First Trust Short Duration Managed Municipal ETF
FSMB
12 hedge funds and large institutions have $19M invested in First Trust Short Duration Managed Municipal ETF in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 1 increasing their positions, 4 reducing their positions, and closing their positions.
71% more funds holding
Funds holding: 7 → 12 (+5)
5% less capital invested
Capital invested by funds: $19.9M → $19M (-$930K)
5.05% less ownership
Funds ownership: 98.74% → 93.69% (-5.1%)
75% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$753K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$662K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$200K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$25.3K |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$19.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.4M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$734K |
| 3 |
Goldman Sachs
New York
|
-$484K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$68.7K |
FSMB Hedge Fund Activity: Q1 2019 in Review
12 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q1 2019, worth a combined $19M — down 4.7% from $19.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FSMB positions and 0 closed out — a net gain of 5 holders — while 1 added to existing stakes and 4 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $753K. The largest seller was Royal Bank of Canada, cutting an estimated $1.4M.
- 12 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q1 2019, up from 7 in Q4 2018.
- Funds reported $19M of First Trust Short Duration Managed Municipal ETF stock for Q1 2019, down 4.7% quarter-over-quarter.
- 5 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q1 2019 and 0 closed out, a net change of +5 holders.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q1 2019 was Jane Street, an estimated $753K added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q1 2019 was Royal Bank of Canada, an estimated $1.4M sold.
Based on aggregated 13F filings for Q1 2019.