First Trust Short Duration Managed Municipal ETF
FSMB
122 hedge funds and large institutions have $331M invested in First Trust Short Duration Managed Municipal ETF in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 43 reducing their positions, and 12 closing their positions.
75% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 12
9% more capital invested
Capital invested by funds: $304M → $331M (+$27.4M)
8% more funds holding
Funds holding: 113 → 122 (+9)
3.75% more ownership
Funds ownership: 76.85% → 80.6% (+3.8%)
2% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 43
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $5K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PP
PFS Partners
Mine Hill,
New Jersey
|
+$11.1M |
| 2 |
Morgan Stanley
New York
|
+$4.16M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
+$4.04M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4M |
| 5 |
JP Morgan Chase
New York
|
+$2.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$5.15M |
| 2 |
GVAG
Great Valley Advisor Group
Wilmington,
Delaware
|
-$3.46M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.85M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.71M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$2.47M |
FSMB Hedge Fund Activity: Q4 2023 in Review
122 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q4 2023, worth a combined $331M — up 9% from $304M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FSMB positions and 12 closed out — a net gain of 9 holders — while 42 added to existing stakes and 43 trimmed.
The largest buyer was PFS Partners, adding an estimated $11.1M. The largest seller was Jane Street, exiting entirely with an estimated $5.15M sold.
- 122 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q4 2023, up from 113 in Q3 2023.
- Funds reported $331M of First Trust Short Duration Managed Municipal ETF stock for Q4 2023, up 9% quarter-over-quarter.
- 21 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q4 2023 and 12 closed out, a net change of +9 holders.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q4 2023 was PFS Partners, an estimated $11.1M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q4 2023 was Jane Street, an estimated $5.15M sold.
Based on aggregated 13F filings for Q4 2023.