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First Trust Ultra Short Duration Municipal ETF
FUMB

47 hedge funds and large institutions have $50M invested in First Trust Ultra Short Duration Municipal ETF in 2020 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 16 increasing their positions, 9 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

240% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 5

78% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 9

31% more funds holding

Funds holding: 36 → 47 (+11)

20% more capital invested

Capital invested by funds: $41.6M → $50M (+$8.4M)

2.33% more ownership

Funds ownership: 44.86% → 47.18% (+2.3%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
47
Holders Change
+11
Holders Change %
+30.56%
% of All Funds
0.83%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
17
Increased
16
Reduced
9
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$4.75M
2
HighTower Advisors
HighTower Advisors
Illinois
+$1.06M
3
Stifel Financial
Stifel Financial
Missouri
+$1.06M
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$837K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$828K

Top Sellers

Rank Fund Capital Flow
1
AC
Avestar Capital
New York
-$2.02M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$1.2M
3
Morgan Stanley
Morgan Stanley
New York
-$1.15M
4
OIA
OneDigital Investment Advisors
Kansas
-$659K
5
NFG
Next Financial Group
Texas
-$486K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$6.64M +$828K +41,098 +14%
Morgan Stanley
2
Morgan Stanley
New York
$5.71M -$1.15M -57,126 -17%
LPL Financial
3
LPL Financial
California
$5.06M +$274K +13,615 +6%
Jane Street
4
Jane Street
New York
$5.06M +$4.75M +235,656 +1,563%
APWM
5
Atlas Private Wealth Management
New York
$2.48M +$37.8K +1,875 +2%
Osaic Holdings
6
Osaic Holdings
Arizona
$2.29M +$308K +15,279 +16%
RJA
7
Raymond James & Associates
Florida
$1.86M +$504K +25,016 +37%
RJFSA
8
Raymond James Financial Services Advisors
Florida
$1.61M +$333K +16,533 +26%
SWP
9
Stratos Wealth Partners
Ohio
$1.42M -$50.4K -2,502 -3%
KA
10
Kovack Advisors
Florida
$1.41M +$504K +25,000 +56%
KAS
11
Kestra Advisory Services
Texas
$1.35M +$254K +12,612 +23%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$1.13M +$262K +13,008 +30%
Stifel Financial
13
Stifel Financial
Missouri
$1.06M +$1.06M +52,432 New
HighTower Advisors
14
HighTower Advisors
Illinois
$1.06M +$1.06M +52,514 New
NFG
15
Norris Financial Group
South Carolina
$920K -$16.2K -806 -2%
SCA
16
Snowden Capital Advisors
New York
$915K +$142K +7,043 +18%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$902K -$1.2M -59,714 -57%
Cetera Investment Advisers
18
Cetera Investment Advisers
Illinois
$838K +$837K +41,535 New
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$804K – – –
Citadel Advisors
20
Citadel Advisors
Florida
$703K +$29.8K +1,478 +4%
FAIM
21
Financial Advocates Investment Management
Washington
$644K +$284K +14,069 +79%
FTUS
22
Flow Traders U.S.
New York
$533K +$532K +26,403 New
AC
23
Avestar Capital
New York
$504K -$2.02M -100,000 -80%
WCFA
24
Walkner Condon Financial Advisors
Wisconsin
$468K +$112K +5,542 +31%
BFG
25
Barber Financial Group
Kansas
$456K – – –
1
2 3

FUMB Hedge Fund Activity: Q4 2020 in Review

47 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q4 2020, worth a combined $50M — up 20% from $41.6M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new FUMB positions and 5 closed out — a net gain of 12 holders — while 16 added to existing stakes and 9 trimmed.

The largest buyer was Jane Street, adding an estimated $4.75M. The largest seller was Avestar Capital, cutting an estimated $2.02M.

  • 47 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q4 2020, up from 36 in Q3 2020.
  • Funds reported $50M of First Trust Ultra Short Duration Municipal ETF stock for Q4 2020, up 20% quarter-over-quarter.
  • 17 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q4 2020 and 5 closed out, a net change of +12 holders.
  • The largest First Trust Ultra Short Duration Municipal ETF buyer in Q4 2020 was Jane Street, an estimated $4.75M added.
  • The largest First Trust Ultra Short Duration Municipal ETF seller in Q4 2020 was Avestar Capital, an estimated $2.02M sold.

Based on aggregated 13F filings for Q4 2020.