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First Trust Ultra Short Duration Municipal ETF
FUMB

15 hedge funds and large institutions have $11.3M invested in First Trust Ultra Short Duration Municipal ETF in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 1

50% more funds holding

Funds holding: 10 → 15 (+5)

13.39% less ownership

Funds ownership: 69.49% → 56.1% (-13%)

19% less capital invested

Capital invested by funds: $13.9M → $11.3M (-$2.67M)

33% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 3

Holders
15
Holders Change
+5
Holders Change %
+50%
% of All Funds
0.33%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
2
Reduced
3
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AC
Avestar Capital
New York
+$523K
2
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$441K
3
BCM
Brasada Capital Management
Texas
+$260K
4
Jane Street
Jane Street
New York
+$251K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$221K

Top Sellers

1
CS
Credit Suisse
Switzerland
-$2.97M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$667K
3
Goldman Sachs
Goldman Sachs
New York
-$622K
4
Citadel Advisors
Citadel Advisors
Florida
-$284K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
1
Citigroup
New York
$4.02M – – –
Goldman Sachs
2
Goldman Sachs
New York
$3.11M -$622K -30,915 -17%
FAAS
3
First Allied Advisory Services
California
$1M – – –
AC
4
Avestar Capital
New York
$522K +$523K +25,990 New
KA
5
Kovack Advisors
Florida
$503K – – –
Cetera Investment Advisers
6
Cetera Investment Advisers
Illinois
$441K +$441K +21,925 New
Commonwealth Equity Services
7
Commonwealth Equity Services
Massachusetts
$430K +$221K +11,013 +106%
Citadel Advisors
8
Citadel Advisors
Florida
$313K -$284K -14,142 -48%
LTFS
9
Ladenburg Thalmann Financial Services
Florida
$274K +$146K +7,250 +114%
BCM
10
Brasada Capital Management
Texas
$259K +$260K +12,907 New
Jane Street
11
Jane Street
New York
$251K +$251K +12,482 New
ASN
12
Advisory Services Network
Georgia
$100K – – –
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$30K -$667K -33,175 -96%
CIAS
14
Capital Investment Advisory Services
North Carolina
$19K +$19.1K +950 New
CS
15
Credit Suisse
Switzerland
– -$2.97M -148,142 Closed
Wells Fargo
16
Wells Fargo
California
– +$20 +1 New

FUMB Hedge Fund Activity: Q3 2019 in Review

15 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q3 2019, worth a combined $11.3M — down 19% from $13.9M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new FUMB positions and 1 closed out — a net gain of 5 holders — while 2 added to existing stakes and 3 trimmed.

The largest buyer was Avestar Capital, opening a new position worth an estimated $523K. The largest seller was Credit Suisse, exiting entirely with an estimated $2.97M sold.

  • 15 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q3 2019, up from 10 in Q2 2019.
  • Funds reported $11.3M of First Trust Ultra Short Duration Municipal ETF stock for Q3 2019, down 19% quarter-over-quarter.
  • 6 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q3 2019 and 1 closed out, a net change of +5 holders.
  • The largest First Trust Ultra Short Duration Municipal ETF buyer in Q3 2019 was Avestar Capital, an estimated $523K added.
  • The largest First Trust Ultra Short Duration Municipal ETF seller in Q3 2019 was Credit Suisse, an estimated $2.97M sold.

Based on aggregated 13F filings for Q3 2019.