First Trust Short Duration Managed Municipal ETF
FSMB
130 hedge funds and large institutions have $379M invested in First Trust Short Duration Managed Municipal ETF in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 49 increasing their positions, 38 reducing their positions, and 13 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 38
5% more capital invested
Capital invested by funds: $361M → $379M (+$17.5M)
0.85% more ownership
Funds ownership: 81.17% → 82.02% (+0.85%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 13
1% less funds holding
Funds holding: 131 → 130 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$11.2M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.09M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.98M |
| 4 |
JP Morgan Chase
New York
|
+$1.55M |
| 5 |
AF
Allworth Financial
Folsom,
California
|
+$1.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PGFC
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
|
-$3.59M |
| 2 |
MML Investors Services
Springfield,
Massachusetts
|
-$1.5M |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$1.33M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.29M |
| 5 |
HW
Hedeker Wealth
Lincolnshire,
Illinois
|
-$864K |
FSMB Hedge Fund Activity: Q2 2025 in Review
130 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q2 2025, worth a combined $379M — up 4.9% from $361M a quarter earlier.
Fund positioning in FSMB was balanced in Q2 2025: 13 funds opened new positions, 13 closed out, 49 added to existing stakes and 38 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $11.2M. The largest seller was Peapack-Gladstone Financial Corp, exiting entirely with an estimated $3.59M sold.
- 130 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q2 2025, down from 131 in Q1 2025.
- Funds reported $379M of First Trust Short Duration Managed Municipal ETF stock for Q2 2025, up 4.9% quarter-over-quarter.
- 13 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q2 2025 and 13 closed out, a net change of 0 holders.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q2 2025 was Morgan Stanley, an estimated $11.2M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q2 2025 was Peapack-Gladstone Financial Corp, an estimated $3.59M sold.
Based on aggregated 13F filings for Q2 2025.