First Trust Short Duration Managed Municipal
FSMB • ARCA
First Trust Short Duration Managed Municipal is an exchange-traded fund on ARCA. As of Q3 2025, 123 institutional investors hold shares in this ETF, with total holdings valued at $365.4M. MORGAN STANLEY is the largest holder with a position valued at $88.3M.
Overview
Overview of institutional ownership in FSMB as of Q3 2025
All Institutions
- Institutions
- 123
- Value Held
- $365.4M
- Shares Held
- 18.2M
- Avg Position
- $3.0M
- Median Position
- $715.5K
Hedge Funds
- Hedge Funds
- 3
- Value Held
- $2.7M
- Shares Held
- 133.6K
- Avg Position
- $894.3K
- Median Position
- $1.1M
Biggest Investors
Institutions with the largest positions in FSMB as of Q3 2025
| Institution | Position Value |
|---|---|
 MORGAN STANLEY RIA/Wealth | $88.3M 0.01% of portfolio |
L LPL Financial LLC Institution | $28.9M 0.01% of portfolio |
 RMR Wealth Builders RIA/Wealth | $19.0M 1.59% of portfolio |
 HighTower Advisors, LLC RIA/Wealth | $16.7M 0.02% of portfolio |
 PFS Partners, LLC RIA/Wealth | $14.1M 6.71% of portfolio |
 UBS Group AG Institution | $13.7M 0.00% of portfolio |
 TruWealth Advisors, LLC RIA/Wealth | $12.9M 0.65% of portfolio |
R ROYAL BANK OF CANADA Institution | $9.1M 0.00% of portfolio |
 Goss Wealth Management LLC RIA/Wealth | $8.9M 0.04% of portfolio |
 RAYMOND JAMES FINANCIAL INC RIA/Wealth | $8.6M 0.00% of portfolio |
Net Capital Flow
Institutional buying and selling activity for FSMB in Q3 2025
- Traded
- −$12.0M
- Buyers
- 67
- Sellers
- 42
- Total Bought
- +$27.6M
- Total Sold
- −$39.6M
- Avg Position
- $2.7M
Biggest Buyers
| Institution | Net Bought |
|---|---|
MORGAN STANLEY RIA/Wealth | +$4.9M +242.3K shares |
 WELLS FARGO & COMPANY/MN Institution | +$2.7M +135.3K shares |
 Gateway Wealth Partners, LLC RIA/Wealth | +$2.1M +104.6K shares |
L LPL Financial LLC Institution | +$2.0M +98.1K shares |
RMR Wealth Builders RIA/Wealth | +$1.6M +81.7K shares |
 Vestmark Advisory Solutions, Inc. Fund of Funds | +$1.4M +71.5K shares |
 Mount Yale Investment Advisors, LLC RIA/Wealth | +$1.4M +71.5K shares |
 Summit Financial, LLC RIA/Wealth | +$1.1M +57.3K shares |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | +$1.1M +55.4K shares |
A Advisor Group Holdings, Inc. Institution | +$930.2K +46.4K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
RAYMOND JAMES FINANCIAL INC RIA/Wealth | −$26.6M −1.3M shares |
 Vishria Bird Financial Group, LLC RIA/Wealth | −$1.8M −89.7K shares |
UBS Group AG Institution | −$1.6M −80.4K shares |
 Visionary Wealth Advisors RIA/Wealth | −$1.5M −75.5K shares |
−$1.2M −59.3K shares | |
J JANE STREET GROUP, LLC Institution | −$772.6K −38.8K shares |
 BB&T CORP Institution | −$600.2K −29.9K shares |
 Simplicity Wealth,LLC RIA/Wealth | −$565.3K −28.4K shares |
 GOLDMAN SACHS GROUP INC Institution | −$548.1K −27.3K shares |
R ROYAL BANK OF CANADA Institution | −$516.8K −25.7K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited FSMB in Q3 2025
- New Positions
- 7
- New Value
- $4.9M
- Exited Positions
- 11
- Exited Value
- $5.9M
New Positions
| Institution | Position Value |
|---|---|
Mount Yale Investment Advisors, LLC RIA/Wealth | $1.4M 71.5K shares |
Vestmark Advisory Solutions, Inc. Fund of Funds | $1.4M 71.5K shares |
Summit Financial, LLC RIA/Wealth | $1.1M 57.3K shares |
 Uniting Wealth Partners, LLC RIA/Wealth | $353.9K 17.6K shares |
C Certified Advisory Corp RIA/Wealth | $249.0K 12.4K shares |
T TIAA TRUST, NATIONAL ASSOCIATION Institution | $207.3K 10.3K shares |
H HAZLETT, BURT & WATSON, INC. Institution | $26.1K 1.3K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
Vishria Bird Financial Group, LLC RIA/Wealth | $1.8M 89.7K shares |
$1.2M 59.3K shares | |
J JANE STREET GROUP, LLC Institution | $772.6K 38.8K shares |
Simplicity Wealth,LLC RIA/Wealth | $565.3K 28.4K shares |
 Armis Advisers, LLC RIA/Wealth | $488.7K 24.6K shares |
T TCFG WEALTH MANAGEMENT, LLC Institution | $356.2K 17.9K shares |
 Alpha Cubed Investments, LLC RIA/Wealth | $270.3K 13.6K shares |
 JOURNEY STRATEGIC WEALTH LLC RIA/Wealth | $247.7K 12.4K shares |
 Bank of New York Mellon Corp Institution | $212.7K 10.7K shares |
 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity | $19.9K 1.0K shares |
Options Activity
Institutions with the largest Call and Put options positions in FSMB 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 FSMB as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
PFS Partners, LLC RIA/Wealth | 6.71% $14.1M |
 EnRich Financial Partners LLC RIA/Wealth | 2.19% $7.7M |
RMR Wealth Builders RIA/Wealth | 1.59% $19.0M |
I Insight Inv LLC Institution | 1.02% $1.7M |
TruWealth Advisors, LLC RIA/Wealth | 0.65% $12.9M |
 ARBOR CAPITAL MANAGEMENT INC /ADV RIA/Wealth | 0.62% $746.6K |
G GENESIS PRIVATE WEALTH, LLC Institution | 0.55% $1.3M |
 Francis Financial, Inc. RIA/Wealth | 0.54% $3.0M |
 Advisory Resource Group RIA/Wealth | 0.49% $2.6M |
 Nilsine Partners, LLC RIA/Wealth | 0.44% $5.0M |
Hedge Fund Spotlight
Discover hedge funds investing in FSMB
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 Short Duration Managed Municipal
- Market Value
- $1.1M
- Shares Held
- 55.4K
- Portfolio Weight
- 0.00%
- Owned Since
- 2025-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% |
