First Trust Short Duration Managed Municipal ETF
FSMB
99 hedge funds and large institutions have $249M invested in First Trust Short Duration Managed Municipal ETF in 2022 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 38 increasing their positions, 27 reducing their positions, and 8 closing their positions.
235% more capital inflows, than outflows
Capital inflows: $89M | Capital outflows: $26.6M
150% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 8
41% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 27
14% more funds holding
Funds holding: 87 → 99 (+12)
4.85% more ownership
Funds ownership: 66.94% → 71.79% (+4.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LWA
LWS Wealth Advisors
Basking Ridge,
New Jersey
|
+$30.3M |
| 2 |
Morgan Stanley
New York
|
+$20.1M |
| 3 |
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$6.57M |
| 4 |
TruWealth Advisors
Metairie,
Louisiana
|
+$6.19M |
| 5 |
RMR Wealth Builders
Montclair,
New Jersey
|
+$2.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$9.6M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$4.1M |
| 3 |
Jane Street
New York
|
-$2.02M |
| 4 |
KMWM
Keudell/Morrison Wealth Management
Salem,
Oregon
|
-$2.01M |
| 5 |
SCA
Snowden Capital Advisors
New York
|
-$1.48M |
FSMB Hedge Fund Activity: Q3 2022 in Review
99 of the 5,831 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q3 2022, worth a combined $249M — up 30% from $191M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new FSMB positions and 8 closed out — a net gain of 12 holders — while 38 added to existing stakes and 27 trimmed.
The largest buyer was LWS Wealth Advisors, opening a new position worth an estimated $30.3M. The largest seller was HighTower Advisors, cutting an estimated $9.6M.
- 99 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q3 2022, up from 87 in Q2 2022.
- Funds reported $249M of First Trust Short Duration Managed Municipal ETF stock for Q3 2022, up 30% quarter-over-quarter.
- 20 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q3 2022 and 8 closed out, a net change of +12 holders.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q3 2022 was LWS Wealth Advisors, an estimated $30.3M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q3 2022 was HighTower Advisors, an estimated $9.6M sold.
Based on aggregated 13F filings for Q3 2022.