First Trust Short Duration Managed Municipal ETF
FSMB
70 hedge funds and large institutions have $164M invested in First Trust Short Duration Managed Municipal ETF in 2022 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 22 reducing their positions, and 14 closing their positions.
42% more capital invested
Capital invested by funds: $115M → $164M (+$48.8M)
36% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 22
4.75% more ownership
Funds ownership: 61.55% → 66.3% (+4.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 74 → 70 (-4)
21% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 14
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$31.9M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$13M |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$2.26M |
| 4 |
LPL Financial
San Diego,
California
|
+$2.18M |
| 5 |
SCA
Snowden Capital Advisors
New York
|
+$1.25M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
76
Norris Financial Group
Greenville,
South Carolina
| – | -$223K | -10,714 | Closed |
|
77
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$218K | -10,465 | Closed |
|
|
MTWM
78
Masso Torrence Wealth Management
Marlton,
New Jersey
| – | -$167K | -8,033 | Closed |
|
|
TCWM
79
Total Clarity Wealth Management
St. Charles,
Illinois
| – | -$156K | -7,500 | Closed |
|
|
CWS
80
Confluence Wealth Services
Mcmurray,
Pennsylvania
| – | -$119K | -5,760 | Closed |
|
|
FCMA
81
Foresight Capital Management Advisors
Saline,
Michigan
| – | -$65K | -3,112 | Closed |
|
82
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$20K | -959 | Closed |
|
|
CFGS
83
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$4.09K | -200 | Closed |
|
84
Wells Fargo
San Francisco,
California
| – | -$20 | -1 | -50% |
|
FSMB Hedge Fund Activity: Q1 2022 in Review
70 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q1 2022, worth a combined $164M — up 42% from $115M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FSMB and 11 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 30 added.
The largest buyer was Morgan Stanley, adding an estimated $31.9M. The largest seller was Northwest Wealth Management, cutting an estimated $1.02M.
- 70 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q1 2022, down from 74 in Q4 2021.
- Funds reported $164M of First Trust Short Duration Managed Municipal ETF stock for Q1 2022, up 42% quarter-over-quarter.
- 11 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q1 2022 and 14 closed out, a net change of -3 holders.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q1 2022 was Morgan Stanley, an estimated $31.9M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q1 2022 was Northwest Wealth Management, an estimated $1.02M sold.
Based on aggregated 13F filings for Q1 2022.