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First Trust Ultra Short Duration Municipal ETF
FUMB

23 hedge funds and large institutions have $33.7M invested in First Trust Ultra Short Duration Municipal ETF in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 4 increasing their positions, 2 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

367% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 3

296% more capital invested

Capital invested by funds: $8.52M → $33.7M (+$25.2M)

100% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 2

77% more funds holding

Funds holding: 13 → 23 (+10)

38.05% more ownership

Funds ownership: 22.9% → 60.96% (+38%)

Holders
23
Holders Change
+10
Holders Change %
+76.92%
% of All Funds
0.51%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
4
Reduced
2
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$9.12M
2
LPL Financial
LPL Financial
California
+$4.91M
3
SWP
Stratos Wealth Partners
Ohio
+$3.16M
4
AC
Avestar Capital
New York
+$2.79M
5
OIA
OneDigital Investment Advisors
Kansas
+$1.05M

Top Sellers

1
RJA
Raymond James & Associates
Florida
-$703K
2
PFS
Prospera Financial Services
Texas
-$642K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$545K
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$458K
5
BCM
Brasada Capital Management
Texas
-$253K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$9.13M +$9.12M +454,172 New
LPL Financial
2
LPL Financial
California
$4.92M +$4.91M +244,727 New
AC
3
Avestar Capital
New York
$3.7M +$2.79M +139,000 +309%
SWP
4
Stratos Wealth Partners
Ohio
$3.16M +$3.16M +157,350 New
Commonwealth Equity Services
5
Commonwealth Equity Services
Massachusetts
$1.52M +$1.03M +51,065 +208%
Osaic Holdings
6
Osaic Holdings
Arizona
$1.31M +$1.31M +65,466 New
FAAS
7
First Allied Advisory Services
California
$1.21M +$59.4K +2,958 +5%
OIA
8
OneDigital Investment Advisors
Kansas
$1.05M +$1.05M +52,060 New
RJA
9
Raymond James & Associates
Florida
$1.01M -$703K -35,004 -41%
KA
10
Kovack Advisors
Florida
$905K – – –
NFG
11
Norris Financial Group
South Carolina
$887K +$886K +44,129 New
RJFSA
12
Raymond James Financial Services Advisors
Florida
$796K +$795K +39,599 New
APWM
13
Atlas Private Wealth Management
New York
$754K +$753K +37,500 New
NA
14
NewEdge Advisors
Louisiana
$728K +$726K +36,185 New
PFS
15
Prospera Financial Services
Texas
$700K -$642K -31,975 -48%
NFG
16
Next Financial Group
Texas
$633K +$632K +31,500 New
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$411K +$312K +15,564 +319%
Envestnet Asset Management
18
Envestnet Asset Management
Illinois
$309K +$308K +15,360 New
WS
19
Wedbush Securities
California
$280K +$279K +13,900 New
BFEC
20
Benjamin F. Edwards & Company
Missouri
$147K +$147K +7,311 New
SF
21
Synovus Financial
Georgia
$114K +$114K +5,674 New
APA
22
American Portfolios Advisors
New York
$20.1K – – –
Susquehanna International Group
23
Susquehanna International Group
Pennsylvania
– -$545K -27,115 Closed
Cetera Investment Advisers
24
Cetera Investment Advisers
Illinois
– -$458K -22,780 Closed
BCM
25
Brasada Capital Management
Texas
– -$253K -12,565 Closed

FUMB Hedge Fund Activity: Q1 2020 in Review

23 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q1 2020, worth a combined $33.7M — up 296% from $8.52M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FUMB positions and 3 closed out — a net gain of 11 holders — while 4 added to existing stakes and 2 trimmed.

The largest buyer was Morgan Stanley, opening a new position worth an estimated $9.12M. The largest seller was Raymond James & Associates, cutting an estimated $703K.

  • 23 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q1 2020, up from 13 in Q4 2019.
  • Funds reported $33.7M of First Trust Ultra Short Duration Municipal ETF stock for Q1 2020, up 296% quarter-over-quarter.
  • 14 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q1 2020 and 3 closed out, a net change of +11 holders.
  • The largest First Trust Ultra Short Duration Municipal ETF buyer in Q1 2020 was Morgan Stanley, an estimated $9.12M added.
  • The largest First Trust Ultra Short Duration Municipal ETF seller in Q1 2020 was Raymond James & Associates, an estimated $703K sold.

Based on aggregated 13F filings for Q1 2020.