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First Trust Short Duration Managed Municipal ETF
FSMB

109 hedge funds and large institutions have $322M invested in First Trust Short Duration Managed Municipal ETF in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 42 increasing their positions, 32 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 12

31% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 32

3% more funds holding

Funds holding: 106 → 109 (+3)

2.45% more ownership

Funds ownership: 72.68% → 75.13% (+2.5%)

3% more capital invested

Capital invested by funds: $312M → $322M (+$9.61M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $478K

Holders
109
Holders Change
+3
Holders Change %
+2.83%
% of All Funds
1.71%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
17
Increased
42
Reduced
32
Closed
12
Calls
–
Puts
$478K
Net Calls
-$478K
Net Calls Change
-$478K

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$12.1M
2
BCI
Brinker Capital Investments
Pennsylvania
+$4.24M
3
OPS
Orion Portfolio Solutions
Nebraska
+$4.24M
4
FHC
First Heartland Consultants
Missouri
+$3.91M
5
VWA
Visionary Wealth Advisors
Illinois
+$3.64M

Top Sellers

1
LWA
LWS Wealth Advisors
New Jersey
-$10.1M
2
HighTower Advisors
HighTower Advisors
Illinois
-$7.63M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.28M
4
PSCM
Per Stirling Capital Management
Texas
-$1.91M
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
NA
26
NewEdge Advisors
Louisiana
$2.52M +$11.5K +580 +0.5%
HCA
27
Heck Capital Advisors
Wisconsin
$2.31M -$49.6K -2,505 -2%
SI
28
Stephens Inc
Arkansas
$2.13M +$2.13M +107,738 New
ARG
29
Advisory Resource Group
Oklahoma
$2.07M -$70.9K -3,583 -3%
PWP
30
Principle Wealth Partners
Connecticut
$2.01M -$23.1K -1,168 -1%
CAN
31
Cetera Advisor Networks
California
$1.84M -$1.48M -74,964 -45%
RJA
32
Raymond James & Associates
Florida
$1.83M +$124K +6,271 +7%
VBFG
33
Vishria Bird Financial Group
Tennessee
$1.8M -$36.9K -1,867 -2%
IIL
34
Insight Inv LLC
California
$1.75M +$188K +9,500 +12%
PSCM
35
Per Stirling Capital Management
Texas
$1.69M -$1.91M -96,586 -53%
MA
36
Mutual Advisors
Nebraska
$1.68M +$7K +354 +0.4%
SL
37
SWMG LLC
Texas
$1.58M – – –
LWA
38
LWS Wealth Advisors
New Jersey
$1.47M -$10.1M -509,441 -87%
FPWM
39
FSB Premier Wealth Management
Iowa
$1.34M -$28.1K -1,419 -2%
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$1.33M +$5.05K +255 +0.4%
PAG
41
Private Advisor Group
New Jersey
$1.31M +$56.3K +2,844 +4%
DADC
42
D.A. Davidson & Co
Montana
$1.29M -$2.97K -150 -0.2%
AF
43
Allworth Financial
California
$1.29M +$257K +12,989 +25%
EIA
44
Eldridge Investment Advisors
New Hampshire
$1.24M -$121K -6,114 -9%
SPIA
45
Steward Partners Investment Advisory
New York
$1.21M +$31.4K +1,589 +3%
IWA
46
Inspirion Wealth Advisors
Illinois
$1.12M – – –
EFS
47
Econ Financial Services
Pennsylvania
$1.02M +$7.14K +361 +0.7%
IWC
48
Integrated Wealth Concepts
Massachusetts
$1.02M – – –
Wells Fargo
49
Wells Fargo
California
$1.02M +$850K +42,932 +502%
SCA
50
Snowden Capital Advisors
New York
$837K -$90.1K -4,554 -10%
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FSMB Hedge Fund Activity: Q2 2023 in Review

109 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q2 2023, worth a combined $322M — up 3.1% from $312M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new FSMB positions and 12 closed out — a net gain of 5 holders — while 42 added to existing stakes and 32 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $12.1M. The largest seller was LWS Wealth Advisors, cutting an estimated $10.1M.

  • 109 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q2 2023, up from 106 in Q1 2023.
  • Funds reported $322M of First Trust Short Duration Managed Municipal ETF stock for Q2 2023, up 3.1% quarter-over-quarter.
  • 17 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q2 2023 and 12 closed out, a net change of +5 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q2 2023 was Morgan Stanley, an estimated $12.1M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q2 2023 was LWS Wealth Advisors, an estimated $10.1M sold.

Based on aggregated 13F filings for Q2 2023.