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First Trust Short Duration Managed Municipal ETF
FSMB

38 hedge funds and large institutions have $33M invested in First Trust Short Duration Managed Municipal ETF in 2020 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 3

23% more funds holding

Funds holding: 31 → 38 (+7)

20% more capital invested

Capital invested by funds: $27.5M → $33M (+$5.48M)

9% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 11

4.68% less ownership

Funds ownership: 57.11% → 52.43% (-4.7%)

Holders
38
Holders Change
+7
Holders Change %
+22.58%
% of All Funds
0.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
10
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GSC
G&S Capital
Colorado
+$3.01M
2
Citadel Advisors
Citadel Advisors
Florida
+$1.46M
3
AI
Atria Investments
North Carolina
+$1.26M
4
PWP
Principle Wealth Partners
Connecticut
+$934K
5
CBFP
Cedar Brook Financial Partners
Ohio
+$842K

Top Sellers

1
Jane Street
Jane Street
New York
-$2.05M
2
LA
LexAurum Advisors
Kansas
-$1.02M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$599K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$380K
5
CS
Credit Suisse
Switzerland
-$281K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$3.94M +$330K +16,000 +9%
GSC
2
G&S Capital
Colorado
$3.01M +$3.01M +145,740 New
Janney Montgomery Scott
3
Janney Montgomery Scott
Pennsylvania
$2.23M -$170K -8,256 -7%
Commonwealth Equity Services
4
Commonwealth Equity Services
Massachusetts
$2.03M -$599K -29,020 -23%
SWP
5
Stratos Wealth Partners
Ohio
$1.9M +$220K +10,676 +13%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$1.68M -$380K -18,387 -18%
Osaic Holdings
7
Osaic Holdings
Arizona
$1.58M +$72.3K +3,500 +5%
LA
8
LexAurum Advisors
Kansas
$1.48M -$1.02M -49,589 -41%
Citadel Advisors
9
Citadel Advisors
Florida
$1.46M +$1.46M +70,738 New
PWP
10
Principle Wealth Partners
Connecticut
$1.35M +$934K +45,254 +227%
RJFSA
11
Raymond James Financial Services Advisors
Florida
$1.26M +$302K +14,645 +32%
AI
12
Atria Investments
North Carolina
$1.26M +$1.26M +61,058 New
AC
13
Avestar Capital
New York
$1.22M -$232K -11,221 -16%
CBFP
14
Cedar Brook Financial Partners
Ohio
$1.2M +$842K +40,806 +235%
BFG
15
Barber Financial Group
Kansas
$1.05M +$229K +11,074 +28%
OIA
16
OneDigital Investment Advisors
Kansas
$984K -$7.27K -352 -0.7%
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$656K +$74.5K +3,607 +13%
KPWS
18
Kestra Private Wealth Services
Texas
$627K +$627K +30,356 New
LI
19
LVZ Inc
Michigan
$505K – – –
Susquehanna International Group
20
Susquehanna International Group
Pennsylvania
$494K +$494K +23,921 New
NFG
21
Norris Financial Group
South Carolina
$481K +$40.2K +1,948 +9%
MSAM
22
Moloney Securities Asset Management
Missouri
$384K -$537 -26 -0.1%
KAS
23
Kestra Advisory Services
Texas
$378K +$378K +18,333 New
FTUS
24
Flow Traders U.S.
New York
$311K -$152K -7,386 -33%
AFP
25
Ausdal Financial Partners
Iowa
$290K +$290K +14,027 New
1
2

FSMB Hedge Fund Activity: Q3 2020 in Review

38 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q3 2020, worth a combined $33M — up 20% from $27.5M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FSMB positions and 3 closed out — a net gain of 7 holders — while 10 added to existing stakes and 11 trimmed.

The largest buyer was G&S Capital, opening a new position worth an estimated $3.01M. The largest seller was Jane Street, exiting entirely with an estimated $2.05M sold.

  • 38 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q3 2020, up from 31 in Q2 2020.
  • Funds reported $33M of First Trust Short Duration Managed Municipal ETF stock for Q3 2020, up 20% quarter-over-quarter.
  • 10 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q3 2020 and 3 closed out, a net change of +7 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q3 2020 was G&S Capital, an estimated $3.01M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q3 2020 was Jane Street, an estimated $2.05M sold.

Based on aggregated 13F filings for Q3 2020.