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First Trust Short Duration Managed Municipal ETF
FSMB

130 hedge funds and large institutions have $341M invested in First Trust Short Duration Managed Municipal ETF in 2024 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 47 increasing their positions, 39 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

144% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 9

21% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 39

9% more funds holding

Funds holding: 119 → 130 (+11)

7% more capital invested

Capital invested by funds: $318M → $341M (+$22.7M)

0.63% more ownership

Funds ownership: 79% → 79.63% (+0.63%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
130
Holders Change
+11
Holders Change %
+9.24%
% 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
22
Increased
47
Reduced
39
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$3.29M
2
LPL Financial
LPL Financial
California
+$2.77M
3
SFS
Sowell Financial Services
Arkansas
+$2.32M
4
PP
PFS Partners
New Jersey
+$2.21M
5
IAA
Independent Advisor Alliance
North Carolina
+$1.75M

Top Sellers

1
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$742K
2
KAS
Kestra Advisory Services
Texas
-$532K
3
BCI
Brinker Capital Investments
Pennsylvania
-$496K
4
OPS
Orion Portfolio Solutions
Nebraska
-$496K
5
Stifel Financial
Stifel Financial
Missouri
-$464K
Name Holding Trade Value Shares
Change 		Change in
Stake
IWC
51
Integrated Wealth Concepts
Massachusetts
$959K -$110K -5,517 -10%
Cambridge Investment Research Advisors
52
Cambridge Investment Research Advisors
Iowa
$911K -$52.6K -2,638 -5%
CIA
53
Concurrent Investment Advisors
Florida
$862K +$54.9K +2,752 +7%
DADC
54
D.A. Davidson & Co
Montana
$860K -$329K -16,494 -28%
KPWS
55
Kestra Private Wealth Services
Texas
$829K -$50K -2,510 -6%
SG
56
StoneX Group
New York
$828K +$832K +41,711 New
OAM
57
Occidental Asset Management
California
$796K +$26.9K +1,350 +3%
TCOO
58
Trust Company of Oklahoma
Oklahoma
$752K – – –
Wealth Enhancement Advisory Services
59
Wealth Enhancement Advisory Services
Minnesota
$747K +$62.7K +3,143 +9%
AWM
60
Avaii Wealth Management
Wisconsin
$716K +$318K +15,965 +79%
IWA
61
Inspirion Wealth Advisors
Illinois
$712K -$75.8K -3,802 -10%
ACMA
62
Arbor Capital Management (Alaska)
Alaska
$705K +$20K +1,001 +3%
PFS
63
Prospera Financial Services
Texas
$699K +$60.5K +3,032 +9%
MWM
64
Modern Wealth Management
Kansas
$680K -$281K -14,077 -29%
OPOWM
65
One Plus One Wealth Management
Florida
$674K -$12K -600 -2%
RA
66
RFG Advisory
Alabama
$656K -$2.23K -112 -0.3%
PAG
67
Private Advisor Group
New Jersey
$648K +$101K +5,068 +18%
EH
68
Equitable Holdings
New York
$622K +$78.9K +3,955 +14%
MCM
69
MAI Capital Management
Ohio
$573K +$576K +28,905 New
SFS
70
Security Financial Services
Indiana
$562K -$72K -3,610 -11%
FVWA
71
Foster Victor Wealth Advisors
South Carolina
$554K +$35.8K +1,793 +7%
AA
72
Armis Advisers
Georgia
$531K +$533K +26,743 New
SCA
73
Snowden Capital Advisors
New York
$524K -$36K -1,804 -6%
PCIA
74
Prime Capital Investment Advisors
Kansas
$496K -$223K -11,160 -31%
WIA
75
World Investment Advisors
California
$476K +$479K +24,006 New
1 2
3
4 5

FSMB Hedge Fund Activity: Q4 2024 in Review

130 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q4 2024, worth a combined $341M — up 7.1% from $318M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new FSMB positions and 9 closed out — a net gain of 13 holders — while 47 added to existing stakes and 39 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.29M. The largest seller was Cetera Investment Advisers, cutting an estimated $742K.

  • 130 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q4 2024, up from 119 in Q3 2024.
  • Funds reported $341M of First Trust Short Duration Managed Municipal ETF stock for Q4 2024, up 7.1% quarter-over-quarter.
  • 22 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q4 2024 and 9 closed out, a net change of +13 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q4 2024 was Morgan Stanley, an estimated $3.29M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q4 2024 was Cetera Investment Advisers, an estimated $742K sold.

Based on aggregated 13F filings for Q4 2024.