First Trust Short Duration Managed Municipal ETF
FSMB
110 hedge funds and large institutions have $323M invested in First Trust Short Duration Managed Municipal ETF in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 43 increasing their positions, 32 reducing their positions, and 12 closing their positions.
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
34% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 32
3% more funds holding
Funds holding: 107 → 110 (+3)
2.46% more ownership
Funds ownership: 73.05% → 75.51% (+2.5%)
3% more capital invested
Capital invested by funds: $315M → $323M (+$8.29M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $478K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$12.1M |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$4.24M |
| 3 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
+$4.24M |
| 4 |
FHC
First Heartland Consultants
Lake St. Louis,
Missouri
|
+$3.91M |
| 5 |
VWA
Visionary Wealth Advisors
O'fallon,
Illinois
|
+$3.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LWA
LWS Wealth Advisors
Basking Ridge,
New Jersey
|
-$10.1M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$7.63M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.28M |
| 4 |
PSCM
Per Stirling Capital Management
Austin,
Texas
|
-$1.91M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.72M |
FSMB Hedge Fund Activity: Q2 2023 in Review
110 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q2 2023, worth a combined $323M — up 2.6% from $315M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FSMB positions and 12 closed out — a net gain of 5 holders — while 43 added to existing stakes and 32 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $12.1M. The largest seller was LWS Wealth Advisors, cutting an estimated $10.1M.
- 110 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q2 2023, up from 107 in Q1 2023.
- Funds reported $323M of First Trust Short Duration Managed Municipal ETF stock for Q2 2023, up 2.6% quarter-over-quarter.
- 17 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q2 2023 and 12 closed out, a net change of +5 holders.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q2 2023 was Morgan Stanley, an estimated $12.1M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q2 2023 was LWS Wealth Advisors, an estimated $10.1M sold.
Based on aggregated 13F filings for Q2 2023.