First Trust Short Duration Managed Municipal ETF
FSMB
24 hedge funds and large institutions have $20.5M invested in First Trust Short Duration Managed Municipal ETF in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
107% more capital invested
Capital invested by funds: $9.93M → $20.5M (+$10.6M)
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
33% more funds holding
Funds holding: 18 → 24 (+6)
11.61% more ownership
Funds ownership: 42.21% → 53.81% (+12%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$3.33M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$3.3M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$2.08M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.7M |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
-$2.44M |
| 2 |
Jane Street
New York
|
-$1.12M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$630K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$208K |
| 5 |
TCWM
Total Clarity Wealth Management
St. Charles,
Illinois
|
-$194K |
FSMB Hedge Fund Activity: Q1 2020 in Review
24 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q1 2020, worth a combined $20.5M — up 107% from $9.93M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FSMB positions and 4 closed out — a net gain of 9 holders — while 5 added to existing stakes and 3 trimmed.
The largest buyer was LPL Financial, opening a new position worth an estimated $3.33M. The largest seller was Flow Traders U.S., exiting entirely with an estimated $2.44M sold.
- 24 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q1 2020, up from 18 in Q4 2019.
- Funds reported $20.5M of First Trust Short Duration Managed Municipal ETF stock for Q1 2020, up 107% quarter-over-quarter.
- 13 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q1 2020 and 4 closed out, a net change of +9 holders.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q1 2020 was LPL Financial, an estimated $3.33M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q1 2020 was Flow Traders U.S., an estimated $2.44M sold.
Based on aggregated 13F filings for Q1 2020.