Who Owns FMB?
First Trust Managed Municipal ETF — Institutional Ownership & 13F Holdings
$51.22
+0.02 (+0.03%)
Market Cap
$2.0B
Shares Outstanding
38,472,583
Institutional Holders
293
Total Inst. Value
$1.3B
% of Float Held
—
QoQ Holder Change
+114
Institutional data as of Q1 2025
New Positions
79
Closed Positions
34
Increased
92
Decreased
97
Institutional Ownership Trend
Top 10 Institutional Holders(Q1 2025)
| # | Fund | Value | Shares |
|---|---|---|---|
| 1 | MORGAN STANLEY | $150.2M | 2,979,292 |
| 2 | WELLS FARGO & COMPANY/MN | $135.4M | 2,684,776 |
| 3 | BANK OF AMERICA CORP /DE/ | $93.4M | 1,852,353 |
| 4 | UBS Group AG | $88.1M | 1,747,373 |
| 5 | RAYMOND JAMES FINANCIAL INC | $58.4M | 1,157,297 |
| 6 | Composition Wealth, LLC | $32.8M | 649,521 |
| 7 | Avantax Planning Partners, Inc. | $32.2M | 639,192 |
| 8 | ROYAL BANK OF CANADA | $31.2M | 619,572 |
| 9 | OSAIC HOLDINGS, INC. | $25.0M | 495,145 |
| 10 | CW Advisors, LLC | $23.5M | 465,465 |
Biggest Buyers & Sellers This Quarter
Top Buyers
| Fund | Shares Added | Value |
|---|---|---|
| WELLS FARGO & COMPANY/MN | +279K | $135.4M |
| BANK OF AMERICA CORP /DE/ | +122K | $93.4M |
| UBS Group AG | +26K | $88.1M |
| RAYMOND JAMES FINANCIAL INC | +7K | $58.4M |
| Composition Wealth, LLC | +20K | $32.8M |
Top Sellers
| Fund | Shares Removed | Value |
|---|---|---|
| MORGAN STANLEY | -161K | $150.2M |
| RFG Advisory, LLC | -155K | $1.0M |
| Sequoia Financial Advisors, LLC | -59K | $12.8M |
| Legacy Private Trust Co. | -54K | $2.5M |
| Ausdal Financial Partners, Inc. | -31K | $593K |
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Frequently Asked Questions
How many institutional investors hold FMB?
As of Q1 2025, 293 institutional investors report holding FMB (First Trust Managed Municipal ETF) in their 13F filings.
Which hedge fund owns the most FMB?
The largest institutional holder of FMB is MORGAN STANLEY with $150.2M in shares.
Are institutions buying or selling FMB?
This quarter, 79 institutions opened new positions in FMB and 34 closed their positions.
What is 13F institutional ownership?
SEC Form 13F is a quarterly report filed by institutional investment managers with over $100M in qualifying assets. It discloses their US equity holdings, providing transparency into what the largest investors are buying and selling.
How often is institutional ownership data updated?
13F filings are due 45 days after each calendar quarter end (May 15, Aug 14, Nov 14, Feb 14). Data is updated on HedgeTrace as new filings are processed.