First Trust Ultra Short Duration Municipal ETF
FUMB
36 hedge funds and large institutions have $41.6M invested in First Trust Ultra Short Duration Municipal ETF in 2020 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 6 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 10
3% less funds holding
Funds holding: 37 → 36 (-1)
11% less capital invested
Capital invested by funds: $46.6M → $41.6M (-$4.99M)
13.81% less ownership
Funds ownership: 58.67% → 44.86% (-14%)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$5.36M |
| 2 |
LPL Financial
San Diego,
California
|
+$715K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$673K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$464K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$414K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.93M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$3.83M |
| 3 |
LA
LexAurum Advisors
Overland Park,
Kansas
|
-$2.45M |
| 4 |
AC
Avestar Capital
New York
|
-$1.11M |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$946K |
FUMB Hedge Fund Activity: Q3 2020 in Review
36 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q3 2020, worth a combined $41.6M — down 11% from $46.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FUMB and 5 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 17 added.
The largest buyer was Royal Bank of Canada, adding an estimated $5.36M. The largest seller was Morgan Stanley, cutting an estimated $4.93M.
- 36 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q3 2020, down from 37 in Q2 2020.
- Funds reported $41.6M of First Trust Ultra Short Duration Municipal ETF stock for Q3 2020, down 11% quarter-over-quarter.
- 5 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q3 2020 and 6 closed out, a net change of -1 holder.
- The largest First Trust Ultra Short Duration Municipal ETF buyer in Q3 2020 was Royal Bank of Canada, an estimated $5.36M added.
- The largest First Trust Ultra Short Duration Municipal ETF seller in Q3 2020 was Morgan Stanley, an estimated $4.93M sold.
Based on aggregated 13F filings for Q3 2020.