 58 in Q3 2021.
  • Funds reported $115M of First Trust Short Duration Managed Municipal ETF stock for Q4 2021, up 38% quarter-over-quarter.
  • 23 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q4 2021 and 7 closed out, a net change of +16 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q4 2021 was Morgan Stanley, an estimated $12.6M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q4 2021 was Cetera Advisor Networks, an estimated $1.84M sold.

Based on aggregated 13F filings for Q4 2021.