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First Trust Ultra Short Duration Municipal ETF
FUMB

95 hedge funds and large institutions have $178M invested in First Trust Ultra Short Duration Municipal ETF in 2023 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 26 increasing their positions, 34 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 13

8.57% more ownership

Funds ownership: 67.71% → 76.28% (+8.6%)

6% more funds holding

Funds holding: 90 → 95 (+5)

4% more capital invested

Capital invested by funds: $172M → $178M (+$6.27M)

24% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 34

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
95
Holders Change
+5
Holders Change %
+5.56%
% of All Funds
1.39%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
18
Increased
26
Reduced
34
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$24.3M
2
JP Morgan Chase
JP Morgan Chase
New York
+$2.23M
3
UBS Group
UBS Group
Switzerland
+$2.02M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.81M
5
Jane Street
Jane Street
New York
+$1.05M

Top Sellers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
-$12.1M
2
APWM
Atlas Private Wealth Management
New York
-$7.85M
3
Osaic Holdings
Osaic Holdings
Arizona
-$3.74M
4
LPL Financial
LPL Financial
California
-$2.39M
5
HighTower Advisors
HighTower Advisors
Illinois
-$1.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
ATPW
26
Ashton Thomas Private Wealth
Arizona
$1.24M -$224K -11,196 -15%
WWWM
27
White Wing Wealth Management
Texas
$1.24M +$1.24M +61,745 New
BFG
28
Bleakley Financial Group
New Jersey
$1.15M – – –
SS
29
Simplicity Solutions
Minnesota
$1.15M – – –
Envestnet Asset Management
30
Envestnet Asset Management
Illinois
$1.04M +$434K +21,696 +72%
VWA
31
Visionary Wealth Advisors
Illinois
$1.01M -$58.1K -2,904 -5%
WIM
32
Westside Investment Management
California
$1M – – –
MP
33
McDonald Partners
Ohio
$983K – – –
RJA
34
Raymond James & Associates
Florida
$903K -$294K -14,690 -25%
Cetera Investment Advisers
35
Cetera Investment Advisers
Illinois
$894K -$112K -5,622 -11%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$877K -$80.8K -4,040 -8%
Wells Fargo
37
Wells Fargo
California
$797K +$480K +23,999 +153%
EH
38
Equitable Holdings
New York
$756K +$3K +150 +0.4%
SI
39
Stephens Inc
Arkansas
$712K – – –
TCOO
40
Trust Company of Oklahoma
Oklahoma
$695K – – –
CA
41
Cetera Advisors
Colorado
$693K +$469K +23,451 +211%
SPIA
42
Steward Partners Investment Advisory
New York
$640K -$365K -18,250 -36%
FTUS
43
Flow Traders U.S.
New York
$623K +$621K +31,041 New
Comerica Bank
44
Comerica Bank
Texas
$622K +$35.3K +1,765 +6%
OAM
45
Occidental Asset Management
California
$587K -$12.5K -623 -2%
Envestnet Portfolio Solutions
46
Envestnet Portfolio Solutions
Illinois
$586K -$175K -8,752 -23%
CCM
47
Chilton Capital Management
Texas
$502K – – –
CAG
48
Csenge Advisory Group
Florida
$502K – – –
Stifel Financial
49
Stifel Financial
Missouri
$495K -$575K -28,726 -54%
OPOWM
50
One Plus One Wealth Management
Florida
$489K +$8.5K +425 +2%
1
2
3 4 5

FUMB Hedge Fund Activity: Q4 2023 in Review

95 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q4 2023, worth a combined $178M — up 3.6% from $172M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new FUMB positions and 13 closed out — a net gain of 5 holders — while 26 added to existing stakes and 34 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $24.3M. The largest seller was Rockefeller Capital Management, cutting an estimated $12.1M.

  • 95 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q4 2023, up from 90 in Q3 2023.
  • Funds reported $178M of First Trust Ultra Short Duration Municipal ETF stock for Q4 2023, up 3.6% quarter-over-quarter.
  • 18 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q4 2023 and 13 closed out, a net change of +5 holders.
  • The largest First Trust Ultra Short Duration Municipal ETF buyer in Q4 2023 was Morgan Stanley, an estimated $24.3M added.
  • The largest First Trust Ultra Short Duration Municipal ETF seller in Q4 2023 was Rockefeller Capital Management, an estimated $12.1M sold.

Based on aggregated 13F filings for Q4 2023.