First Trust Municipal High Income ETF
FMHI
25 hedge funds and large institutions have $33.5M invested in First Trust Municipal High Income ETF in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 4 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
150% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 4
25% more funds holding
Funds holding: 20 → 25 (+5)
19% more capital invested
Capital invested by funds: $28.1M → $33.5M (+$5.36M)
11.19% less ownership
Funds ownership: 87.96% → 76.77% (-11%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$2.16M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$712K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$586K |
| 4 |
SCA
Snowden Capital Advisors
New York
|
+$525K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$328K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Prelude Capital Management
New York
|
-$983K |
| 2 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
-$295K |
| 3 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$231K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
-$69.7K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$65.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PFS
26
Prospera Financial Services
Dallas,
Texas
| – | -$231K | -4,614 | Closed |
|
|
AIC
27
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$30K | -600 | Closed |
|
28
Wells Fargo
San Francisco,
California
| – | +$50 | +1 | New |
|
FMHI Hedge Fund Activity: Q1 2019 in Review
25 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q1 2019, worth a combined $33.5M — up 19% from $28.1M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FMHI positions and 3 closed out — a net gain of 5 holders — while 10 added to existing stakes and 4 trimmed.
The largest buyer was LPL Financial, adding an estimated $2.16M. The largest seller was Prelude Capital Management, exiting entirely with an estimated $983K sold.
- 25 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q1 2019, up from 20 in Q4 2018.
- Funds reported $33.5M of First Trust Municipal High Income ETF stock for Q1 2019, up 19% quarter-over-quarter.
- 8 funds opened new First Trust Municipal High Income ETF positions in Q1 2019 and 3 closed out, a net change of +5 holders.
- The largest First Trust Municipal High Income ETF buyer in Q1 2019 was LPL Financial, an estimated $2.16M added.
- The largest First Trust Municipal High Income ETF seller in Q1 2019 was Prelude Capital Management, an estimated $983K sold.
Based on aggregated 13F filings for Q1 2019.