First Trust Short Duration Managed Municipal ETF
FSMB
13 hedge funds and large institutions have $8.59M invested in First Trust Short Duration Managed Municipal ETF in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
8% more funds holding
Funds holding: 12 → 13 (+1)
40.64% less ownership
Funds ownership: 84.77% → 44.13% (-41%)
73% less capital inflows, than outflows
Capital inflows: $2.86M | Capital outflows: $10.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
+$1.34M |
| 2 |
Avestar Capital
New York
|
+$1.02M |
| 3 |
Larson Financial Group
St Louis,
Missouri
|
+$206K |
| 4 |
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$179K |
| 5 |
Financial Enhancement Group
Anderson,
Indiana
|
+$49.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Credit Suisse
Zurich,
Switzerland
|
-$3.54M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.46M |
| 3 |
Goldman Sachs
New York
|
-$1.76M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.45M |
| 5 |
Citigroup
New York
|
-$1.33M |
FSMB Hedge Fund Activity: Q3 2019 in Review
13 of the 4,576 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q3 2019, worth a combined $8.59M — down 48% from $16.4M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FSMB positions and 3 closed out — a net gain of 1 holder — while 4 added to existing stakes and 3 trimmed.
The largest buyer was MML Investors Services, opening a new position worth an estimated $1.34M. The largest seller was Credit Suisse, cutting an estimated $3.54M.
- 13 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q3 2019, up from 12 in Q2 2019.
- Funds reported $8.59M of First Trust Short Duration Managed Municipal ETF stock for Q3 2019, down 48% quarter-over-quarter.
- 4 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q3 2019 and 3 closed out, a net change of +1 holder.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q3 2019 was MML Investors Services, an estimated $1.34M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q3 2019 was Credit Suisse, an estimated $3.54M sold.
Based on aggregated 13F filings for Q3 2019.