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First Trust Ultra Short Duration Municipal ETF
FUMB

13 hedge funds and large institutions have $8.52M invested in First Trust Ultra Short Duration Municipal ETF in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 1 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 1

13% less funds holding

Funds holding: 15 → 13 (-2)

24% less capital invested

Capital invested by funds: $11.3M → $8.52M (-$2.76M)

33.2% less ownership

Funds ownership: 56.1% → 22.9% (-33%)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
13
Holders Change
-2
Holders Change %
-13.33%
% of All Funds
0.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
7
Reduced
1
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RJA
Raymond James & Associates
Florida
+$1.72M
2
PFS
Prospera Financial Services
Texas
+$1.34M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$545K
4
KA
Kovack Advisors
Florida
+$402K
5
AC
Avestar Capital
New York
+$382K

Top Sellers

1
Citigroup
Citigroup
New York
-$4.02M
2
Goldman Sachs
Goldman Sachs
New York
-$3.11M
3
Citadel Advisors
Citadel Advisors
Florida
-$313K
4
Jane Street
Jane Street
New York
-$251K
5
ASN
Advisory Services Network
Georgia
-$100K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
1
Raymond James & Associates
Florida
$1.72M +$1.72M +85,474 New
PFS
2
Prospera Financial Services
Texas
$1.34M +$1.34M +66,789 New
FAAS
3
First Allied Advisory Services
California
$1.15M +$144K +7,163 +14%
KA
4
Kovack Advisors
Florida
$905K +$402K +20,000 +80%
AC
5
Avestar Capital
New York
$904K +$382K +19,010 +73%
LTFS
6
Ladenburg Thalmann Financial Services
Florida
$634K +$360K +17,882 +131%
Susquehanna International Group
7
Susquehanna International Group
Pennsylvania
$545K +$545K +27,115 New
Commonwealth Equity Services
8
Commonwealth Equity Services
Massachusetts
$493K +$62.6K +3,112 +15%
Cetera Investment Advisers
9
Cetera Investment Advisers
Illinois
$458K +$17.2K +855 +4%
BCM
10
Brasada Capital Management
Texas
$253K -$6.88K -342 -3%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$98K +$67.9K +3,375 +225%
APA
12
American Portfolios Advisors
New York
$20.1K +$20.1K +1,000 New
Citigroup
13
Citigroup
New York
– -$4.02M -200,000 Closed
Goldman Sachs
14
Goldman Sachs
New York
– -$3.11M -154,781 Closed
Citadel Advisors
15
Citadel Advisors
Florida
– -$313K -15,567 Closed
Jane Street
16
Jane Street
New York
– -$251K -12,482 Closed
ASN
17
Advisory Services Network
Georgia
– -$100K -5,000 Closed
CIAS
18
Capital Investment Advisory Services
North Carolina
– -$19K -950 Closed

FUMB Hedge Fund Activity: Q4 2019 in Review

13 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q4 2019, worth a combined $8.52M — down 24% from $11.3M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of FUMB and 4 opened new positions — a net loss of 2 holders — while 1 trimmed existing stakes and 7 added.

The largest buyer was Raymond James & Associates, opening a new position worth an estimated $1.72M. The largest seller was Citigroup, exiting entirely with an estimated $4.02M sold.

  • 13 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q4 2019, down from 15 in Q3 2019.
  • Funds reported $8.52M of First Trust Ultra Short Duration Municipal ETF stock for Q4 2019, down 24% quarter-over-quarter.
  • 4 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q4 2019 and 6 closed out, a net change of -2 holders.
  • The largest First Trust Ultra Short Duration Municipal ETF buyer in Q4 2019 was Raymond James & Associates, an estimated $1.72M added.
  • The largest First Trust Ultra Short Duration Municipal ETF seller in Q4 2019 was Citigroup, an estimated $4.02M sold.

Based on aggregated 13F filings for Q4 2019.