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.
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
Top Buyers
| 1 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$6.16M |
| 2 |
Jane Street
New York
|
+$1.47M |
| 3 |
JIR
James Investment Research
Alpha,
Ohio
|
+$1.28M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$1.24M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$928K |
Top Sellers
| 1 |
Morgan Stanley
New York
|
-$24.5M |
| 2 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$2.68M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$2.58M |
| 4 |
EIA
Eldridge Investment Advisors
Manchester,
New Hampshire
|
-$1.44M |
| 5 |
BFG
Bleakley Financial Group
Fairfield,
New Jersey
|
-$1.15M |
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.