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First Trust Short Duration Managed Municipal ETF
FSMB

74 hedge funds and large institutions have $115M invested in First Trust Short Duration Managed Municipal ETF in 2021 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 28 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

229% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 7

56% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 18

38% more capital invested

Capital invested by funds: $83.8M → $115M (+$31.5M)

28% more funds holding

Funds holding: 58 → 74 (+16)

6.92% more ownership

Funds ownership: 54.63% → 61.55% (+6.9%)

Holders
74
Holders Change
+16
Holders Change %
+27.59%
% of All Funds
1.14%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
23
Increased
28
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$12.6M
2
HighTower Advisors
HighTower Advisors
Illinois
+$5.27M
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$1.9M
4
LPL Financial
LPL Financial
California
+$1.76M
5
Jane Street
Jane Street
New York
+$1.49M

Top Sellers

1
CAN
Cetera Advisor Networks
California
-$1.84M
2
MIAN
Mariner Independent Advisor Network
Kansas
-$884K
3
FTUS
Flow Traders U.S.
New York
-$773K
4
LA
LexAurum Advisors
Kansas
-$731K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$719K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$17.9M +$12.6M +603,112 +234%
HighTower Advisors
2
HighTower Advisors
Illinois
$14.6M +$5.27M +252,985 +56%
LPL Financial
3
LPL Financial
California
$11.9M +$1.76M +84,370 +17%
PWP
4
Principle Wealth Partners
Connecticut
$5.97M +$415K +19,912 +7%
CCM
5
Condor Capital Management
New Jersey
$4.82M +$781K +37,488 +19%
KAS
6
Kestra Advisory Services
Texas
$3.89M +$266K +12,744 +7%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$2.9M +$565K +27,122 +24%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$2.81M -$719K -34,468 -20%
HW
9
Hedeker Wealth
Illinois
$2.65M +$175K +8,414 +7%
Osaic Holdings
10
Osaic Holdings
Arizona
$2.62M +$207K +9,932 +9%
Cetera Investment Advisers
11
Cetera Investment Advisers
Illinois
$2.62M +$1.9M +91,360 +265%
Janney Montgomery Scott
12
Janney Montgomery Scott
Pennsylvania
$2.57M +$592K +28,391 +30%
RJA
13
Raymond James & Associates
Florida
$2.45M +$118K +5,651 +5%
SPI
14
Sutton Place Investors
New York
$2.43M +$2.43M +116,780 New
AI
15
Atria Investments
North Carolina
$2.36M +$324K +15,523 +16%
RJFSA
16
Raymond James Financial Services Advisors
Florida
$2.25M -$68.9K -3,306 -3%
BFG
17
Barber Financial Group
Kansas
$2.25M -$112K -5,389 -5%
FPWM
18
FSB Premier Wealth Management
Iowa
$1.64M -$17.5K -840 -1%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$1.59M +$106K +5,075 +7%
Jane Street
20
Jane Street
New York
$1.49M +$1.49M +71,577 New
SCA
21
Snowden Capital Advisors
New York
$1.46M +$1.46M +70,270 New
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$1.44M +$482K +23,101 +50%
NWM
23
Northwest Wealth Management
Iowa
$1.29M +$50K +2,400 +4%
DFA
24
DHJJ Financial Advisors
Illinois
$1.01M -$14.9K -717 -1%
SWP
25
Stratos Wealth Partners
Ohio
$871K -$671K -32,207 -43%
1
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FSMB Hedge Fund Activity: Q4 2021 in Review

74 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q4 2021, worth a combined $115M — up 38% from $83.8M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new FSMB positions and 7 closed out — a net gain of 16 holders — while 28 added to existing stakes and 18 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $12.6M. The largest seller was Cetera Advisor Networks, cutting an estimated $1.84M.

  • 74 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q4 2021, up from 58 in Q3 2021.
  • Funds reported $115M of First Trust Short Duration Managed Municipal ETF stock for Q4 2021, up 38% quarter-over-quarter.
  • 23 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q4 2021 and 7 closed out, a net change of +16 holders.
  • The largest First Trust Short Duration Managed Municipal ETF buyer in Q4 2021 was Morgan Stanley, an estimated $12.6M added.
  • The largest First Trust Short Duration Managed Municipal ETF seller in Q4 2021 was Cetera Advisor Networks, an estimated $1.84M sold.

Based on aggregated 13F filings for Q4 2021.