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First Trust Ultra Short Duration Municipal ETF
FUMB

37 hedge funds and large institutions have $46.6M invested in First Trust Ultra Short Duration Municipal ETF in 2020 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

700% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 2

61% more funds holding

Funds holding: 23 → 37 (+14)

38% more capital invested

Capital invested by funds: $33.7M → $46.6M (+$12.8M)

38% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 8

2.29% less ownership

Funds ownership: 60.96% → 58.67% (-2.3%)

Holders
37
Holders Change
+14
Holders Change %
+60.87%
% of All Funds
0.76%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
16
Increased
11
Reduced
8
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
FTUS
Flow Traders U.S.
New York
+$3.84M
2
Morgan Stanley
Morgan Stanley
New York
+$2.62M
3
LA
LexAurum Advisors
Kansas
+$2.45M
4
APWM
Atlas Private Wealth Management
New York
+$1.36M
5
SCA
Snowden Capital Advisors
New York
+$1.05M

Top Sellers

1
SWP
Stratos Wealth Partners
Ohio
-$1.65M
2
LPL Financial
LPL Financial
California
-$866K
3
PFS
Prospera Financial Services
Texas
-$700K
4
NA
NewEdge Advisors
Louisiana
-$320K
5
SF
Synovus Financial
Georgia
-$114K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$11.7M +$2.62M +130,203 +29%
LPL Financial
2
LPL Financial
California
$4.05M -$866K -43,045 -18%
FTUS
3
Flow Traders U.S.
New York
$3.83M +$3.84M +190,798 New
AC
4
Avestar Capital
New York
$3.62M -$80.5K -4,000 -2%
LA
5
LexAurum Advisors
Kansas
$2.45M +$2.45M +121,777 New
APWM
6
Atlas Private Wealth Management
New York
$2.11M +$1.36M +67,441 +180%
Commonwealth Equity Services
7
Commonwealth Equity Services
Massachusetts
$2M +$484K +24,059 +32%
Osaic Holdings
8
Osaic Holdings
Arizona
$1.56M +$251K +12,464 +19%
SWP
9
Stratos Wealth Partners
Ohio
$1.51M -$1.65M -81,976 -52%
FAAS
10
First Allied Advisory Services
California
$1.19M -$18.8K -932 -2%
RJA
11
Raymond James & Associates
Florida
$1.16M +$145K +7,195 +14%
OIA
12
OneDigital Investment Advisors
Kansas
$1.05M +$6.52K +324 +0.6%
SCA
13
Snowden Capital Advisors
New York
$1.05M +$1.05M +52,256 New
Jane Street
14
Jane Street
New York
$938K +$939K +46,674 New
KA
15
Kovack Advisors
Florida
$904K – – –
RJFSA
16
Raymond James Financial Services Advisors
Florida
$861K +$65.4K +3,252 +8%
NFG
17
Norris Financial Group
South Carolina
$842K -$44.9K -2,230 -5%
NFG
18
Next Financial Group
Texas
$825K +$192K +9,550 +30%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$625K +$626K +31,097 New
WCFA
20
Walkner Condon Financial Advisors
Wisconsin
$485K +$486K +24,137 New
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$449K +$38.9K +1,933 +9%
Susquehanna International Group
22
Susquehanna International Group
Pennsylvania
$449K +$450K +22,351 New
BFG
23
Barber Financial Group
Kansas
$449K +$450K +22,369 New
NA
24
NewEdge Advisors
Louisiana
$407K -$320K -15,907 -44%
Envestnet Asset Management
25
Envestnet Asset Management
Illinois
$399K +$90.9K +4,517 +29%
1
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FUMB Hedge Fund Activity: Q2 2020 in Review

37 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q2 2020, worth a combined $46.6M — up 38% from $33.7M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new FUMB positions and 2 closed out — a net gain of 14 holders — while 11 added to existing stakes and 8 trimmed.

The largest buyer was Flow Traders U.S., opening a new position worth an estimated $3.84M. The largest seller was Stratos Wealth Partners, cutting an estimated $1.65M.

  • 37 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q2 2020, up from 23 in Q1 2020.
  • Funds reported $46.6M of First Trust Ultra Short Duration Municipal ETF stock for Q2 2020, up 38% quarter-over-quarter.
  • 16 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q2 2020 and 2 closed out, a net change of +14 holders.
  • The largest First Trust Ultra Short Duration Municipal ETF buyer in Q2 2020 was Flow Traders U.S., an estimated $3.84M added.
  • The largest First Trust Ultra Short Duration Municipal ETF seller in Q2 2020 was Stratos Wealth Partners, an estimated $1.65M sold.

Based on aggregated 13F filings for Q2 2020.