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First Trust Short Duration Managed Municipal ETF
FSMB

87 hedge funds and large institutions have $191M invested in First Trust Short Duration Managed Municipal ETF in 2022 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

243% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 7

24% more funds holding

Funds holding: 70 → 87 (+17)

17% more capital invested

Capital invested by funds: $164M → $191M (+$27.3M)

13% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 24

0.64% more ownership

Funds ownership: 66.3% → 66.94% (+0.64%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
87
Holders Change
+17
Holders Change %
+24.29%
% of All Funds
1.47%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
24
Increased
27
Reduced
24
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$10.3M
2
HighTower Advisors
HighTower Advisors
Illinois
+$9.62M
3
KMWM
Keudell/Morrison Wealth Management
Oregon
+$3.64M
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$3.59M
5
UBS Group
UBS Group
Switzerland
+$3.14M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$17.9M
2
CCM
Condor Capital Management
New Jersey
-$4.32M
3
SPI
Sutton Place Investors
New York
-$1.99M
4
PWP
Principle Wealth Partners
Connecticut
-$1.25M
5
LWMNY
Landmark Wealth Management (New York)
New York
-$641K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFG
26
Barber Financial Group
Kansas
$1.63M -$438K -22,011 -21%
FPWM
27
FSB Premier Wealth Management
Iowa
$1.55M -$6.9K -347 -0.4%
MA
28
Mutual Advisors
Nebraska
$1.54M +$1.05M +52,668 +210%
SG
29
StoneX Group
New York
$1.45M +$1.46M +73,221 New
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$1.34M +$128K +6,424 +10%
MIAN
31
Mariner Independent Advisor Network
Kansas
$1.34M +$802K +40,319 +150%
FTUS
32
Flow Traders U.S.
New York
$1.23M +$1.23M +62,020 New
ASN
33
Advisory Services Network
Georgia
$1.1M +$189K +9,513 +21%
IWC
34
Integrated Wealth Concepts
Massachusetts
$1.03M +$1.03M +51,717 New
IWA
35
Inspirion Wealth Advisors
Illinois
$978K +$979K +49,250 New
DADC
36
D.A. Davidson & Co
Montana
$959K +$961K +48,326 New
IA
37
IFP Advisors
Florida
$945K – – –
SPC
38
Sigma Planning Corp
Michigan
$924K +$325K +16,366 +54%
DFA
39
DHJJ Financial Advisors
Illinois
$875K -$73.2K -3,683 -8%
AWA
40
Alta Wealth Advisors
Massachusetts
$866K +$34.9K +1,755 +4%
ACMA
41
Arbor Capital Management (Alaska)
Alaska
$731K -$7.38K -371 -1%
Truist Financial
42
Truist Financial
North Carolina
$663K +$28.3K +1,424 +4%
IFG
43
Independent Financial Group
California
$646K +$239 +12 +0%
CAN
44
Cetera Advisor Networks
California
$596K +$597K +30,024 New
SWP
45
ShoreHaven Wealth Partners
New Jersey
$557K +$558K +28,068 New
WWMSC
46
Wagner Wealth Management (South Carolina)
South Carolina
$534K -$532K -26,746 -50%
FAIM
47
Financial Advocates Investment Management
Washington
$492K +$73.9K +3,714 +18%
PFS
48
Prospera Financial Services
Texas
$484K +$41.1K +2,067 +9%
SPIA
49
Steward Partners Investment Advisory
New York
$442K +$443K +22,266 New
OCM
50
Objective Capital Management
Ohio
$435K -$274K -13,800 -39%
1
2
3 4

FSMB Hedge Fund Activity: Q2 2022 in Review

87 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q2 2022, worth a combined $191M — up 17% from $164M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new FSMB positions and 7 closed out — a net gain of 17 holders — while 27 added to existing stakes and 24 trimmed.

The largest buyer was LPL Financial, adding an estimated $10.3M. The largest seller was Morgan Stanley, cutting an estimated $17.9M.

  • 87 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q2 2022, up from 70 in Q1 2022.
  • Funds reported $191M of First Trust Short Duration Managed Municipal ETF stock for Q2 2022, up 17% quarter-over-quarter.
  • 24 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q2 2022 and 7 closed out, a net change of +17 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q2 2022 was LPL Financial, an estimated $10.3M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q2 2022 was Morgan Stanley, an estimated $17.9M sold.

Based on aggregated 13F filings for Q2 2022.