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First Trust Short Duration Managed Municipal ETF

FSMB

Market cap $622M

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.

New

Increased

Maintained

Reduced

Closed

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%)

Holders

Holders Change

Holders Change %

+33.33%

% of All Funds

0.53%

Holding in Top 10

–

Holding in Top 10 Change

–

Holding in Top 10 Change %

–

% of All Funds

–

New

Increased

Reduced

Closed

Calls

–

Puts

–

Net Calls

–

Net Calls Change

–

Top Buyers

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

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

#	Name	Holding	Trade Value	Shares Change	Change in Stake
1	1 LPL Financial San Diego, California	$3.27M	+$3.33M	+162,646	New
2	2 Commonwealth Equity Services Waltham, Massachusetts	$3.24M	+$3.3M	+161,204	New
3	3 Janney Montgomery Scott Philadelphia, Pennsylvania	$2.28M	+$2.08M	+101,733	+862%
4	4 Osaic Holdings Scottsdale, Arizona	$1.85M	+$1.89M	+92,326	New
5	AC 5 Avestar Capital New York	$1.73M	+$218K	+10,663	+14%
6	6 Royal Bank of Canada Toronto, Ontario, Canada	$1.67M	+$1.7M	+82,941	+55,294%
7	SWP 7 Stratos Wealth Partners Beachwood, Ohio	$1.29M	+$1.31M	+64,050	New
8	AI 8 Atria Investments Charlotte, North Carolina	$809K	+$823K	+40,225	New
9	OIA 9 OneDigital Investment Advisors Overland Park, Kansas	$802K	+$816K	+39,885	New
10	10 MML Investors Services Springfield, Massachusetts	$553K	-$630K	-30,803	-53%
11	BFG 11 Barber Financial Group Lenexa, Kansas	$494K	+$503K	+24,584	New
12	LI 12 LVZ Inc Holland, Michigan	$492K	+$501K	+24,460	New
13	NFG 13 Norris Financial Group Greenville, South Carolina	$451K	+$459K	+22,427	New
14	PWP 14 Principle Wealth Partners Madison, Connecticut	$400K	+$407K	+19,880	New
15	LFG 15 Larson Financial Group St Louis, Missouri	$299K	-$96.9K	-4,733	-24%
16	CS 16 Credit Suisse Zurich, Switzerland	$275K	–	–	–
17	SCA 17 Snowden Capital Advisors New York	$221K	–	–	–
18	FEG 18 Financial Enhancement Group Anderson, Indiana	$187K	+$141K	+6,890	+287%
19	APA 19 American Portfolios Advisors Holbrook, New York	$169K	+$5.63K	+275	+3%
20	20 UBS Group Zurich, Switzerland	$21K	+$21.2K	+1,038	New
21	21 Carson Wealth (CWM LLC) Omaha, Nebraska	$20K	–	–	–
22	CIAS 22 Capital Investment Advisory Services Raleigh, North Carolina	$20K	+$20.5K	+1,000	New
23	CFGS 23 Concourse Financial Group Securities Birmingham, Alabama	$4K	+$4.09K	+200	New
24	FTUS 24 Flow Traders U.S. New York	–	-$2.44M	-119,155	Closed
25	25 Jane Street New York	–	-$1.12M	-54,599	Closed

FSMB Hedge Fund Activity: Q1 2020 in Review

24 of the 4,538 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.

First Trust Short Duration Managed Municipal ETF FSMB Market cap $622M