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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.

New
Increased
Maintained
Reduced
Closed

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%)

48% less capital invested

Capital invested by funds: $16.4M → $8.59M (-$7.84M)

Holders
13
Holders Change
+1
Holders Change %
+8.33%
% of All Funds
0.29%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
4
Reduced
3
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MML Investors Services
MML Investors Services
Massachusetts
+$1.34M
2
AC
Avestar Capital
New York
+$1.02M
3
LFG
Larson Financial Group
Missouri
+$206K
4
LTFS
Ladenburg Thalmann Financial Services
Florida
+$179K
5
FEG
Financial Enhancement Group
Indiana
+$49.2K

Top Sellers

1
CS
Credit Suisse
Switzerland
-$3.54M
2
Deutsche Bank
Deutsche Bank
Germany
-$2.46M
3
Goldman Sachs
Goldman Sachs
New York
-$1.76M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.45M
5
Citigroup
Citigroup
New York
-$1.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
1
Citigroup
New York
$2.77M -$1.33M -65,000 -33%
Goldman Sachs
2
Goldman Sachs
New York
$1.84M -$1.76M -86,000 -49%
MML Investors Services
3
MML Investors Services
Massachusetts
$1.34M +$1.34M +65,407 New
AC
4
Avestar Capital
New York
$1.02M +$1.02M +50,000 New
Jane Street
5
Jane Street
New York
$311K +$20.8K +1,014 +7%
CS
6
Credit Suisse
Switzerland
$294K -$3.54M -172,976 -92%
LTFS
7
Ladenburg Thalmann Financial Services
Florida
$284K +$179K +8,719 +170%
Janney Montgomery Scott
8
Janney Montgomery Scott
Pennsylvania
$223K +$20.5K +1,000 +10%
LFG
9
Larson Financial Group
Missouri
$206K +$206K +10,037 New
WC
10
Whitnell & Co
Illinois
$203K – – –
FEG
11
Financial Enhancement Group
Indiana
$49K +$49.2K +2,400 New
APA
12
American Portfolios Advisors
New York
$23.4K +$21.3K +1,040 +1,020%
Carson Wealth (CWM LLC)
13
Carson Wealth (CWM LLC)
Nebraska
$20K – – –
Deutsche Bank
14
Deutsche Bank
Germany
– -$2.46M -120,700 Closed
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
– -$1.45M -71,191 Closed
LI
16
LVZ Inc
Michigan
– -$201K -9,840 Closed

FSMB Hedge Fund Activity: Q3 2019 in Review

13 of the 4,560 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.