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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
IIL
51
Insight Inv LLC
California
$477K – – –
DAS
52
Dynamic Advisor Solutions
Arizona
$467K -$11.5K -575 -2%
KPWS
53
Kestra Private Wealth Services
Texas
$445K -$44.6K -2,227 -9%
TAM
54
Titleist Asset Management
Texas
$443K +$340 +17 +0.1%
SPC
55
Sigma Planning Corp
Michigan
$411K -$404K -20,174 -50%
AFP
56
Ausdal Financial Partners
Iowa
$378K -$77.3K -3,863 -17%
RJT
57
Raymond James Trust
Florida
$375K -$26K -1,300 -7%
TCWM
58
Total Clarity Wealth Management
Illinois
$360K +$359K +17,956 New
AWM
59
AE Wealth Management
Kansas
$351K +$350K +17,496 New
NW
60
NewEdge Wealth
Pennsylvania
$334K – – –
RA
61
RFG Advisory
Alabama
$312K +$460 +23 +0.1%
CIAS
62
Capital Investment Advisory Services
North Carolina
$309K +$308K +15,400 New
SWM
63
Spire Wealth Management
Virginia
$307K -$36.9K -1,847 -11%
HI
64
Harbour Investments
Wisconsin
$252K -$24.8K -1,239 -9%
VWM
65
VCI Wealth Management
Missouri
$252K +$251K +12,551 New
SFS
66
Security Financial Services
Indiana
$250K -$8.58K -429 -3%
KA
67
Kovack Advisors
Florida
$250K -$60K -3,000 -19%
SCA
68
Snowden Capital Advisors
New York
$248K -$28.8K -1,442 -10%
IFG
69
Independent Financial Group
California
$248K – – –
NGA
70
Naples Global Advisors
Florida
$231K +$230K +11,500 New
HPC
71
Hobart Private Capital
North Carolina
$219K +$219K +10,925 New
HAS
72
HBW Advisory Services
California
$211K -$31.8K -1,589 -13%
Janney Montgomery Scott
73
Janney Montgomery Scott
Pennsylvania
$206K +$205K +10,250 New
GI
74
Gradient Investments
Minnesota
$204K +$10K +502 +5%
SSWM
75
Sheets Smith Wealth Management
North Carolina
$201K – – –
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.