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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
GA
76
GSG Advisors
New Jersey
$401K +$2.69K +135 +0.7%
IFG
77
Independent Financial Group
California
$399K -$239K -12,011 -37%
LCM
78
Lunt Capital Management
Utah
$386K – – –
Susquehanna International Group
79
Susquehanna International Group
Pennsylvania
$364K -$1.54M -77,406 -81%
SW
80
Simplicity Wealth
New Jersey
$362K +$363K +18,232 New
HI
81
Harbour Investments
Wisconsin
$348K -$6.9K -347 -2%
AWA
82
Alta Wealth Advisors
Massachusetts
$342K -$4.67K -235 -1%
CAN
83
Cetera Advisor Networks
California
$331K -$145K -7,301 -30%
CIA
84
Concurrent Investment Advisors
Florida
$318K – – –
SWP
85
Summit Wealth Partners
Florida
$315K – – –
CCA
86
Clearwater Capital Advisors
Illinois
$298K – – –
IWM
87
Iams Wealth Management
Nebraska
$285K +$24.1K +1,210 +9%
Pathstone Holdings
88
Pathstone Holdings
New Jersey
$283K – – –
CWM
89
Castle Wealth Management
Florida
$282K -$11.2K -564 -4%
NGA
90
Naples Global Advisors
Florida
$268K – – –
SF
91
Synovus Financial
Georgia
$254K +$254K +12,787 New
CCM
92
Chilton Capital Management
Texas
$247K – – –
KWS
93
Keystone Wealth Services
California
$228K – – –
OIA
94
OneDigital Investment Advisors
Kansas
$222K -$9.71K -488 -4%
SPC
95
Sigma Planning Corp
Michigan
$217K -$54.8K -2,754 -20%
Thrivent Financial for Lutherans
96
Thrivent Financial for Lutherans
Minnesota
$215K +$215K +10,829 New
AFP
97
Ausdal Financial Partners
Iowa
$215K +$215K +10,818 New
Truist Financial
98
Truist Financial
North Carolina
$213K +$214K +10,761 New
MLRA
99
Main Line Retirement Advisors
Montana
$208K +$1.81K +91 +0.9%
CIAS
100
Capital Investment Advisory Services
North Carolina
$204K +$92.6K +4,653 +82%
2 3
4
5 6

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.