First Trust Managed Municipal
FMB • NASDAQ
First Trust Managed Municipal is an exchange-traded fund on NASDAQ. As of Q3 2025, 277 institutional investors hold shares in this ETF, with total holdings valued at $1.4B. MORGAN STANLEY is the largest holder with a position valued at $150.4M.
Overview
Overview of institutional ownership in FMB as of Q3 2025
All Institutions
- Institutions
- 277
- Value Held
- $1.4B
- Shares Held
- 28.1M
- Avg Position
- $5.1M
- Median Position
- $932.1K
Hedge Funds
- Hedge Funds
- 2
- Value Held
- $2.2M
- Shares Held
- 44.2K
- Avg Position
- $1.1M
- Median Position
- $1.1M
Biggest Investors
Institutions with the largest positions in FMB as of Q3 2025
| Institution | Position Value |
|---|---|
 MORGAN STANLEY RIA/Wealth | $150.4M 0.01% of portfolio |
 WELLS FARGO & COMPANY/MN Institution | $127.5M 0.03% of portfolio |
L LPL Financial LLC Institution | $107.8M 0.03% of portfolio |
 UBS Group AG Institution | $91.2M 0.02% of portfolio |
 BANK OF AMERICA CORP /DE/ Institution | $88.3M 0.01% of portfolio |
 RAYMOND JAMES FINANCIAL INC RIA/Wealth | $58.2M 0.02% of portfolio |
 Miracle Mile Advisors, LLC RIA/Wealth | $54.3M 0.82% of portfolio |
$45.6M 1.31% of portfolio | |
A Advisor Group Holdings, Inc. Institution | $43.2M 0.06% of portfolio |
R ROYAL BANK OF CANADA Institution | $28.3M 0.01% of portfolio |
Net Capital Flow
Institutional buying and selling activity for FMB in Q3 2025
- Traded
- +$8.8M
- Buyers
- 122
- Sellers
- 145
- Total Bought
- +$105.1M
- Total Sold
- −$96.3M
- Avg Position
- $4.7M
Biggest Buyers
| Institution | Net Bought |
|---|---|
A Advisor Group Holdings, Inc. Institution | +$20.4M +403.5K shares |
Miracle Mile Advisors, LLC RIA/Wealth | +$18.2M +358.1K shares |
 Cetera Investment Advisers RIA/Wealth | +$7.2M +142.4K shares |
 THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager | +$5.8M +113.8K shares |
 Summit Financial, LLC RIA/Wealth | +$5.0M +98.0K shares |
L LPL Financial LLC Institution | +$4.1M +80.8K shares |
 Frisch Financial Group, Inc. RIA/Wealth | +$3.8M +75.6K shares |
+$3.2M +63.6K shares | |
 Uniting Wealth Partners, LLC RIA/Wealth | +$2.7M +53.9K shares |
 BB&T CORP Institution | +$2.4M +47.9K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
J JANE STREET GROUP, LLC Institution | −$15.2M −300.8K shares |
 VERUS CAPITAL PARTNERS, LLC RIA/Wealth | −$5.1M −100.5K shares |
MORGAN STANLEY RIA/Wealth | −$4.7M −93.5K shares |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | −$3.9M −78.6K shares |
S STIFEL FINANCIAL CORP Long Only Manager | −$3.9M −77.1K shares |
WELLS FARGO & COMPANY/MN Institution | −$3.8M −75.6K shares |
 Sequoia Financial Advisors, LLC RIA/Wealth | −$3.3M −64.3K shares |
 RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant | −$3.1M −61.0K shares |
R ROYAL BANK OF CANADA Institution | −$2.6M −51.0K shares |
−$2.4M −47.5K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited FMB in Q3 2025
- New Positions
- 14
- New Value
- $15.3M
- Exited Positions
- 29
- Exited Value
- $14.1M
New Positions
| Institution | Position Value |
|---|---|
Summit Financial, LLC RIA/Wealth | $5.0M 98.0K shares |
Uniting Wealth Partners, LLC RIA/Wealth | $2.7M 53.9K shares |
 Gateway Wealth Partners, LLC RIA/Wealth | $2.4M 47.4K shares |
 Mount Yale Investment Advisors, LLC RIA/Wealth | $1.7M 33.9K shares |
 Vestmark Advisory Solutions, Inc. Fund of Funds | $1.4M 27.9K shares |
 Mach-1 Financial Group, Inc. RIA/Wealth | $374.1K 7.4K shares |
 Integrity Advisory Solutions, LLC RIA/Wealth | $374.1K 7.4K shares |
G GENTRY PRIVATE WEALTH, LLC RIA/Wealth | $305.9K 6.0K shares |
F Financial Engines Advisors L.L.C. Institution | $247.3K 4.9K shares |
O Owen LaRue, LLC Institution | $244.1K 4.8K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $3.9M 78.6K shares |
$2.4M 47.5K shares | |
 SRS Capital Advisors, Inc. RIA/Wealth | $2.4M 47.3K shares |
 FOUNDERS FINANCIAL SECURITIES LLC RIA/Wealth | $568.4K 11.4K shares |
T TRUSTMARK NATIONAL BANK TRUST DEPARTMENT Institution | $449.5K 9.0K shares |
 Armis Advisers, LLC RIA/Wealth | $428.9K 8.6K shares |
Q Quadrature Capital Ltd Institution | $376.1K 7.5K shares |
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy | $361.3K 7.3K shares |
 Core Wealth Partners LLC Hedge Fund•Long/Short | $325.1K 6.5K shares |
 Foundations Investment Advisors, LLC RIA/Wealth | $323.2K 6.5K shares |
Options Activity
Institutions with the largest Call and Put options positions in FMB as of Q3 2025
- Call Positions
- 0
- Call Value
- -
- Put Positions
- 0
- Put Value
- -
Call Positions
| Institution | Position Value |
|---|---|
| No call positions found | |
Put Positions
| Institution | Position Value |
|---|---|
| No put positions found | |
Most Committed Institutions
Institutions with FMB as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
Frisch Financial Group, Inc. RIA/Wealth | 3.41% $14.6M |
B BCGM Wealth Management, LLC Institution | 1.66% $6.3M |
 RMR Wealth Builders RIA/Wealth | 1.62% $19.4M |
 Blackhawk Capital Partners LLC. RIA/Wealth | 1.53% $3.9M |
E ERn Financial, LLC RIA/Wealth | 1.50% $7.6M |
 Main Line Retirement Advisors, LLC RIA/Wealth | 1.49% $2.6M |
 FSB PREMIER WEALTH MANAGEMENT, INC. RIA/Wealth | 1.48% $4.5M |
 Etesian Wealth Advisors, Inc. RIA/Wealth | 1.36% $4.1M |
L LEGACY SOLUTIONS, LLC RIA/Wealth | 1.32% $1.5M |
1.31% $45.6M |
Hedge Fund Spotlight
Discover hedge funds investing in FMB
CITADEL ADVISORS LLC
Hedge Fund • Multi-Strategy
Portfolio ManagerKenneth Cordele Griffin
- Portfolio Value
- $122.08B
- Positions
- 5,531
- Last Reported
- Q3 2025
Sector Allocation
Position in First Trust Managed Municipal
- Market Value
- $881.5K
- Shares Held
- 17.4K
- Portfolio Weight
- 0.00%
- Owned Since
- 2024-Q3
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Software - Infrastructure Technology | $2.1B | 1.68% | |
Semiconductors Technology | $1.8B | 1.50% | |
Internet Content & Information Communication Services | $1.4B | 1.18% |
