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First Trust Ultra Short Duration Municipal ETF
FUMB

83 hedge funds and large institutions have $151M invested in First Trust Ultra Short Duration Municipal ETF in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 38 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.72% less ownership

Funds ownership: 76.28% → 69.56% (-6.7%)

13% less funds holding

Funds holding: 95 → 83 (-12)

16% less capital invested

Capital invested by funds: $178M → $151M (-$27.7M)

53% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 38

56% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 18

Holders
83
Holders Change
-12
Holders Change %
-12.63%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
18
Reduced
38
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NA
NewEdge Advisors
Louisiana
+$6.16M
2
Jane Street
Jane Street
New York
+$1.47M
3
JIR
James Investment Research
Ohio
+$1.28M
4
FTUS
Flow Traders U.S.
New York
+$1.24M
5
Wells Fargo
Wells Fargo
California
+$928K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$24.5M
2
IWC
Integrated Wealth Concepts
Massachusetts
-$2.68M
3
UBS Group
UBS Group
Switzerland
-$2.58M
4
EIA
Eldridge Investment Advisors
New Hampshire
-$1.44M
5
BFG
Bleakley Financial Group
New Jersey
-$1.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
NW
26
Naviter Wealth
Arkansas
$1.22M -$882K -43,942 -42%
Susquehanna International Group
27
Susquehanna International Group
Pennsylvania
$1.21M -$832K -41,425 -41%
GA
28
GSG Advisors
New Jersey
$1.19M -$71.9K -3,580 -6%
CA
29
Cetera Advisors
Colorado
$1.1M +$407K +20,291 +59%
WIM
30
Westside Investment Management
California
$1M – – –
MP
31
McDonald Partners
Ohio
$982K – – –
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$844K -$32.1K -1,598 -4%
RJA
33
Raymond James & Associates
Florida
$837K -$64.8K -3,230 -7%
SI
34
Stephens Inc
Arkansas
$712K – – –
TCOO
35
Trust Company of Oklahoma
Oklahoma
$694K – – –
Envestnet Asset Management
36
Envestnet Asset Management
Illinois
$649K -$391K -19,454 -38%
EH
37
Equitable Holdings
New York
$643K -$112K -5,600 -15%
SPIA
38
Steward Partners Investment Advisory
New York
$598K -$40.4K -2,015 -6%
Envestnet Portfolio Solutions
39
Envestnet Portfolio Solutions
Illinois
$577K -$8.47K -422 -1%
WWWM
40
White Wing Wealth Management
Texas
$573K -$666K -33,156 -54%
VWA
41
Visionary Wealth Advisors
Illinois
$535K -$475K -23,646 -47%
CCM
42
Chilton Capital Management
Texas
$501K – – –
CAG
43
Csenge Advisory Group
Florida
$501K – – –
Comerica Bank
44
Comerica Bank
Texas
$498K -$124K -6,161 -20%
DAS
45
Dynamic Advisor Solutions
Arizona
$496K +$30.2K +1,506 +6%
OPOWM
46
One Plus One Wealth Management
Florida
$474K -$15K -747 -3%
OAM
47
Occidental Asset Management
California
$471K -$115K -5,751 -20%
VCM
48
Virtue Capital Management
Tennessee
$456K +$457K +22,742 New
Citadel Advisors
49
Citadel Advisors
Florida
$426K +$427K +21,272 New
TAM
50
Titleist Asset Management
Texas
$425K -$17.9K -890 -4%
1
2
3 4 5

FUMB Hedge Fund Activity: Q1 2024 in Review

83 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q1 2024, worth a combined $151M — down 16% from $178M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of FUMB and 8 opened new positions — a net loss of 10 holders — while 38 trimmed existing stakes and 18 added.

The largest buyer was NewEdge Advisors, adding an estimated $6.16M. The largest seller was Morgan Stanley, cutting an estimated $24.5M.

  • 83 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q1 2024, down from 95 in Q4 2023.
  • Funds reported $151M of First Trust Ultra Short Duration Municipal ETF stock for Q1 2024, down 16% quarter-over-quarter.
  • 8 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q1 2024 and 18 closed out, a net change of -10 holders.
  • The largest First Trust Ultra Short Duration Municipal ETF buyer in Q1 2024 was NewEdge Advisors, an estimated $6.16M added.
  • The largest First Trust Ultra Short Duration Municipal ETF seller in Q1 2024 was Morgan Stanley, an estimated $24.5M sold.

Based on aggregated 13F filings for Q1 2024.