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First Trust Short Duration Managed Municipal ETF
FSMB

130 hedge funds and large institutions have $341M invested in First Trust Short Duration Managed Municipal ETF in 2024 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 47 increasing their positions, 39 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

144% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 9

21% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 39

9% more funds holding

Funds holding: 119 → 130 (+11)

7% more capital invested

Capital invested by funds: $318M → $341M (+$22.7M)

0.63% more ownership

Funds ownership: 79% → 79.63% (+0.63%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
130
Holders Change
+11
Holders Change %
+9.24%
% of All Funds
1.71%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
22
Increased
47
Reduced
39
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$3.29M
2
LPL Financial
LPL Financial
California
+$2.77M
3
SFS
Sowell Financial Services
Arkansas
+$2.32M
4
PP
PFS Partners
New Jersey
+$2.21M
5
IAA
Independent Advisor Alliance
North Carolina
+$1.75M

Top Sellers

1
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$742K
2
KAS
Kestra Advisory Services
Texas
-$532K
3
BCI
Brinker Capital Investments
Pennsylvania
-$496K
4
OPS
Orion Portfolio Solutions
Nebraska
-$496K
5
Stifel Financial
Stifel Financial
Missouri
-$464K
Name Holding Trade Value Shares
Change 		Change in
Stake
T
126
Tidemark
California
$18.5K – – –
PTC
127
Private Trust Company
Ohio
$12.2K – – –
GA
128
GoalVest Advisory
New York
$10.2K – – –
TCM
129
TD Capital Management
Tennessee
$5.02K +$5.04K +253 New
NS
130
NBC Securities
Alabama
$111 -$71.3K -3,576 -100%
HCA
131
Heck Capital Advisors
Wisconsin
$10 – – –
FTUS
132
Flow Traders U.S.
New York
– -$297K -14,830 Closed
Pathstone Holdings
133
Pathstone Holdings
New Jersey
– -$286K -14,274 Closed
SW
134
Simplicity Wealth
New Jersey
– -$282K -14,116 Closed
SF
135
Synovus Financial
Georgia
– -$257K -12,853 Closed
Susquehanna International Group
136
Susquehanna International Group
Pennsylvania
– -$236K -11,788 Closed
FHA
137
First Horizon Advisors
Tennessee
– -$219K -10,928 Closed
IA
138
IFG Advisory
Georgia
– -$205K -10,253 Closed
HGERS
139
Householder Group Estate & Retirement Specialist
Arizona
– -$70K -3,502 Closed
NFA
140
Northwest Financial Advisors
Virginia
– -$20.2K -1,010 Closed
2 3 4 5
6

FSMB Hedge Fund Activity: Q4 2024 in Review

130 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q4 2024, worth a combined $341M — up 7.1% from $318M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new FSMB positions and 9 closed out — a net gain of 13 holders — while 47 added to existing stakes and 39 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.29M. The largest seller was Cetera Investment Advisers, cutting an estimated $742K.

  • 130 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q4 2024, up from 119 in Q3 2024.
  • Funds reported $341M of First Trust Short Duration Managed Municipal ETF stock for Q4 2024, up 7.1% quarter-over-quarter.
  • 22 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q4 2024 and 9 closed out, a net change of +13 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q4 2024 was Morgan Stanley, an estimated $3.29M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q4 2024 was Cetera Investment Advisers, an estimated $742K sold.

Based on aggregated 13F filings for Q4 2024.