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First Trust Ultra Short Duration Municipal ETF
FUMB

46 hedge funds and large institutions have $95.2M invested in First Trust Ultra Short Duration Municipal ETF in 2021 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 10 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

90% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 10

15% more funds holding

Funds holding: 40 → 46 (+6)

11% more capital invested

Capital invested by funds: $85.8M → $95.2M (+$9.42M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.62% less ownership

Funds ownership: 55.55% → 53.93% (-1.6%)

Holders
46
Holders Change
+6
Holders Change %
+15%
% of All Funds
0.81%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
19
Reduced
10
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TJHA
Thomas J. Herzfeld Advisors
Florida
+$1.59M
2
Citadel Advisors
Citadel Advisors
Florida
+$1.59M
3
LPL Financial
LPL Financial
California
+$1.55M
4
Morgan Stanley
Morgan Stanley
New York
+$1.25M
5
SMG
Spectrum Management Group
Indiana
+$1.25M

Top Sellers

1
HighTower Advisors
HighTower Advisors
Illinois
-$2.24M
2
LA
LexAurum Advisors
Kansas
-$714K
3
WCFA
Walkner Condon Financial Advisors
Wisconsin
-$634K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$554K
5
AFP
Ausdal Financial Partners
Iowa
-$238K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$11.7M +$1.13M +56,060 +11%
HighTower Advisors
2
HighTower Advisors
Illinois
$11.6M -$2.24M -110,763 -16%
LPL Financial
3
LPL Financial
California
$10.6M +$1.55M +76,816 +17%
Morgan Stanley
4
Morgan Stanley
New York
$10.1M +$1.25M +62,014 +14%
RJA
5
Raymond James & Associates
Florida
$7.83M +$647K +32,035 +9%
APWM
6
Atlas Private Wealth Management
New York
$6.42M +$45.3K +2,243 +0.7%
SAM
7
Strategy Asset Managers
California
$3.77M – – –
RJFSA
8
Raymond James Financial Services Advisors
Florida
$3.58M +$539K +26,724 +18%
Commonwealth Equity Services
9
Commonwealth Equity Services
Massachusetts
$2.47M +$382K +18,906 +18%
Osaic Holdings
10
Osaic Holdings
Arizona
$2.25M +$8.18K +405 +0.4%
KA
11
Kovack Advisors
Florida
$1.92M +$505K +25,000 +36%
SCA
12
Snowden Capital Advisors
New York
$1.74M +$42.9K +2,127 +3%
Envestnet Asset Management
13
Envestnet Asset Management
Illinois
$1.7M -$554K -27,425 -25%
KAS
14
Kestra Advisory Services
Texas
$1.67M -$25.2K -1,247 -1%
TJHA
15
Thomas J. Herzfeld Advisors
Florida
$1.59M +$1.59M +78,717 New
Citadel Advisors
16
Citadel Advisors
Florida
$1.58M +$1.59M +78,520 New
Cetera Investment Advisers
17
Cetera Investment Advisers
Illinois
$1.56M +$256K +12,705 +20%
Cambridge Investment Research Advisors
18
Cambridge Investment Research Advisors
Iowa
$1.4M +$193K +9,544 +16%
SMG
19
Spectrum Management Group
Indiana
$1.24M +$1.25M +61,679 New
SWP
20
Stratos Wealth Partners
Ohio
$1.12M -$117K -5,801 -9%
Jane Street
21
Jane Street
New York
$979K +$688K +34,090 +236%
WWMSC
22
Wagner Wealth Management (South Carolina)
South Carolina
$845K +$525 +26 +0.1%
HW
23
Hedeker Wealth
Illinois
$799K +$800K +39,649 New
NA
24
NewEdge Advisors
Louisiana
$683K +$1.37K +68 +0.2%
NFG
25
Norris Financial Group
South Carolina
$616K – – –
1
2

FUMB Hedge Fund Activity: Q3 2021 in Review

46 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q3 2021, worth a combined $95.2M — up 11% from $85.8M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FUMB positions and 5 closed out — a net gain of 6 holders — while 19 added to existing stakes and 10 trimmed.

The largest buyer was Thomas J. Herzfeld Advisors, opening a new position worth an estimated $1.59M. The largest seller was HighTower Advisors, cutting an estimated $2.24M.

  • 46 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q3 2021, up from 40 in Q2 2021.
  • Funds reported $95.2M of First Trust Ultra Short Duration Municipal ETF stock for Q3 2021, up 11% quarter-over-quarter.
  • 11 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q3 2021 and 5 closed out, a net change of +6 holders.
  • The largest First Trust Ultra Short Duration Municipal ETF buyer in Q3 2021 was Thomas J. Herzfeld Advisors, an estimated $1.59M added.
  • The largest First Trust Ultra Short Duration Municipal ETF seller in Q3 2021 was HighTower Advisors, an estimated $2.24M sold.

Based on aggregated 13F filings for Q3 2021.