First Trust Ultra Short Duration Municipal ETF
FUMB
10 hedge funds and large institutions have $13.9M invested in First Trust Ultra Short Duration Municipal ETF in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 0 increasing their positions, 3 reducing their positions, and 2 closing their positions.
0% more funds holding
Funds holding: 10 → 10 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
18.05% less ownership
Funds ownership: 87.54% → 69.49% (-18%)
21% less capital invested
Capital invested by funds: $17.6M → $13.9M (-$3.61M)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 3
Top Buyers
| 1 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$502K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$209K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Citigroup
New York
| $4.01M | – | – | – |
|
2
Goldman Sachs
New York
| $3.73M | – | – | – |
|
|
CS
3
Credit Suisse
Zurich,
Switzerland
| $2.97M | -$802K | -39,974 | -21% |
|
|
FAAS
4
First Allied Advisory Services
San Diego,
California
| $1M | – | – | – |
|
5
Royal Bank of Canada
Toronto,
Ontario, Canada
| $696K | -$2.57M | -127,911 | -79% |
|
6
Citadel Advisors
Miami,
Florida
| $596K | -$309K | -15,384 | -34% |
|
|
KA
7
Kovack Advisors
Ft. Lauderdale,
Florida
| $502K | +$502K | +25,000 | New |
|
|
8
Commonwealth Equity Services
Waltham,
Massachusetts
| $209K | +$209K | +10,422 | New |
|
|
LTFS
9
Ladenburg Thalmann Financial Services
Miami,
Florida
| $128K | – | – | – |
|
|
ASN
10
Advisory Services Network
Atlanta,
Georgia
| $100K | – | – | – |
|
11
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$401K | -20,000 | Closed |
|
12
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$254K | -12,675 | Closed |
|
FUMB Hedge Fund Activity: Q2 2019 in Review
10 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q2 2019, worth a combined $13.9M — down 21% from $17.6M a quarter earlier.
Fund positioning in FUMB was balanced in Q2 2019: 2 funds opened new positions, 2 closed out, 0 added to existing stakes and 3 trimmed.
The largest buyer was Kovack Advisors, opening a new position worth an estimated $502K. The largest seller was Royal Bank of Canada, cutting an estimated $2.57M.
- 10 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q2 2019, unchanged from Q1 2019.
- Funds reported $13.9M of First Trust Ultra Short Duration Municipal ETF stock for Q2 2019, down 21% quarter-over-quarter.
- 2 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q2 2019 and 2 closed out, a net change of 0 holders.
- The largest First Trust Ultra Short Duration Municipal ETF buyer in Q2 2019 was Kovack Advisors, an estimated $502K added.
- The largest First Trust Ultra Short Duration Municipal ETF seller in Q2 2019 was Royal Bank of Canada, an estimated $2.57M sold.
Based on aggregated 13F filings for Q2 2019.