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First Trust Short Duration Managed Municipal ETF
FSMB

99 hedge funds and large institutions have $246M invested in First Trust Short Duration Managed Municipal ETF in 2022 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 38 increasing their positions, 27 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 8

41% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 27

29% more capital invested

Capital invested by funds: $191M → $246M (+$54.8M)

14% more funds holding

Funds holding: 87 → 99 (+12)

4.85% more ownership

Funds ownership: 66.94% → 71.79% (+4.8%)

Holders
99
Holders Change
+12
Holders Change %
+13.79%
% of All Funds
1.71%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
20
Increased
38
Reduced
27
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LWA
LWS Wealth Advisors
New Jersey
+$30.3M
2
Morgan Stanley
Morgan Stanley
New York
+$20.1M
3
BCI
Brinker Capital Investments
Pennsylvania
+$6.57M
4
TA
TruWealth Advisors
Louisiana
+$6.19M
5
RWB
RMR Wealth Builders
New Jersey
+$2.24M

Top Sellers

1
HighTower Advisors
HighTower Advisors
Illinois
-$9.56M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$4.1M
3
Jane Street
Jane Street
New York
-$2.02M
4
KMWM
Keudell/Morrison Wealth Management
Oregon
-$2.01M
5
SCA
Snowden Capital Advisors
New York
-$1.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
EFL
26
ERn Financial LLC
Wisconsin
$1.68M +$1.29M +64,832 +303%
BFG
27
Barber Financial Group
Kansas
$1.66M +$67.2K +3,378 +4%
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$1.62M +$311K +15,634 +23%
RJA
29
Raymond James & Associates
Florida
$1.61M -$21K -1,057 -1%
KMWM
30
Keudell/Morrison Wealth Management
Oregon
$1.6M -$2.01M -100,919 -55%
MA
31
Mutual Advisors
Nebraska
$1.49M -$30.8K -1,548 -2%
SG
32
StoneX Group
New York
$1.43M – – –
DADC
33
D.A. Davidson & Co
Montana
$1.37M +$435K +21,850 +45%
SCA
34
Snowden Capital Advisors
New York
$1.34M -$1.48M -74,545 -52%
HW
35
Hedeker Wealth
Illinois
$1.32M -$1.29M -64,610 -49%
OPS
36
Orion Portfolio Solutions
Nebraska
$1.28M +$1.31M +65,891 New
Commonwealth Equity Services
37
Commonwealth Equity Services
Massachusetts
$1.28M -$4.1M -206,366 -76%
IIL
38
Insight Inv LLC
California
$1.19M +$1.22M +61,160 New
IWC
39
Integrated Wealth Concepts
Massachusetts
$1.01M – – –
SPC
40
Sigma Planning Corp
Michigan
$985K +$79.6K +4,001 +9%
CCM
41
Condor Capital Management
New Jersey
$977K +$782K +39,307 +364%
IWA
42
Inspirion Wealth Advisors
Illinois
$941K -$19.9K -1,000 -2%
AWA
43
Alta Wealth Advisors
Massachusetts
$931K +$84.6K +4,253 +10%
DFA
44
DHJJ Financial Advisors
Illinois
$850K -$8.12K -408 -0.9%
ACMA
45
Arbor Capital Management (Alaska)
Alaska
$685K -$35K -1,758 -5%
Stifel Financial
46
Stifel Financial
Missouri
$674K +$688K +34,569 New
FAIM
47
Financial Advocates Investment Management
Washington
$658K +$178K +8,973 +36%
MHS
48
M Holdings Securities
Oregon
$655K +$668K +33,598 New
Truist Financial
49
Truist Financial
North Carolina
$652K – – –
IFG
50
Independent Financial Group
California
$635K +$557 +28 +0.1%
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FSMB Hedge Fund Activity: Q3 2022 in Review

99 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q3 2022, worth a combined $246M — up 29% from $191M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new FSMB positions and 8 closed out — a net gain of 12 holders — while 38 added to existing stakes and 27 trimmed.

The largest buyer was LWS Wealth Advisors, opening a new position worth an estimated $30.3M. The largest seller was HighTower Advisors, cutting an estimated $9.56M.

  • 99 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q3 2022, up from 87 in Q2 2022.
  • Funds reported $246M of First Trust Short Duration Managed Municipal ETF stock for Q3 2022, up 29% quarter-over-quarter.
  • 20 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q3 2022 and 8 closed out, a net change of +12 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q3 2022 was LWS Wealth Advisors, an estimated $30.3M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q3 2022 was HighTower Advisors, an estimated $9.56M sold.

Based on aggregated 13F filings for Q3 2022.