First Trust Ultra Short Duration Municipal ETF
FUMB
10 hedge funds and large institutions have $17.6M invested in First Trust Ultra Short Duration Municipal ETF in 2019 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 4 reducing their positions, and closing their positions.
43% more funds holding
Funds holding: 7 → 10 (+3)
9.04% less ownership
Funds ownership: 96.58% → 87.54% (-9%)
10% less capital invested
Capital invested by funds: $19.4M → $17.6M (-$1.87M)
75% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 4
Top Buyers
Top Sellers
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.14M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$362K |
| 3 |
Goldman Sachs
New York
|
-$283K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$238K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Citigroup
New York
| $4.01M | – | – | – |
|
|
CS
2
Credit Suisse
Zurich,
Switzerland
| $3.77M | -$238K | -11,884 | -6% |
|
|
3
Goldman Sachs
New York
| $3.72M | -$283K | -14,100 | -7% |
|
|
4
Royal Bank of Canada
Toronto,
Ontario, Canada
| $3.26M | -$362K | -18,066 | -10% |
|
|
FAAS
5
First Allied Advisory Services
San Diego,
California
| $1M | +$1M | +49,875 | New |
|
6
Citadel Advisors
Miami,
Florida
| $904K | +$904K | +45,093 | New |
|
|
7
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $401K | -$3.14M | -156,500 | -89% |
|
8
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $254K | +$254K | +12,675 | New |
|
|
LTFS
9
Ladenburg Thalmann Financial Services
Miami,
Florida
| $128K | +$50.1K | +2,500 | +65% |
|
|
ASN
10
Advisory Services Network
Atlanta,
Georgia
| $100K | – | – | – |
|
FUMB Hedge Fund Activity: Q1 2019 in Review
10 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q1 2019, worth a combined $17.6M — down 9.6% from $19.4M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FUMB positions and 0 closed out — a net gain of 3 holders — while 1 added to existing stakes and 4 trimmed.
The largest buyer was First Allied Advisory Services, opening a new position worth an estimated $1M. The largest seller was Deutsche Bank, cutting an estimated $3.14M.
- 10 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q1 2019, up from 7 in Q4 2018.
- Funds reported $17.6M of First Trust Ultra Short Duration Municipal ETF stock for Q1 2019, down 9.6% quarter-over-quarter.
- 3 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q1 2019 and 0 closed out, a net change of +3 holders.
- The largest First Trust Ultra Short Duration Municipal ETF buyer in Q1 2019 was First Allied Advisory Services, an estimated $1M added.
- The largest First Trust Ultra Short Duration Municipal ETF seller in Q1 2019 was Deutsche Bank, an estimated $3.14M sold.
Based on aggregated 13F filings for Q1 2019.