Who Owns First Trust Managed Municipal ETF (FMB)?Hedge Fund & Institutional Holders

$51.28+0.07 (+0.15%)Financial ServicesNASDAQ

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$1.5000011800093936e+223T

% of Float Held

—

QoQ Change in Holders

+15 / -1

Price History

$49.12$49.86$50.60$51.34$52.08Aug 24May 25Mar 26

FMB — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
Composition Wealth, LLCNew Position+1.2M+$59.5M
Avantax Planning Partners, Inc.New Position+854K+$43.0M
Janney Montgomery Scott LLCNew Position+421K+$21.0M
TRUIST FINANCIAL CORPNew Position+411K+$21.0M
Sanctuary Advisors, LLCNew Position+389K+$19.6M
COMMONWEALTH EQUITY SERVICES, LLCNew Position+350K+$17.0M
RMR Wealth BuildersNew Position+316K+$16.1M
ENVESTNET ASSET MANAGEMENT INCNew Position+299K+$15.0M
TrueWealth Financial PartnersNew Position+249K+$12.7M
TRUE BLUE FINANCIAL, LLCNew Position+248K+$12.7M
Pine Valley Investments Ltd Liability CoNew Position+197K+$10.0M
MOTCONew Position+185K+$9.0M
Bank of New York Mellon CorpNew Position+186K+$9.0M
JONES FINANCIAL COMPANIES LLLPNew Position+179K+$9.0M
ERn Financial, LLCNew Position+159K+$8.1M

FMB — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
MORGAN STANLEYDecreased-20K-$150.2B
WELLS FARGO & COMPANY/MNDecreased-116K-$127.4B
OSAIC HOLDINGS, INC.Decreased-58K-$43.2B
ROYAL BANK OF CANADADecreased-98K-$28.3B
STIFEL FINANCIAL CORPDecreased-1K-$14.7B
Kestra Advisory Services, LLCDecreased-14K-$8.0B
Focus Partners Advisor Solutions, LLCClosed Position-130K-$6.6B
BCGM Wealth Management, LLCDecreased-3K-$6.3B
Brady Martz Wealth Solutions, LLCDecreased-11K-$5.6B
Private Advisor Group, LLCDecreased-6K-$5.5B
COMERICA BANKDecreased-15K-$5.3B
JPMORGAN CHASE & CODecreased-9K-$4.8B
LAKE STREET PRIVATE WEALTH, LLCDecreased-2K-$4.7B
Allworth Financial LPDecreased-6K-$4.6B
Prestige Wealth Management Group LLCDecreased-13K-$4.4B

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1MORGAN STANLEY2,945,453$150.0M0.01%Share
2LPL Financial LLC2,308,525$118.0M0.03%Share
3UBS Group AG1,836,968$93.9M0.02%Share
4WELLS FARGO & COMPANY/MN1,444,551$73.0M0.01%Share
5Composition Wealth, LLC1,163,045$59.5M0.85%Share
6BANK OF AMERICA CORP /DE/1,129,555$57.0M0.00%Share
7WELLS FARGO & COMPANY/MN954,147$48.0M0.01%Share
8Avantax Planning Partners, Inc.854,387$43.0M1.20%Share
9BANK OF AMERICA CORP /DE/695,284$35.0M0.00%Share
10RAYMOND JAMES FINANCIAL INC681,276$34.0M0.01%Share
11OneDigital Investment Advisors LLC578,623$29.0M0.28%Share
12NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO237,535$27.2M0.02%Share
13RAYMOND JAMES FINANCIAL INC502,552$25.0M0.01%Share
14OSAIC HOLDINGS, INC.466,354$23.0M0.03%Share
15ROYAL BANK OF CANADA459,042$23.0M0.00%Share
16Janney Montgomery Scott LLC420,652$21.0M0.05%Share
17TRUIST FINANCIAL CORP411,226$21.0M0.03%Share
18Cetera Investment Advisers409,517$20.0M0.02%Share
19NewEdge Advisors, LLC405,841$20.0M0.07%Share
20COMMONWEALTH EQUITY SERVICES, LLC350,316$17.0M0.02%Share
21RMR Wealth Builders315,693$16.1M1.29%Share
22Frisch Financial Group, Inc.296,387$15.2M3.40%Share
23ENVESTNET ASSET MANAGEMENT INC299,025$15.0M0.00%Share
24STIFEL FINANCIAL CORP289,308$14.0M0.01%Share
25Rockefeller Capital Management L.P.292,030$14.0M0.03%Share
26TrueWealth Financial Partners248,749$12.7M10.50%Share
27TRUE BLUE FINANCIAL, LLC247,969$12.7M10.47%Share
28GM Advisory Group, LLC244,899$12.0M0.47%Share
29Cambridge Investment Research Advisors, Inc.227,740$11.0M0.03%Share
30OSAIC HOLDINGS, INC.229,407$11.0M0.02%Share
31JANE STREET GROUP, LLC200,002$10.0M0.00%Share
32MOTCO179,476$9.0M0.82%Share
33CITIGROUP INC187,567$9.0M0.00%Share
34JONES FINANCIAL COMPANIES LLLP178,958$9.0M0.01%Share
35Bank of New York Mellon Corp186,166$9.0M0.00%Share
36ERn Financial, LLC158,806$8.1M1.53%Share
37Sequoia Financial Advisors, LLC155,328$7.9M0.04%Share
38Kestra Advisory Services, LLC144,685$7.0M0.03%Share
39CWA Asset Management Group, LLC133,812$6.8M0.25%Share
40CWM, LLC132,062$6.8M0.02%Share
41First Heartland Consultants, Inc.130,249$6.7M0.50%Share
42BCGM Wealth Management, LLC121,753$6.2M1.59%Share
43THRIVENT FINANCIAL FOR LUTHERANS133,908$6.0M0.01%Share
44FOSTER & MOTLEY INC108,922$5.6M0.30%Share
45Sanctuary Advisors, LLC103,742$5.3M0.03%Share
46Brady Martz Wealth Solutions, LLC100,346$5.1M0.90%Share
47Sanctuary Advisors, LLC102,523$5.1M0.03%Share
48MML INVESTORS SERVICES, LLC106,280$5.0M0.01%Share
49OSAIC HOLDINGS, INC.102,587$5.0M0.01%Share
50Private Advisor Group, LLC102,380$5.0M0.02%Share

FMB Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025296$1.5B+142
Q3 2025154$1.0T-121
Q2 2025275$1.1T-19
Q1 2025294$1.5T+46
Q4 2024248$110.6T+55
Q3 2024193$946.8T+3
Q2 2024190$894.2T+10
Q1 2024180$886.5T—

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As of Q4 2025, 50 institutional investors hold FMB (First Trust Managed Municipal ETF). The largest holder is MORGAN STANLEY with $150.0M in shares. This quarter, 15 institutions opened new positions and 1 closed their positions.

Frequently Asked Questions

How many hedge funds own FMB?

As of Q4 2025, 50 institutional investors report holding FMB (First Trust Managed Municipal ETF) in their 13F filings.

Who is the largest institutional holder of FMB?

The largest institutional holder of FMB is MORGAN STANLEY with $150.0M in shares.

Is institutional ownership of FMB increasing or decreasing?

This quarter, 15 institutions opened new positions in FMB and 1 closed their positions.