First Trust Short Duration Managed Municipal ETF
FSMB
120 hedge funds and large institutions have $319M invested in First Trust Short Duration Managed Municipal ETF in 2024 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 47 increasing their positions, 40 reducing their positions, and 7 closing their positions.
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
18% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 40
1% more funds holding
Funds holding: 119 → 120 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.85% less ownership
Funds ownership: 81.01% → 79.17% (-1.8%)
6% less capital invested
Capital invested by funds: $341M → $319M (-$22M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$3.98M |
| 2 |
RWB
RMR Wealth Builders
Montclair,
New Jersey
|
+$1.27M |
| 3 |
CWP
Core Wealth Partners
Santa Rosa,
California
|
+$691K |
| 4 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$642K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$588K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$26.4M |
| 2 |
Jane Street
New York
|
-$4.82M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.16M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$937K |
| 5 |
NW
Naviter Wealth
Little Rock,
Arkansas
|
-$789K |
FSMB Hedge Fund Activity: Q3 2024 in Review
120 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q3 2024, worth a combined $319M — down 6.4% from $341M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FSMB positions and 7 closed out — a net gain of 2 holders — while 47 added to existing stakes and 40 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $3.98M. The largest seller was Morgan Stanley, cutting an estimated $26.4M.
- 120 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q3 2024, up from 119 in Q2 2024.
- Funds reported $319M of First Trust Short Duration Managed Municipal ETF stock for Q3 2024, down 6.4% quarter-over-quarter.
- 9 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q3 2024 and 7 closed out, a net change of +2 holders.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q3 2024 was Raymond James Financial Services Advisors, an estimated $3.98M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q3 2024 was Morgan Stanley, an estimated $26.4M sold.
Based on aggregated 13F filings for Q3 2024.