First Trust Short Duration Managed Municipal ETF
FSMB
121 hedge funds and large institutions have $417M invested in First Trust Short Duration Managed Municipal ETF in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 41 increasing their positions, 43 reducing their positions, and 12 closing their positions.
75% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 12
38% more capital invested
Capital invested by funds: $302M → $417M (+$115M)
25.08% more ownership
Funds ownership: 76.47% → 101.55% (+25%)
8% more funds holding
Funds holding: 112 → 121 (+9)
5% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 43
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $5K
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$90.3M |
| 2 |
PP
PFS Partners
Mine Hill,
New Jersey
|
+$11.1M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
+$4.04M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4M |
| 5 |
JP Morgan Chase
New York
|
+$2.82M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NW
126
Naviter Wealth
Little Rock,
Arkansas
| – | -$587K | -30,279 | Closed |
|
|
CAG
127
Csenge Advisory Group
Clearwater,
Florida
| – | -$485K | -25,000 | Closed |
|
|
PIA
128
Panoramic Investment Advisors
Denver,
Colorado
| – | -$382K | -19,722 | Closed |
|
129
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$347K | -17,908 | Closed |
|
|
MWP
130
Meridian Wealth Partners
Exton,
Pennsylvania
| – | -$277K | -14,274 | Closed |
|
|
PVI
131
Pine Valley Investments
Marlton,
New Jersey
| – | -$271K | -13,995 | Closed |
|
|
AAS
132
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$262K | -13,510 | Closed |
|
|
AF
133
Advisornet Financial
Minnetonka,
Minnesota
| – | -$7.87K | -406 | Closed |
|
134
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$21 | -1 | Closed |
|
FSMB Hedge Fund Activity: Q4 2023 in Review
121 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q4 2023, worth a combined $417M — up 38% from $302M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FSMB positions and 12 closed out — a net gain of 9 holders — while 41 added to existing stakes and 43 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $90.3M. The largest seller was Jane Street, exiting entirely with an estimated $5.15M sold.
- 121 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q4 2023, up from 112 in Q3 2023.
- Funds reported $417M of First Trust Short Duration Managed Municipal ETF stock for Q4 2023, up 38% quarter-over-quarter.
- 21 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q4 2023 and 12 closed out, a net change of +9 holders.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q4 2023 was Morgan Stanley, an estimated $90.3M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q4 2023 was Jane Street, an estimated $5.15M sold.
Based on aggregated 13F filings for Q4 2023.