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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
SPI
76
Sutton Place Investors
New York
$201K – – –
CFGS
77
Concourse Financial Group Securities
Alabama
$191K +$50.1K +2,503 +36%
BFEC
78
Benjamin F. Edwards & Company
Missouri
$182K -$39.7K -1,986 -18%
ASN
79
Advisory Services Network
Georgia
$144K +$144K +7,188 New
T
80
Tidemark
California
$80.2K +$80K +4,000 New
GRP
81
Global Retirement Partners
California
$61.1K – – –
SWC
82
Spectrum Wealth Counsel
Indiana
$51.6K +$51.5K +2,573 New
CP
83
Castleview Partners
Texas
$42.7K +$4K +200 +10%
CAS
84
Coppell Advisory Solutions
Texas
$37.1K +$33.2K +1,661 +884%
FHA
85
First Horizon Advisors
Tennessee
$35.4K -$1.96K -98 -5%
PS
86
Principal Securities
Iowa
$34.1K +$34K +1,700 New
PTC
87
Private Trust Company
Ohio
$32.5K – – –
PP
88
PFS Partners
New Jersey
$29.9K +$160 +8 +0.5%
HGERS
89
Householder Group Estate & Retirement Specialist
Arizona
$24K +$1.32K +66 +6%
DFA
90
DHJJ Financial Advisors
Illinois
$21.2K -$2K -100 -9%
IGWM
91
ICA Group Wealth Management
Colorado
$13.6K +$13.5K +676 New
EC
92
EdgeRock Capital
Colorado
$12.9K +$12.9K +646 New
CAL
93
Capital Analysts LLC
Pennsylvania
$10K – – –
GFPC
94
Global Financial Private Client
Florida
$3.77K – – –
RFG
95
REAP Financial Group
Texas
$3.59K +$3.58K +179 New
APWM
96
Atlas Private Wealth Management
New York
– -$7.85M -394,114 Closed
HighTower Advisors
97
HighTower Advisors
Illinois
– -$1.02M -51,183 Closed
GIA
98
Gladstone Institutional Advisory
Florida
– -$685K -34,382 Closed
FAIM
99
Financial Advocates Investment Management
Washington
– -$579K -29,087 Closed
AAS
100
Avantax Advisory Services
Texas
– -$485K -24,361 Closed
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.