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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$24.3M |
| 2 |
JP Morgan Chase
New York
|
+$2.23M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$2.02M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.81M |
| 5 |
Jane Street
New York
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
-$12.1M |
| 2 |
APWM
Atlas Private Wealth Management
Albany,
New York
|
-$7.85M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.74M |
| 4 |
LPL Financial
San Diego,
California
|
-$2.39M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$1.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$458K | -23,013 | Closed |
|
|
VCM
102
Virtue Capital Management
Brentwood,
Tennessee
| – | -$454K | -22,742 | Closed |
|
|
KWM
103
Kingsview Wealth Management
Grants Pass,
Oregon
| – | -$328K | -16,470 | Closed |
|
|
WCM
104
WealthBridge Capital Management
Westerville,
Ohio
| – | -$250K | -12,570 | Closed |
|
105
MML Investors Services
Springfield,
Massachusetts
| – | -$224K | -11,227 | Closed |
|
|
WCFA
106
Walkner Condon Financial Advisors
Madison,
Wisconsin
| – | -$207K | -10,404 | Closed |
|
|
IA
107
IFP Advisors
Tampa,
Florida
| – | -$29.9K | -1,500 | Closed |
|
108
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$21K | -1,035 | Closed |
|
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.