We are live on ! Find out more
FSMB icon

First Trust Short Duration Managed Municipal ETF
FSMB

106 hedge funds and large institutions have $312M invested in First Trust Short Duration Managed Municipal ETF in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 42 increasing their positions, 35 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 35

5% more capital invested

Capital invested by funds: $297M → $312M (+$15.1M)

0.03% more ownership

Funds ownership: 72.65% → 72.68% (+0.03%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3% less funds holding

Funds holding: 109 → 106 (-3)

13% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 16

Holders
106
Holders Change
-3
Holders Change %
-2.75%
% of All Funds
1.69%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
42
Reduced
35
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$13M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$5.7M
3
OPS
Orion Portfolio Solutions
Nebraska
+$4.74M
4
LPL Financial
LPL Financial
California
+$4.05M
5
GVAG
Great Valley Advisor Group
Delaware
+$1.98M

Top Sellers

1
LWA
LWS Wealth Advisors
New Jersey
-$10.6M
2
Jane Street
Jane Street
New York
-$4.2M
3
PSCM
Per Stirling Capital Management
Texas
-$2.47M
4
AI
Atria Investments
North Carolina
-$1.7M
5
SG
StoneX Group
New York
-$1.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
KPWS
51
Kestra Private Wealth Services
Texas
$722K +$157K +7,903 +28%
ACMA
52
Arbor Capital Management (Alaska)
Alaska
$689K +$13.1K +658 +2%
ATPW
53
Ashton Thomas Private Wealth
Arizona
$674K +$48.4K +2,440 +8%
DFA
54
DHJJ Financial Advisors
Illinois
$670K +$3.47K +175 +0.5%
SPC
55
Sigma Planning Corp
Michigan
$631K -$260K -13,086 -29%
TCOO
56
Trust Company of Oklahoma
Oklahoma
$628K -$250K -12,624 -29%
SPI
57
Sutton Place Investors
New York
$618K – – –
SFS
58
Security Financial Services
Indiana
$615K +$397 +20 +0.1%
IFG
59
Independent Financial Group
California
$598K -$24.1K -1,217 -4%
FAIM
60
Financial Advocates Investment Management
Washington
$592K -$73.2K -3,690 -11%
RA
61
RFG Advisory
Alabama
$383K -$77.4K -3,900 -17%
OPOWM
62
One Plus One Wealth Management
Florida
$380K +$57.6K +2,901 +18%
OAM
63
Occidental Asset Management
California
$380K +$379K +19,092 New
OIA
64
OneDigital Investment Advisors
Kansas
$347K +$16.7K +840 +5%
CWA
65
Continuum Wealth Advisors
New York
$337K -$26.6K -1,340 -7%
CCA
66
Clearwater Capital Advisors
Illinois
$322K – – –
HI
67
Harbour Investments
Wisconsin
$314K +$126K +6,336 +67%
RJT
68
Raymond James Trust
Florida
$300K – – –
MWP
69
Meridian Wealth Partners
Pennsylvania
$284K – – –
AWM
70
AE Wealth Management
Kansas
$282K +$26.2K +1,319 +10%
WCFA
71
Walkner Condon Financial Advisors
Wisconsin
$280K -$550K -27,711 -66%
PVI
72
Pine Valley Investments
New Jersey
$277K +$277K +13,983 New
AAS
73
Ameritas Advisory Services
Nebraska
$268K – – –
FHC
74
First Heartland Consultants
Missouri
$263K +$263K +13,250 New
SFS
75
Sowell Financial Services
Arkansas
$257K +$256K +12,920 New
1 2
3
4 5

FSMB Hedge Fund Activity: Q1 2023 in Review

106 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q1 2023, worth a combined $312M — up 5.1% from $297M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of FSMB and 14 opened new positions — a net loss of 2 holders — while 35 trimmed existing stakes and 42 added.

The largest buyer was Morgan Stanley, adding an estimated $13M. The largest seller was LWS Wealth Advisors, cutting an estimated $10.6M.

  • 106 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q1 2023, down from 109 in Q4 2022.
  • Funds reported $312M of First Trust Short Duration Managed Municipal ETF stock for Q1 2023, up 5.1% quarter-over-quarter.
  • 14 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q1 2023 and 16 closed out, a net change of -2 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q1 2023 was Morgan Stanley, an estimated $13M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q1 2023 was LWS Wealth Advisors, an estimated $10.6M sold.

Based on aggregated 13F filings for Q1 2023.