First Trust Short Duration Managed Municipal ETF
FSMB
129 hedge funds and large institutions have $370M invested in First Trust Short Duration Managed Municipal ETF in 2025 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 55 increasing their positions, 33 reducing their positions, and 12 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 33
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
1% less funds holding
Funds holding: 130 → 129 (-1)
0.86% less ownership
Funds ownership: 82.02% → 81.16% (-0.86%)
2% less capital invested
Capital invested by funds: $379M → $370M (-$9.09M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Corient Private Wealth
Miami,
Florida
|
+$23.8M |
| 2 |
Morgan Stanley
New York
|
+$4.85M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.71M |
| 4 |
GWP
Gateway Wealth Partners
Appleton,
Wisconsin
|
+$2.09M |
| 5 |
LPL Financial
San Diego,
California
|
+$1.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
-$26.5M |
| 2 |
VBFG
Vishria Bird Financial Group
Memphis,
Tennessee
|
-$1.79M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.61M |
| 4 |
VWA
Visionary Wealth Advisors
O'fallon,
Illinois
|
-$1.51M |
| 5 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$1.18M |
FSMB Hedge Fund Activity: Q3 2025 in Review
129 of the 7,639 institutional investors tracked by Wall St. Rank reported a position in First Trust Short Duration Managed Municipal ETF (FSMB) for Q3 2025, worth a combined $370M — down 2.4% from $379M a quarter earlier.
Fund positioning in FSMB was balanced in Q3 2025: 12 funds opened new positions, 12 closed out, 55 added to existing stakes and 33 trimmed.
The largest buyer was Corient Private Wealth, opening a new position worth an estimated $23.8M. The largest seller was Raymond James Financial, cutting an estimated $26.5M.
- 129 institutional investors held First Trust Short Duration Managed Municipal ETF (FSMB) as of Q3 2025, down from 130 in Q2 2025.
- Funds reported $370M of First Trust Short Duration Managed Municipal ETF stock for Q3 2025, down 2.4% quarter-over-quarter.
- 12 funds opened new First Trust Short Duration Managed Municipal ETF positions in Q3 2025 and 12 closed out, a net change of 0 holders.
- The largest First Trust Short Duration Managed Municipal ETF buyer in Q3 2025 was Corient Private Wealth, an estimated $23.8M added.
- The largest First Trust Short Duration Managed Municipal ETF seller in Q3 2025 was Raymond James Financial, an estimated $26.5M sold.
Based on aggregated 13F filings for Q3 2025.