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First Trust Short Duration Managed Municipal ETF
FSMB

87 hedge funds and large institutions have $191M invested in First Trust Short Duration Managed Municipal ETF in 2022 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

243% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 7

24% more funds holding

Funds holding: 70 → 87 (+17)

17% more capital invested

Capital invested by funds: $164M → $191M (+$27.3M)

13% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 24

0.64% more ownership

Funds ownership: 66.3% → 66.94% (+0.64%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
87
Holders Change
+17
Holders Change %
+24.29%
% of All Funds
1.47%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
24
Increased
27
Reduced
24
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$10.3M
2
HighTower Advisors
HighTower Advisors
Illinois
+$9.62M
3
KMWM
Keudell/Morrison Wealth Management
Oregon
+$3.64M
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$3.59M
5
UBS Group
UBS Group
Switzerland
+$3.14M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$17.9M
2
CCM
Condor Capital Management
New Jersey
-$4.32M
3
SPI
Sutton Place Investors
New York
-$1.99M
4
PWP
Principle Wealth Partners
Connecticut
-$1.25M
5
LWMNY
Landmark Wealth Management (New York)
New York
-$641K
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
76
Rockefeller Capital Management
New York
$198K +$199K +10,000 New
FEG
77
Financial Enhancement Group
Indiana
$184K – – –
APA
78
American Portfolios Advisors
New York
$152K -$13.8K -692 -8%
TCWM
79
Total Clarity Wealth Management
Illinois
$149K +$149K +7,500 New
LFG
80
Larson Financial Group
Missouri
$100K -$11.5K -580 -10%
VRM
81
Vectors Research Management
New York
$76K -$99 -5 -0.1%
RCM
82
Raleigh Capital Management
North Carolina
$53K -$107K -5,357 -67%
CIAS
83
Capital Investment Advisory Services
North Carolina
$40K – – –
GWM
84
Geneos Wealth Management
Colorado
$19K – – –
AF
85
Advisornet Financial
Minnesota
$8K – – –
HI
86
Harbour Investments
Wisconsin
$4K +$3.8K +191 New
LWMNY
87
Landmark Wealth Management (New York)
New York
– -$641K -60,796 Closed
William Blair & Company
88
William Blair & Company
Illinois
– -$537K -26,750 Closed
MSFS
89
Main Street Financial Solutions
Pennsylvania
– -$478K -23,800 Closed
TAM
90
Tucker Asset Management
Colorado
– -$333K -16,559 Closed
NWM
91
Northwest Wealth Management
Iowa
– -$236K -11,750 Closed
EFS
92
Econ Financial Services
Pennsylvania
– -$188K -9,378 Closed
Fidelity Investments
93
Fidelity Investments
Massachusetts
– -$19K -960 Closed
1 2 3
4

FSMB Hedge Fund Activity: Q2 2022 in Review

87 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q2 2022, worth a combined $191M — up 17% from $164M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new FSMB positions and 7 closed out — a net gain of 17 holders — while 27 added to existing stakes and 24 trimmed.

The largest buyer was LPL Financial, adding an estimated $10.3M. The largest seller was Morgan Stanley, cutting an estimated $17.9M.

  • 87 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q2 2022, up from 70 in Q1 2022.
  • Funds reported $191M of First Trust Short Duration Managed Municipal ETF stock for Q2 2022, up 17% quarter-over-quarter.
  • 24 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q2 2022 and 7 closed out, a net change of +17 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q2 2022 was LPL Financial, an estimated $10.3M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q2 2022 was Morgan Stanley, an estimated $17.9M sold.

Based on aggregated 13F filings for Q2 2022.