First Trust Short Duration Managed Municipal ETF
FSMB
107 hedge funds and large institutions have $315M invested in First Trust Short Duration Managed Municipal ETF in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 35 reducing their positions, and 15 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 35
6% more capital invested
Capital invested by funds: $297M → $315M (+$18M)
0.4% more ownership
Funds ownership: 72.65% → 73.05% (+0.4%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 15
2% less funds holding
Funds holding: 109 → 107 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$13M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$5.7M |
| 3 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
+$4.74M |
| 4 |
LPL Financial
San Diego,
California
|
+$4.05M |
| 5 |
GVAG
Great Valley Advisor Group
Wilmington,
Delaware
|
+$1.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LWA
LWS Wealth Advisors
Basking Ridge,
New Jersey
|
-$10.6M |
| 2 |
Jane Street
New York
|
-$4.2M |
| 3 |
PSCM
Per Stirling Capital Management
Austin,
Texas
|
-$2.47M |
| 4 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$1.7M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.3M |
FSMB Hedge Fund Activity: Q1 2023 in Review
107 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q1 2023, worth a combined $315M — up 6.1% from $297M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FSMB and 14 opened new positions — a net loss of 1 holder — while 35 trimmed existing stakes and 43 added.
The largest buyer was Morgan Stanley, adding an estimated $13M. The largest seller was LWS Wealth Advisors, cutting an estimated $10.6M.
- 107 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q1 2023, down from 109 in Q4 2022.
- Funds reported $315M of First Trust Short Duration Managed Municipal ETF stock for Q1 2023, up 6.1% quarter-over-quarter.
- 14 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q1 2023 and 15 closed out, a net change of -1 holder.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q1 2023 was Morgan Stanley, an estimated $13M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q1 2023 was LWS Wealth Advisors, an estimated $10.6M sold.
Based on aggregated 13F filings for Q1 2023.