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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
+$22.4M |
| 2 |
Jane Street
New York
|
+$7.39M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.9M |
| 4 |
NW
Naviter Wealth
Little Rock,
Arkansas
|
+$1.73M |
| 5 |
VWA
Visionary Wealth Advisors
O'fallon,
Illinois
|
+$1.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$20.1M |
| 2 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$6.56M |
| 3 |
LPL Financial
San Diego,
California
|
-$6.27M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$4.36M |
| 5 |
Morgan Stanley
New York
|
-$3.89M |
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.