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First Trust Short Duration Managed Municipal ETF
FSMB

109 hedge funds and large institutions have $322M invested in First Trust Short Duration Managed Municipal ETF in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 42 increasing their positions, 32 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 12

31% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 32

3% more funds holding

Funds holding: 106 → 109 (+3)

2.45% more ownership

Funds ownership: 72.68% → 75.13% (+2.5%)

3% more capital invested

Capital invested by funds: $312M → $322M (+$9.61M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $478K

Holders
109
Holders Change
+3
Holders Change %
+2.83%
% of All Funds
1.71%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
17
Increased
42
Reduced
32
Closed
12
Calls
–
Puts
$478K
Net Calls
-$478K
Net Calls Change
-$478K

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$12.1M
2
BCI
Brinker Capital Investments
Pennsylvania
+$4.24M
3
OPS
Orion Portfolio Solutions
Nebraska
+$4.24M
4
FHC
First Heartland Consultants
Missouri
+$3.91M
5
VWA
Visionary Wealth Advisors
Illinois
+$3.64M

Top Sellers

1
LWA
LWS Wealth Advisors
New Jersey
-$10.1M
2
HighTower Advisors
HighTower Advisors
Illinois
-$7.63M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.28M
4
PSCM
Per Stirling Capital Management
Texas
-$1.91M
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
PB
101
Pinnacle Bancorp
Nebraska
$63.7K – – –
CIAS
102
Capital Investment Advisory Services
North Carolina
$53.3K -$989 -50 -2%
SIS
103
Sound Income Strategies
Florida
$40.1K +$40.2K +2,030 New
IGWM
104
ICA Group Wealth Management
Colorado
$35.5K – – –
CFD
105
Creative Financial Designs
Indiana
$14.1K +$14.1K +714 New
PTC
106
Private Trust Company
Ohio
$12.2K – – –
AF
107
Advisornet Financial
Minnesota
$8.01K – – –
FA
108
Fiduciary Alliance
South Carolina
$14 +$20 +1 New
WWMSC
109
Wagner Wealth Management (South Carolina)
South Carolina
$5 – – –
AI
110
Atria Investments
North Carolina
– -$1.67M -84,000 Closed
EFL
111
ERn Financial LLC
Wisconsin
– -$1.55M -77,981 Closed
AWM
112
AE Wealth Management
Kansas
– -$282K -14,187 Closed
AAS
113
Ameritas Advisory Services
Nebraska
– -$268K -13,510 Closed
SFS
114
Sowell Financial Services
Arkansas
– -$257K -12,920 Closed
DAS
115
Dynamic Advisor Solutions
Arizona
– -$254K -12,796 Closed
FVWA
116
Foster Victor Wealth Advisors
South Carolina
– -$238K -11,950 Closed
AFP
117
Ausdal Financial Partners
Iowa
– -$236K -11,858 Closed
TFA
118
Teamwork Financial Advisors
Texas
– -$230K -11,559 Closed
ASN
119
Advisory Services Network
Georgia
– -$228K -11,466 Closed
EWP
120
Engrave Wealth Partners
Texas
– -$225K -11,347 Closed
Carson Wealth (CWM LLC)
121
Carson Wealth (CWM LLC)
Nebraska
– -$891 -45 -83%
Fidelity Investments
122
Fidelity Investments
Massachusetts
– -$20 -1 Closed
1 2 3 4
5

FSMB Hedge Fund Activity: Q2 2023 in Review

109 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q2 2023, worth a combined $322M — up 3.1% from $312M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new FSMB positions and 12 closed out — a net gain of 5 holders — while 42 added to existing stakes and 32 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $12.1M. The largest seller was LWS Wealth Advisors, cutting an estimated $10.1M.

  • 109 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q2 2023, up from 106 in Q1 2023.
  • Funds reported $322M of First Trust Short Duration Managed Municipal ETF stock for Q2 2023, up 3.1% quarter-over-quarter.
  • 17 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q2 2023 and 12 closed out, a net change of +5 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q2 2023 was Morgan Stanley, an estimated $12.1M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q2 2023 was LWS Wealth Advisors, an estimated $10.1M sold.

Based on aggregated 13F filings for Q2 2023.