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First Trust Ultra Short Duration Municipal ETF
FUMB

88 hedge funds and large institutions have $192M invested in First Trust Ultra Short Duration Municipal ETF in 2023 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 26 increasing their positions, 32 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

5.61% more ownership

Funds ownership: 62% → 67.6% (+5.6%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 14

2% less funds holding

Funds holding: 90 → 88 (-2)

7% less capital invested

Capital invested by funds: $208M → $192M (-$15.4M)

19% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 32

Holders
88
Holders Change
-2
Holders Change %
-2.22%
% of All Funds
1.38%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
26
Reduced
32
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$22.4M
2
Jane Street
Jane Street
New York
+$7.39M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.9M
4
NW
Naviter Wealth
Arkansas
+$1.73M
5
VWA
Visionary Wealth Advisors
Illinois
+$1.2M

Top Sellers

Rank Fund Capital Flow
1
HighTower Advisors
HighTower Advisors
Illinois
-$20.1M
2
SWP
Stratos Wealth Partners
Ohio
-$6.56M
3
LPL Financial
LPL Financial
California
-$6.27M
4
RJA
Raymond James & Associates
Florida
-$4.36M
5
Morgan Stanley
Morgan Stanley
New York
-$3.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
OPOWM
51
One Plus One Wealth Management
Florida
$484K +$218K +10,917 +82%
NFG
52
Nations Financial Group
Iowa
$479K -$5.99K -300 -1%
AFP
53
Ausdal Financial Partners
Iowa
$461K +$1.7K +85 +0.4%
Thrivent Financial for Lutherans
54
Thrivent Financial for Lutherans
Minnesota
$454K +$454K +22,763 New
VCM
55
Virtue Capital Management
Tennessee
$454K – – –
RJT
56
Raymond James Trust
Florida
$400K -$205K -10,288 -34%
SWM
57
Spire Wealth Management
Virginia
$367K +$367K +18,382 New
KA
58
Kovack Advisors
Florida
$350K -$1.4M -70,000 -80%
RA
59
RFG Advisory
Alabama
$335K +$96.6K +4,842 +41%
KWM
60
Kingsview Wealth Management
Oregon
$329K – – –
BFEC
61
Benjamin F. Edwards & Company
Missouri
$329K – – –
SFS
62
Security Financial Services
Indiana
$306K -$74.4K -3,726 -20%
Susquehanna International Group
63
Susquehanna International Group
Pennsylvania
$296K +$296K +14,833 New
SCA
64
Snowden Capital Advisors
New York
$285K -$4.55K -228 -2%
Wells Fargo
65
Wells Fargo
California
$279K +$145K +7,260 +108%
WCM
66
WealthBridge Capital Management
Ohio
$277K +$818 +41 +0.3%
AAS
67
Ameritas Advisory Services
Nebraska
$258K -$106K -5,287 -29%
HI
68
Harbour Investments
Wisconsin
$250K -$1.17M -58,720 -82%
MSFS
69
Main Street Financial Solutions
Pennsylvania
$248K – – –
IFG
70
Independent Financial Group
California
$241K +$241K +12,080 New
WCFA
71
Walkner Condon Financial Advisors
Wisconsin
$234K +$234K +11,736 New
MML Investors Services
72
MML Investors Services
Massachusetts
$222K -$659 -33 -0.3%
SPI
73
Sutton Place Investors
New York
$200K -$9.98K -500 -5%
SSWM
74
Sheets Smith Wealth Management
North Carolina
$200K – – –
GRP
75
Global Retirement Partners
California
$162K +$8.36K +419 +5%
1 2
3
4 5

FUMB Hedge Fund Activity: Q2 2023 in Review

88 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q2 2023, worth a combined $192M — down 7.4% from $208M a quarter earlier.

Fund positioning in FUMB was balanced in Q2 2023: 14 funds opened new positions, 14 closed out, 26 added to existing stakes and 32 trimmed.

The largest buyer was Rockefeller Capital Management, adding an estimated $22.4M. The largest seller was HighTower Advisors, cutting an estimated $20.1M.

  • 88 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q2 2023, down from 90 in Q1 2023.
  • Funds reported $192M of First Trust Ultra Short Duration Municipal ETF stock for Q2 2023, down 7.4% quarter-over-quarter.
  • 14 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q2 2023 and 14 closed out, a net change of 0 holders.
  • The largest First Trust Ultra Short Duration Municipal ETF buyer in Q2 2023 was Rockefeller Capital Management, an estimated $22.4M added.
  • The largest First Trust Ultra Short Duration Municipal ETF seller in Q2 2023 was HighTower Advisors, an estimated $20.1M sold.

Based on aggregated 13F filings for Q2 2023.