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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
FF
51
Francis Financial
$859K +$64K +3,219 +8%
SCA
52
Snowden Capital Advisors
New York
$807K +$115K +5,778 +17%
OAM
53
Occidental Asset Management
California
$798K -$32.4K -1,629 -4%
TCOO
54
Trust Company of Oklahoma
Oklahoma
$751K – – –
OPOWM
55
One Plus One Wealth Management
Florida
$726K – – –
PCIA
56
Prime Capital Investment Advisors
Kansas
$717K – – –
HPC
57
Hobart Private Capital
North Carolina
$703K +$114K +5,737 +19%
RA
58
RFG Advisory
Alabama
$697K +$4.28K +215 +0.6%
PSCM
59
Per Stirling Capital Management
Texas
$681K -$563K -28,278 -45%
ACMA
60
Arbor Capital Management (Alaska)
Alaska
$678K +$1.37K +69 +0.2%
SL
61
SWMG LLC
Texas
$663K -$399K -20,070 -38%
Wealth Enhancement Advisory Services
62
Wealth Enhancement Advisory Services
Minnesota
$652K +$13.4K +675 +2%
EH
63
Equitable Holdings
New York
$618K +$284K +14,258 +84%
SPI
64
Sutton Place Investors
New York
$617K – – –
SFS
65
Security Financial Services
Indiana
$617K +$20.6K +1,036 +3%
WCFA
66
Walkner Condon Financial Advisors
Wisconsin
$594K +$151K +7,566 +34%
Janney Montgomery Scott
67
Janney Montgomery Scott
Pennsylvania
$591K -$171K -8,607 -22%
PWP
68
Principle Wealth Partners
Connecticut
$580K -$176K -8,844 -23%
HW
69
Hedeker Wealth
Illinois
$558K -$25.4K -1,276 -4%
FVWA
70
Foster Victor Wealth Advisors
South Carolina
$515K +$518K +26,043 New
PVI
71
Pine Valley Investments
New Jersey
$456K +$458K +23,008 New
Comerica Bank
72
Comerica Bank
Texas
$449K -$3.8K -191 -0.8%
CWP
73
Core Wealth Partners
California
$443K +$444K +22,335 New
ATPW
74
Ashton Thomas Private Wealth
Arizona
$418K – – –
CWA
75
Continuum Wealth Advisors
New York
$407K -$26.2K -1,317 -6%
1 2
3
4 5

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.