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First Trust Short Duration Managed Municipal ETF
FSMB

119 hedge funds and large institutions have $318M invested in First Trust Short Duration Managed Municipal ETF in 2024 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 46 increasing their positions, 40 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

15% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 40

1% more funds holding

Funds holding: 118 → 119 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.91% less ownership

Funds ownership: 80.91% → 79% (-1.9%)

7% less capital invested

Capital invested by funds: $341M → $318M (-$22.2M)

Holders
119
Holders Change
+1
Holders Change %
+0.85%
% of All Funds
1.71%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
9
Increased
46
Reduced
40
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RJFSA
Raymond James Financial Services Advisors
Florida
+$3.98M
2
RWB
RMR Wealth Builders
New Jersey
+$1.27M
3
CWP
Core Wealth Partners
California
+$691K
4
PFS
Prospera Financial Services
Texas
+$642K
5
NA
NewEdge Advisors
Louisiana
+$588K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$26.4M
2
Jane Street
Jane Street
New York
-$4.82M
3
LPL Financial
LPL Financial
California
-$1.16M
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$937K
5
NW
Naviter Wealth
Arkansas
-$789K
Name Holding Trade Value Shares
Change 		Change in
Stake
SI
26
Stephens Inc
Arkansas
$2.33M +$353K +17,700 +18%
ARG
27
Advisory Resource Group
Oklahoma
$2.21M +$1.14K +57 +0.1%
IA
28
IFP Advisors
Florida
$1.94M -$183K -9,163 -9%
SA
29
Sanctuary Advisors
Indiana
$1.91M +$129K +6,487 +7%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$1.88M +$275K +13,777 +17%
PSCM
31
Per Stirling Capital Management
Texas
$1.83M +$43K +2,156 +2%
VBFG
32
Vishria Bird Financial Group
Tennessee
$1.82M – – –
Rockefeller Capital Management
33
Rockefeller Capital Management
New York
$1.77M +$14K +700 +0.8%
Envestnet Portfolio Solutions
34
Envestnet Portfolio Solutions
Illinois
$1.73M -$1.78K -89 -0.1%
MA
35
Mutual Advisors
Nebraska
$1.53M +$5.11K +256 +0.3%
FF
36
Francis Financial
$1.47M +$363K +18,171 +33%
HPC
37
Hobart Private Capital
North Carolina
$1.42M +$1.78K +89 +0.1%
IIL
38
Insight Inv LLC
California
$1.39M -$344K -17,250 -20%
RJA
39
Raymond James & Associates
Florida
$1.26M -$17.9K -896 -1%
DADC
40
D.A. Davidson & Co
Montana
$1.2M – – –
FAIM
41
Financial Advocates Investment Management
Washington
$1.2M -$25.1K -1,259 -2%
CWP
42
Core Wealth Partners
California
$1.18M +$691K +34,642 +143%
PVI
43
Pine Valley Investments
New Jersey
$1.13M +$264K +13,219 +30%
EIA
44
Eldridge Investment Advisors
New Hampshire
$1.09M -$337K -16,910 -24%
IWC
45
Integrated Wealth Concepts
Massachusetts
$1.08M -$1.18K -59 -0.1%
FPWM
46
FSB Premier Wealth Management
Iowa
$1.06M -$152K -7,629 -13%
Cambridge Investment Research Advisors
47
Cambridge Investment Research Advisors
Iowa
$971K +$180 +9 +0%
MWM
48
Modern Wealth Management
Kansas
$968K -$101K -5,083 -10%
KPWS
49
Kestra Private Wealth Services
Texas
$887K -$74.8K -3,751 -8%
Comerica Bank
50
Comerica Bank
Texas
$839K +$422K +21,146 +102%
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3 4 5

FSMB Hedge Fund Activity: Q3 2024 in Review

119 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q3 2024, worth a combined $318M — down 6.5% from $341M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new FSMB positions and 7 closed out — a net gain of 2 holders — while 46 added to existing stakes and 40 trimmed.

The largest buyer was Raymond James Financial Services Advisors, adding an estimated $3.98M. The largest seller was Morgan Stanley, cutting an estimated $26.4M.

  • 119 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q3 2024, up from 118 in Q2 2024.
  • Funds reported $318M of First Trust Short Duration Managed Municipal ETF stock for Q3 2024, down 6.5% quarter-over-quarter.
  • 9 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q3 2024 and 7 closed out, a net change of +2 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q3 2024 was Raymond James Financial Services Advisors, an estimated $3.98M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q3 2024 was Morgan Stanley, an estimated $26.4M sold.

Based on aggregated 13F filings for Q3 2024.