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Who owns FMB?

Institutional ownership of First Trust Managed Municipal ETF from Form 13F, Q2 2026

307 institutional managers reported holding First Trust Managed Municipal ETF (FMB) in Form 13F filings for Q2 2026, with 30,958,130 shares worth $1.6B. The largest reported holder was Morgan Stanley. Managers that filed both quarters added a net 1,389,532 shares (+4.7%). 27 opened new positions and 15 sold out.

Funds holding
307
Value held
$1.6B
New / sold out
27 / 15
Net shares, same filers
+4.7%

Holdings as of June 30, 2026, the end of Q2 2026. Managers have 45 days after a quarter ends to file Form 13F (by August 14, 2026 for Q2 2026), so positions may have changed since.

Largest holders of FMB

FundValueShare of 13F holdingsSharesMove
Morgan Stanley$180M11.3%3,496,125Added
LPL Financial LLC$124M7.8%2,423,152Added
Wells Fargo & Company$109M6.9%2,127,424Trimmed
Bank of America Corp$107M6.7%2,078,113Added
UBS Group AG$97.2M6.1%1,891,649Trimmed
Raymond James Financial Inc$64.6M4.1%1,256,709Added
Osaic Holdings, Inc.$46.8M2.9%911,907Added
Avantax Planning Partners, Inc.$43.0M2.7%837,252Trimmed
OneDigital Investment Advisors LLC$40.2M2.5%782,447Added
Cambridge Investment Research Advisors, Inc.$34.0M2.1%662,862Added
Janney Montgomery Scott LLC$26.7M1.7%519,985Added
NewEdge Advisors, LLC$25.6M1.6%497,684Added
Royal Bank of Canada$22.8M1.4%443,110Added
Truist Financial Corp$22.0M1.4%428,848Trimmed
Cetera Investment Advisers$20.4M1.3%396,678Trimmed
RMR Wealth Builders$18.1M1.1%351,741Added
Commonwealth Equity Services, LLC$18.0M1.1%349,602Added
Envestnet Asset Management Inc$17.7M1.1%345,208Added
Rockefeller Capital Management L.P.$16.6M1.0%323,763Added
Stifel Financial Corp$15.3M1.0%298,518Added
True Blue Financial, LLC$14.5M0.9%281,978Added
Jones Financial Companies LLLP$14.1M0.9%273,980Added
Composition Wealth, LLC$12.9M0.8%251,295Trimmed
Wealthspire Advisors, LLC$12.6M0.8%245,248New
Frisch Financial Group, Inc.$11.7M0.7%228,347Added

Share of 13F holdings is each fund's shares as a share of the 30,958,130 FMB shares all 13F filers reported, not of shares outstanding.

Biggest buyers in Q2 2026

  1. Cambridge Investment Research Advisors, Inc. Added+$18.6M
  2. Wealthspire Advisors, LLC New+$12.6M
  3. Vise Technologies, Inc. New+$8.7M
  4. Morgan Stanley Added+$8.0M
  5. NewEdge Advisors, LLC Added+$7.7M
  6. Osaic Holdings, Inc. Added+$6.5M
  7. LPL Financial LLC Added+$4.9M
  8. Integrated Wealth Concepts LLC Added+$3.4M
  9. Logan Stone Capital, LLC Added+$3.4M
  10. Elequin Capital, LP New+$3.0M

Biggest sellers in Q2 2026

  1. Wells Fargo & Company Trimmed-$15.5M
  2. Independent Advisor Alliance Sold out-$11.9M
  3. Summit Financial, LLC Trimmed-$4.4M
  4. Jane Street Group, LLC Trimmed-$2.9M
  5. HFG Wealth Management, LLC Trimmed-$1.6M
  6. Gateway Wealth Partners, LLC Trimmed-$1.5M
  7. Lake Street Private Wealth, LLC Trimmed-$1.4M
  8. Atria Investments, Inc Sold out-$1.1M
  9. Cetera Investment Advisers Trimmed-$1.1M
  10. Merit Financial Group, LLC Trimmed-$1.1M

The change in shares since the quarter before, adjusted for stock splits and priced at the Q2 2026 value per share. Funds bought $127M and sold $55.7M; 134 added and 84 trimmed.

Questions about FMB ownership

Who owns FMB stock?
307 institutional investment managers reported FMB positions in their Form 13F filings for Q2 2026, holding 30,958,130 shares worth $1.6B in total. Morgan Stanley reported the largest position.
Are funds buying or selling FMB?
In Q2 2026, 27 managers opened new FMB positions, 134 added, 84 trimmed and 15 sold out. Managers that filed in both quarters added a net 1,389,532 shares.
How current is this FMB institutional ownership data?
It covers holdings as of the end of Q2 2026. Managers have 45 days after the quarter ends to file Form 13F (by August 14, 2026 for Q2 2026), so positions may have changed since.

From the SEC's Form 13F data sets for Q2 2026: every 13F holdings report, matched to FMB by CUSIP. Options are left out. FMB news and filings · FMB insider trades · Top funds