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.
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
72% more capital inflows, than outflows
Capital inflows: $9.6M | Capital outflows: $5.61M
13% more funds holding
Funds holding: 38 → 43 (+5)
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwest Wealth Management
Spencer,
Iowa
|
+$1.88M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.54M |
| 3 |
Principle Wealth Partners
Madison,
Connecticut
|
+$935K |
| 4 |
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$765K |
| 5 |
Jane Street
New York
|
+$649K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$1.46M |
| 2 |
Kestra Private Wealth Services
Austin,
Texas
|
-$627K |
| 3 |
Stratos Wealth Partners
Beachwood,
Ohio
|
-$621K |
| 4 |
LexAurum Advisors
Overland Park,
Kansas
|
-$572K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$494K |
FSMB Hedge Fund Activity: Q4 2020 in Review
43 of the 5,678 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.