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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
83
Holders Change
-12
Holders Change %
-12.63%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
18
Reduced
38
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
NA
NewEdge Advisors
Louisiana
+$6.16M
2
Jane Street
Jane Street
New York
+$1.47M
3
JIR
James Investment Research
Ohio
+$1.28M
4
FTUS
Flow Traders U.S.
New York
+$1.24M
5
Wells Fargo
Wells Fargo
California
+$928K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$24.5M
2
IWC
Integrated Wealth Concepts
Massachusetts
-$2.68M
3
UBS Group
UBS Group
Switzerland
-$2.58M
4
EIA
Eldridge Investment Advisors
New Hampshire
-$1.44M
5
BFG
Bleakley Financial Group
New Jersey
-$1.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
PTC
76
Private Trust Company
Ohio
$30.3K -$2.21K -110 -7%
PP
77
PFS Partners
New Jersey
$30K +$201 +10 +0.7%
HGERS
78
Householder Group Estate & Retirement Specialist
Arizona
$24.8K +$201 +10 +0.8%
DFA
79
DHJJ Financial Advisors
Illinois
$21.1K – – –
IGWM
80
ICA Group Wealth Management
Colorado
$13.7K +$120 +6 +0.9%
CAL
81
Capital Analysts LLC
Pennsylvania
$10K – – –
IRC
82
Investors Research Corp
Georgia
$5.25K +$5.26K +262 New
RFG
83
REAP Financial Group
Texas
$3.59K – – –
IWC
84
Integrated Wealth Concepts
Massachusetts
– -$2.68M -133,419 Closed
EIA
85
Eldridge Investment Advisors
New Hampshire
– -$1.44M -72,003 Closed
BFG
86
Bleakley Financial Group
New Jersey
– -$1.15M -57,209 Closed
KPWS
87
Kestra Private Wealth Services
Texas
– -$445K -22,193 Closed
AWM
88
AE Wealth Management
Kansas
– -$351K -17,496 Closed
KA
89
Kovack Advisors
Florida
– -$250K -12,447 Closed
SCA
90
Snowden Capital Advisors
New York
– -$248K -12,387 Closed
IFG
91
Independent Financial Group
California
– -$248K -12,363 Closed
HPC
92
Hobart Private Capital
North Carolina
– -$219K -10,925 Closed
Janney Montgomery Scott
93
Janney Montgomery Scott
Pennsylvania
– -$206K -10,250 Closed
GI
94
Gradient Investments
Minnesota
– -$204K -10,163 Closed
SSWM
95
Sheets Smith Wealth Management
North Carolina
– -$201K -10,000 Closed
SPI
96
Sutton Place Investors
New York
– -$201K -10,000 Closed
ASN
97
Advisory Services Network
Georgia
– -$144K -7,188 Closed
SWC
98
Spectrum Wealth Counsel
Indiana
– -$51.6K -2,573 Closed
FHA
99
First Horizon Advisors
Tennessee
– -$35.4K -1,765 Closed
EC
100
EdgeRock Capital
Colorado
– -$12.9K -646 Closed
1 2 3
4
5

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.