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First Trust Short Duration Managed Municipal ETF
FSMB

70 hedge funds and large institutions have $164M invested in First Trust Short Duration Managed Municipal ETF in 2022 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 22 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more capital invested

Capital invested by funds: $115M → $164M (+$48.8M)

36% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 22

4.75% more ownership

Funds ownership: 61.55% → 66.3% (+4.8%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 74 → 70 (-4)

21% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 14

Holders
70
Holders Change
-4
Holders Change %
-5.41%
% of All Funds
1.1%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
30
Reduced
22
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$31.9M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$13M
3
KAS
Kestra Advisory Services
Texas
+$2.26M
4
LPL Financial
LPL Financial
California
+$2.18M
5
SCA
Snowden Capital Advisors
New York
+$1.25M

Top Sellers

1
NWM
Northwest Wealth Management
Iowa
-$1.02M
2
TC
TownSquare Capital
Utah
-$749K
3
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$640K
4
RJA
Raymond James & Associates
Florida
-$601K
5
AWG
Altus Wealth Group
Colorado
-$545K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
26
IFP Advisors
Florida
$945K +$285K +13,922 +42%
ASN
27
Advisory Services Network
Georgia
$922K +$159K +7,767 +20%
SWP
28
Stratos Wealth Partners
Ohio
$841K +$82 +4 +0%
AWA
29
Alta Wealth Advisors
Massachusetts
$838K +$141K +6,879 +20%
ACMA
30
Arbor Capital Management (Alaska)
Alaska
$747K +$62K +3,032 +9%
OCM
31
Objective Capital Management
Ohio
$717K -$35.8K -1,750 -5%
IFG
32
Independent Financial Group
California
$653K -$3.03K -148 -0.5%
AFP
33
Ausdal Financial Partners
Iowa
$644K +$656K +32,083 New
Truist Financial
34
Truist Financial
North Carolina
$643K -$3.07K -150 -0.5%
LWMNY
35
Landmark Wealth Management (New York)
New York
$641K +$623K +30,481 +101%
NA
36
NewEdge Advisors
Louisiana
$623K +$322K +15,739 +103%
SPC
37
Sigma Planning Corp
Michigan
$606K +$15.7K +769 +3%
MIAN
38
Mariner Independent Advisor Network
Kansas
$540K +$550K +26,880 New
William Blair & Company
39
William Blair & Company
Illinois
$537K – – –
MA
40
Mutual Advisors
Nebraska
$503K +$512K +25,028 New
AAS
41
Ameritas Advisory Services
Nebraska
$483K +$7K +342 +1%
MSFS
42
Main Street Financial Solutions
Pennsylvania
$478K +$49.1K +2,400 +11%
WCFA
43
Walkner Condon Financial Advisors
Wisconsin
$472K +$480K +23,478 New
SB
44
Strategic Blueprint
Georgia
$454K -$35K -1,710 -7%
PFS
45
Prospera Financial Services
Texas
$448K +$456K +22,315 New
FAIM
46
Financial Advocates Investment Management
Washington
$423K +$9.96K +487 +2%
GSC
47
G&S Capital
Colorado
$363K -$107K -5,229 -22%
GWA
48
GGM Wealth Advisors
Maryland
$348K – – –
TAM
49
Tucker Asset Management
Colorado
$333K +$339K +16,559 New
CBFP
50
Cedar Brook Financial Partners
Ohio
$310K -$27.4K -1,338 -8%
1
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FSMB Hedge Fund Activity: Q1 2022 in Review

70 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q1 2022, worth a combined $164M — up 42% from $115M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of FSMB and 11 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 30 added.

The largest buyer was Morgan Stanley, adding an estimated $31.9M. The largest seller was Northwest Wealth Management, cutting an estimated $1.02M.

  • 70 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q1 2022, down from 74 in Q4 2021.
  • Funds reported $164M of First Trust Short Duration Managed Municipal ETF stock for Q1 2022, up 42% quarter-over-quarter.
  • 11 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q1 2022 and 14 closed out, a net change of -3 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q1 2022 was Morgan Stanley, an estimated $31.9M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q1 2022 was Northwest Wealth Management, an estimated $1.02M sold.

Based on aggregated 13F filings for Q1 2022.