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First Trust Ultra Short Duration Municipal ETF

84 hedge funds and large institutions have $211M invested in First Trust Ultra Short Duration Municipal ETF in 2022 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 32 increasing their positions, 25 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

90% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 10

28% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 25

16% more capital invested

Capital invested by funds: $182M → $211M (+$29.2M)

9% more funds holding

Funds holding: 7784 (+7)

3.04% more ownership

Funds ownership: 58.74%61.78% (+3%)

Holders
84
Holders Change
+7
Holders Change %
+9.09%
% of All Funds
1.35%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
19
Increased
32
Reduced
25
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$39.5M +$10.3M +516,329 +35%
LPL Financial
2
LPL Financial
California
$24.8M -$5.08M -255,056 -17%
HighTower Advisors
3
HighTower Advisors
Illinois
$21.9M +$891K +44,787 +4%
RJFSA
4
Raymond James Financial Services Advisors
Florida
$11.4M -$564K -28,344 -5%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$8.54M +$4.8M +240,944 +129%
NA
6
NewEdge Advisors
Louisiana
$7.77M +$3.86M +194,197 +75%
SWP
7
Stratos Wealth Partners
Ohio
$7.31M +$6.44M +323,496 +755%
Commonwealth Equity Services
8
Commonwealth Equity Services
Massachusetts
$6.19M +$2.91M +146,332 +89%
Osaic Holdings
9
Osaic Holdings
Arizona
$5.96M +$2.32M +116,750 +64%
APWM
10
Atlas Private Wealth Management
New York
$5.86M -$890K -44,702 -13%
RJA
11
Raymond James & Associates
Florida
$4.79M -$385K -19,336 -7%
IWA
12
Inspirion Wealth Advisors
Illinois
$4.66M -$665K -33,400 -13%
EIA
13
Eldridge Investment Advisors
New Hampshire
$4.21M +$656K +32,979 +19%
UBS Group
14
UBS Group
Switzerland
$3.97M +$1.39M +69,819 +54%
MFG
15
Mainsail Financial Group
Washington
$3.61M +$3.6M +180,754 New
Cambridge Investment Research Advisors
16
Cambridge Investment Research Advisors
Iowa
$3.18M +$794K +39,896 +33%
JWCA
17
J.W. Cole Advisors
Florida
$3.14M -$28.7K -1,443 -0.9%
KA
18
Kovack Advisors
Florida
$3.03M -$498K -25,000 -14%
IWC
19
Integrated Wealth Concepts
Massachusetts
$2.77M +$2.76M +138,818 New
Envestnet Asset Management
20
Envestnet Asset Management
Illinois
$2.47M -$219K -10,991 -8%
GIA
21
Gladstone Institutional Advisory
Florida
$2.31M +$2.3M +115,560 New
ATPW
22
Ashton Thomas Private Wealth
Arizona
$2.06M +$1.77M +88,848 +625%
Cetera Investment Advisers
23
Cetera Investment Advisers
Illinois
$1.93M -$72.3K -3,631 -4%
KPWS
24
Kestra Private Wealth Services
Texas
$1.66M +$228K +11,435 +16%
BFG
25
Barber Financial Group
Kansas
$1.6M +$442K +22,187 +38%

FUMB Hedge Fund Activity: Q4 2022 in Review

84 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Trust Ultra Short Duration Municipal ETF (FUMB) for Q4 2022, worth a combined $211M — up 16% from $182M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new FUMB positions and 10 closed out — a net gain of 9 holders — while 32 added to existing stakes and 25 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $10.3M. The largest seller was LPL Financial, cutting an estimated $5.08M.

  • 84 institutional investors held First Trust Ultra Short Duration Municipal ETF (FUMB) as of Q4 2022, up from 77 in Q3 2022.
  • Funds reported $211M of First Trust Ultra Short Duration Municipal ETF stock for Q4 2022, up 16% quarter-over-quarter.
  • 19 funds opened new First Trust Ultra Short Duration Municipal ETF positions in Q4 2022 and 10 closed out, a net change of +9 holders.
  • The largest First Trust Ultra Short Duration Municipal ETF buyer in Q4 2022 was Morgan Stanley, an estimated $10.3M added.
  • The largest First Trust Ultra Short Duration Municipal ETF seller in Q4 2022 was LPL Financial, an estimated $5.08M sold.

Based on aggregated 13F filings for Q4 2022.