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First Trust Ultra Short Duration Municipal ETF

40 hedge funds and large institutions have $85.8M invested in First Trust Ultra Short Duration Municipal ETF in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 7 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 7

36% more capital invested

Capital invested by funds: $63M → $85.8M (+$22.7M)

4.78% more ownership

Funds ownership: 50.77%55.55% (+4.8%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

5% less funds holding

Funds holding: 4240 (-2)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
40
Holders Change
-2
Holders Change %
-4.76%
% of All Funds
0.7%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
4
Increased
21
Reduced
7
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
HighTower Advisors
1
HighTower Advisors
Illinois
$13.9M +$11.7M +580,015 +537%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$10.6M +$827K +40,952 +8%
LPL Financial
3
LPL Financial
California
$9.11M +$99.9K +4,950 +1%
Morgan Stanley
4
Morgan Stanley
New York
$8.84M +$3.7M +183,422 +72%
RJA
5
Raymond James & Associates
Florida
$7.18M +$2.28M +113,121 +47%
APWM
6
Atlas Private Wealth Management
New York
$6.38M +$806K +39,956 +14%
SAM
7
Strategy Asset Managers
California
$3.77M +$3.77M +187,000 New
RJFSA
8
Raymond James Financial Services Advisors
Florida
$3.04M +$742K +36,745 +32%
Envestnet Asset Management
9
Envestnet Asset Management
Illinois
$2.25M -$493K -24,433 -18%
Osaic Holdings
10
Osaic Holdings
Arizona
$2.24M +$17K +844 +0.8%
Commonwealth Equity Services
11
Commonwealth Equity Services
Massachusetts
$2.09M +$136K +6,716 +7%
SCA
12
Snowden Capital Advisors
New York
$1.7M +$216K +10,712 +15%
KAS
13
Kestra Advisory Services
Texas
$1.69M +$110K +5,452 +7%
KA
14
Kovack Advisors
Florida
$1.41M
Cetera Investment Advisers
15
Cetera Investment Advisers
Illinois
$1.3M +$366K +18,141 +39%
SWP
16
Stratos Wealth Partners
Ohio
$1.24M -$403K -19,990 -25%
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$1.21M +$330K +16,344 +38%
WWMSC
18
Wagner Wealth Management (South Carolina)
South Carolina
$846K +$295K +14,637 +54%
LA
19
LexAurum Advisors
Kansas
$714K +$714K +35,393 New
NA
20
NewEdge Advisors
Louisiana
$682K +$149K +7,377 +28%
WCFA
21
Walkner Condon Financial Advisors
Wisconsin
$634K +$82.3K +4,077 +15%
NFG
22
Norris Financial Group
South Carolina
$616K -$84.3K -4,176 -12%
MSFS
23
Main Street Financial Solutions
Pennsylvania
$581K +$299K +14,800 +106%
FAIM
24
Financial Advocates Investment Management
Washington
$459K -$213K -10,557 -32%
BFG
25
Barber Financial Group
Kansas
$456K

FUMB Hedge Fund Activity: Q2 2021 in Review

40 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q2 2021, worth a combined $85.8M — up 36% from $63M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of FUMB and 4 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 21 added.

The largest buyer was HighTower Advisors, adding an estimated $11.7M. The largest seller was Jane Street, cutting an estimated $1.08M.

  • 40 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q2 2021, down from 42 in Q1 2021.
  • Funds reported $85.8M of First Trust Ultra Short Duration Municipal ETF stock for Q2 2021, up 36% quarter-over-quarter.
  • 4 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q2 2021 and 6 closed out, a net change of -2 holders.
  • The largest First Trust Ultra Short Duration Municipal ETF buyer in Q2 2021 was HighTower Advisors, an estimated $11.7M added.
  • The largest First Trust Ultra Short Duration Municipal ETF seller in Q2 2021 was Jane Street, an estimated $1.08M sold.

Based on aggregated 13F filings for Q2 2021.