First Trust Short Duration Managed Municipal ETF
FSMB
131 hedge funds and large institutions have $361M invested in First Trust Short Duration Managed Municipal ETF in 2025 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 51 increasing their positions, 48 reducing their positions, and 10 closing their positions.
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
6% more capital invested
Capital invested by funds: $341M → $361M (+$20M)
1.55% more ownership
Funds ownership: 79.63% → 81.17% (+1.5%)
6% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 48
1% more funds holding
Funds holding: 130 → 131 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| 1 |
Rockefeller Capital Management
New York
|
+$6.77M |
| 2 |
PGFC
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
|
+$3.59M |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$3.52M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$2.68M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$2.53M |
Top Sellers
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$1.78M |
| 2 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$1.75M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.64M |
| 4 |
Goldman Sachs
New York
|
-$1.26M |
| 5 |
VWA
Visionary Wealth Advisors
O'fallon,
Illinois
|
-$1.18M |
FSMB Hedge Fund Activity: Q1 2025 in Review
131 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q1 2025, worth a combined $361M — up 5.9% from $341M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FSMB positions and 10 closed out — a net gain of 1 holder — while 51 added to existing stakes and 48 trimmed.
The largest buyer was Rockefeller Capital Management, adding an estimated $6.77M. The largest seller was Kestra Advisory Services, cutting an estimated $1.78M.
- 131 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q1 2025, up from 130 in Q4 2024.
- Funds reported $361M of First Trust Short Duration Managed Municipal ETF stock for Q1 2025, up 5.9% quarter-over-quarter.
- 11 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q1 2025 and 10 closed out, a net change of +1 holder.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q1 2025 was Rockefeller Capital Management, an estimated $6.77M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q1 2025 was Kestra Advisory Services, an estimated $1.78M sold.
Based on aggregated 13F filings for Q1 2025.