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First Trust Short Duration Managed Municipal ETF
FSMB

74 hedge funds and large institutions have $115M invested in First Trust Short Duration Managed Municipal ETF in 2021 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 28 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

229% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 7

56% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 18

38% more capital invested

Capital invested by funds: $83.8M → $115M (+$31.5M)

28% more funds holding

Funds holding: 58 → 74 (+16)

6.92% more ownership

Funds ownership: 54.63% → 61.55% (+6.9%)

Holders
74
Holders Change
+16
Holders Change %
+27.59%
% of All Funds
1.14%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
23
Increased
28
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$12.6M
2
HighTower Advisors
HighTower Advisors
Illinois
+$5.27M
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$1.9M
4
LPL Financial
LPL Financial
California
+$1.76M
5
Jane Street
Jane Street
New York
+$1.49M

Top Sellers

1
CAN
Cetera Advisor Networks
California
-$1.84M
2
MIAN
Mariner Independent Advisor Network
Kansas
-$884K
3
FTUS
Flow Traders U.S.
New York
-$773K
4
LA
LexAurum Advisors
Kansas
-$731K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$719K
Name Holding Trade Value Shares
Change 		Change in
Stake
MWM
51
Mattern Wealth Management
Kansas
$292K -$342K -16,423 -54%
KWS
52
Keystone Wealth Services
California
$291K +$292K +14,000 New
OMC
53
Old Mission Capital
Illinois
$273K +$274K +13,142 New
IWC
54
Integrated Wealth Concepts
Massachusetts
$270K -$3.54K -170 -1%
CMS
55
Capital Market Strategies
Florida
$260K +$260K +12,478 New
OIA
56
OneDigital Investment Advisors
Kansas
$251K -$3.73K -179 -1%
NFG
57
Norris Financial Group
South Carolina
$223K -$89.3K -4,285 -29%
Susquehanna International Group
58
Susquehanna International Group
Pennsylvania
$218K +$218K +10,465 New
BFEC
59
Benjamin F. Edwards & Company
Missouri
$195K – – –
FEG
60
Financial Enhancement Group
Indiana
$193K – – –
APA
61
American Portfolios Advisors
New York
$175K -$38.3K -1,837 -18%
MTWM
62
Masso Torrence Wealth Management
New Jersey
$167K +$167K +8,033 New
TCWM
63
Total Clarity Wealth Management
Illinois
$156K – – –
LFG
64
Larson Financial Group
Missouri
$148K +$1.4K +67 +0.9%
CWS
65
Confluence Wealth Services
Pennsylvania
$119K +$120K +5,760 New
HI
66
Harbour Investments
Wisconsin
$115K -$354K -16,959 -75%
VRM
67
Vectors Research Management
New York
$79K +$771 +37 +1%
FCMA
68
Foresight Capital Management Advisors
Michigan
$65K +$64.9K +3,112 New
CIAS
69
Capital Investment Advisory Services
North Carolina
$42K -$41.7K -2,000 -50%
Carson Wealth (CWM LLC)
70
Carson Wealth (CWM LLC)
Nebraska
$20K +$20K +959 New
GWM
71
Geneos Wealth Management
Colorado
$20K +$20.8K +1,000 New
CFGS
72
Concourse Financial Group Securities
Alabama
$4K – – –
LWMNY
73
Landmark Wealth Management (New York)
New York
$1K +$632K +30,315 New
MIAN
74
Mariner Independent Advisor Network
Kansas
– -$884K -42,303 Closed
FTUS
75
Flow Traders U.S.
New York
– -$773K -37,024 Closed
1 2
3
4

FSMB Hedge Fund Activity: Q4 2021 in Review

74 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q4 2021, worth a combined $115M — up 38% from $83.8M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new FSMB positions and 7 closed out — a net gain of 16 holders — while 28 added to existing stakes and 18 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $12.6M. The largest seller was Cetera Advisor Networks, cutting an estimated $1.84M.

  • 74 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q4 2021, up from 58 in Q3 2021.
  • Funds reported $115M of First Trust Short Duration Managed Municipal ETF stock for Q4 2021, up 38% quarter-over-quarter.
  • 23 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q4 2021 and 7 closed out, a net change of +16 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q4 2021 was Morgan Stanley, an estimated $12.6M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q4 2021 was Cetera Advisor Networks, an estimated $1.84M sold.

Based on aggregated 13F filings for Q4 2021.