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First Trust Short Duration Managed Municipal ETF
FSMB

118 hedge funds and large institutions have $332M invested in First Trust Short Duration Managed Municipal ETF in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 47 increasing their positions, 37 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 37

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 13

2% less funds holding

Funds holding: 121 → 118 (-3)

21% less capital invested

Capital invested by funds: $417M → $332M (-$85.8M)

21.19% less ownership

Funds ownership: 101.55% → 80.35% (-21%)

Holders
118
Holders Change
-3
Holders Change %
-2.48%
% of All Funds
1.7%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
12
Increased
47
Reduced
37
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
UBS Group
UBS Group
Switzerland
+$4.43M
2
LPL Financial
LPL Financial
California
+$2.67M
3
HighTower Advisors
HighTower Advisors
Illinois
+$2.61M
4
RWB
RMR Wealth Builders
New Jersey
+$2.57M
5
CA
Cetera Advisors
Colorado
+$2.13M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$92.8M
2
OAJ
Ogorek Anthony Joseph
New York
-$6.47M
3
Osaic Holdings
Osaic Holdings
Arizona
-$2.56M
4
HCA
Heck Capital Advisors
Wisconsin
-$2.16M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
Mariner
26
Mariner
Kansas
$2.55M -$368K -18,479 -13%
CA
27
Cetera Advisors
Colorado
$2.36M +$2.13M +107,224 +921%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$2.33M +$1.13M +56,581 +93%
Rockefeller Capital Management
29
Rockefeller Capital Management
New York
$2.14M -$207K -10,388 -9%
IA
30
IFP Advisors
Florida
$2.04M +$140K +7,039 +7%
SI
31
Stephens Inc
Arkansas
$1.96M – – –
Jane Street
32
Jane Street
New York
$1.95M +$1.96M +98,427 New
ARG
33
Advisory Resource Group
Oklahoma
$1.92M -$28.5K -1,433 -1%
VBFG
34
Vishria Bird Financial Group
Tennessee
$1.81M – – –
IIL
35
Insight Inv LLC
California
$1.78M +$19.9K +1,000 +1%
Envestnet Portfolio Solutions
36
Envestnet Portfolio Solutions
Illinois
$1.75M +$20.7K +1,038 +1%
EIA
37
Eldridge Investment Advisors
New Hampshire
$1.74M -$267K -13,421 -13%
MA
38
Mutual Advisors
Nebraska
$1.73M +$249K +12,513 +17%
IWC
39
Integrated Wealth Concepts
Massachusetts
$1.46M +$146K +7,355 +11%
FAIM
40
Financial Advocates Investment Management
Washington
$1.28M +$100K +5,036 +8%
PAG
41
Private Advisor Group
New Jersey
$1.26M +$119 +6 +0%
FPWM
42
FSB Premier Wealth Management
Iowa
$1.23M -$42.3K -2,128 -3%
RJA
43
Raymond James & Associates
Florida
$1.22M -$190K -9,533 -13%
MWM
44
Modern Wealth Management
Kansas
$1.2M -$180K -9,044 -13%
DADC
45
D.A. Davidson & Co
Montana
$1.15M -$40.2K -2,020 -3%
NW
46
Naviter Wealth
Arkansas
$965K +$968K +48,635 New
KPWS
47
Kestra Private Wealth Services
Texas
$956K -$117K -5,863 -11%
Cambridge Investment Research Advisors
48
Cambridge Investment Research Advisors
Iowa
$955K -$13.1K -658 -1%
IWA
49
Inspirion Wealth Advisors
Illinois
$927K – – –
SPIA
50
Steward Partners Investment Advisory
New York
$876K -$7.78K -391 -0.9%
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FSMB Hedge Fund Activity: Q1 2024 in Review

118 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q1 2024, worth a combined $332M — down 21% from $417M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of FSMB and 12 opened new positions — a net loss of 1 holder — while 37 trimmed existing stakes and 47 added.

The largest buyer was UBS Group, adding an estimated $4.43M. The largest seller was Morgan Stanley, cutting an estimated $92.8M.

  • 118 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q1 2024, down from 121 in Q4 2023.
  • Funds reported $332M of First Trust Short Duration Managed Municipal ETF stock for Q1 2024, down 21% quarter-over-quarter.
  • 12 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q1 2024 and 13 closed out, a net change of -1 holder.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q1 2024 was UBS Group, an estimated $4.43M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q1 2024 was Morgan Stanley, an estimated $92.8M sold.

Based on aggregated 13F filings for Q1 2024.