First Trust Short Duration Managed Municipal ETF
FSMB
53 hedge funds and large institutions have $73.6M invested in First Trust Short Duration Managed Municipal ETF in 2021 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 12 reducing their positions, and 2 closing their positions.
500% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 2
100% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 12
62% more capital invested
Capital invested by funds: $45.3M → $73.6M (+$28.3M)
23% more funds holding
Funds holding: 43 → 53 (+10)
8.44% more ownership
Funds ownership: 51.26% → 59.7% (+8.4%)
Top Buyers
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$9.4M |
| 2 |
IC
Inscription Capital
Houston,
Texas
|
+$4.6M |
| 3 |
CCM
Condor Capital Management
Martinsville,
New Jersey
|
+$3.11M |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$2.34M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$2.14M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $20K | – | – | – |
|
|
CFGS
52
Concourse Financial Group Securities
Birmingham,
Alabama
| $4K | – | – | – |
|
|
OIA
53
OneDigital Investment Advisors
Overland Park,
Kansas
| – | -$291K | -14,001 | Closed |
|
|
TCWM
54
Total Clarity Wealth Management
St. Charles,
Illinois
| – | -$229K | -11,000 | Closed |
|
FSMB Hedge Fund Activity: Q2 2021 in Review
53 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q2 2021, worth a combined $73.6M — up 62% from $45.3M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FSMB positions and 2 closed out — a net gain of 10 holders — while 24 added to existing stakes and 12 trimmed.
The largest buyer was HighTower Advisors, opening a new position worth an estimated $9.4M. The largest seller was LPL Financial, cutting an estimated $2M.
- 53 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q2 2021, up from 43 in Q1 2021.
- Funds reported $73.6M of First Trust Short Duration Managed Municipal ETF stock for Q2 2021, up 62% quarter-over-quarter.
- 12 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q2 2021 and 2 closed out, a net change of +10 holders.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q2 2021 was HighTower Advisors, an estimated $9.4M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q2 2021 was LPL Financial, an estimated $2M sold.
Based on aggregated 13F filings for Q2 2021.