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First Trust Short Duration Managed Municipal ETF
FSMB

43 hedge funds and large institutions have $37.3M invested in First Trust Short Duration Managed Municipal ETF in 2020 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

13% more funds holding

Funds holding: 38 → 43 (+5)

13% more capital invested

Capital invested by funds: $33M → $37.3M (+$4.31M)

7% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 14

3.28% less ownership

Funds ownership: 52.43% → 49.15% (-3.3%)

Holders
43
Holders Change
+5
Holders Change %
+13.16%
% of All Funds
0.76%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
13
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NWM
Northwest Wealth Management
Iowa
+$1.88M
2
LPL Financial
LPL Financial
California
+$1.54M
3
PWP
Principle Wealth Partners
Connecticut
+$935K
4
MIAN
Mariner Independent Advisor Network
Kansas
+$765K
5
Jane Street
Jane Street
New York
+$649K

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$1.46M
2
KPWS
Kestra Private Wealth Services
Texas
-$627K
3
SWP
Stratos Wealth Partners
Ohio
-$621K
4
LA
LexAurum Advisors
Kansas
-$572K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$494K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$5.52M +$1.54M +74,329 +39%
GSC
2
G&S Capital
Colorado
$2.92M -$113K -5,463 -4%
Janney Montgomery Scott
3
Janney Montgomery Scott
Pennsylvania
$2.47M +$219K +10,591 +10%
PWP
4
Principle Wealth Partners
Connecticut
$2.3M +$935K +45,166 +69%
Commonwealth Equity Services
5
Commonwealth Equity Services
Massachusetts
$2.03M -$20.4K -986 -1%
NWM
6
Northwest Wealth Management
Iowa
$1.89M +$1.88M +90,941 New
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$1.61M -$80.1K -3,870 -5%
Osaic Holdings
8
Osaic Holdings
Arizona
$1.48M -$127K -6,141 -8%
AI
9
Atria Investments
North Carolina
$1.33M +$61.5K +2,972 +5%
CBFP
10
Cedar Brook Financial Partners
Ohio
$1.31M +$99.1K +4,787 +8%
SWP
11
Stratos Wealth Partners
Ohio
$1.29M -$621K -29,986 -33%
BFG
12
Barber Financial Group
Kansas
$1.2M +$141K +6,814 +13%
RJFSA
13
Raymond James Financial Services Advisors
Florida
$1.18M -$93.3K -4,505 -7%
DFA
14
DHJJ Financial Advisors
Illinois
$968K +$963K +46,510 New
LA
15
LexAurum Advisors
Kansas
$919K -$572K -27,627 -38%
AC
16
Avestar Capital
New York
$834K -$395K -19,069 -32%
MIAN
17
Mariner Independent Advisor Network
Kansas
$769K +$765K +36,966 New
Cambridge Investment Research Advisors
18
Cambridge Investment Research Advisors
Iowa
$759K +$98K +4,732 +15%
Jane Street
19
Jane Street
New York
$653K +$649K +31,364 New
RJA
20
Raymond James & Associates
Florida
$629K +$626K +30,232 New
KAS
21
Kestra Advisory Services
Texas
$624K +$242K +11,690 +64%
OIA
22
OneDigital Investment Advisors
Kansas
$589K -$400K -19,344 -41%
LI
23
LVZ Inc
Michigan
$509K – – –
NFG
24
Norris Financial Group
South Carolina
$476K -$8.16K -394 -2%
MSAM
25
Moloney Securities Asset Management
Missouri
$372K -$14.9K -718 -4%
1
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FSMB Hedge Fund Activity: Q4 2020 in Review

43 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q4 2020, worth a combined $37.3M — up 13% from $33M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FSMB positions and 6 closed out — a net gain of 5 holders — while 13 added to existing stakes and 14 trimmed.

The largest buyer was Northwest Wealth Management, opening a new position worth an estimated $1.88M. The largest seller was Citadel Advisors, exiting entirely with an estimated $1.46M sold.

  • 43 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q4 2020, up from 38 in Q3 2020.
  • Funds reported $37.3M of First Trust Short Duration Managed Municipal ETF stock for Q4 2020, up 13% quarter-over-quarter.
  • 11 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q4 2020 and 6 closed out, a net change of +5 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q4 2020 was Northwest Wealth Management, an estimated $1.88M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q4 2020 was Citadel Advisors, an estimated $1.46M sold.

Based on aggregated 13F filings for Q4 2020.