First Trust Municipal High Income ETF
FMHI
26 hedge funds and large institutions have $36.8M invested in First Trust Municipal High Income ETF in 2019 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 2 reducing their positions, and 5 closing their positions.
600% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 2
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
10% more capital invested
Capital invested by funds: $33.5M → $36.8M (+$3.31M)
4% more funds holding
Funds holding: 25 → 26 (+1)
12.88% less ownership
Funds ownership: 76.77% → 63.89% (-13%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.16M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.06M |
| 3 |
CFG
Cooper Financial Group
Irvine,
California
|
+$616K |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$475K |
| 5 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
+$410K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.82M |
| 2 |
Jane Street
New York
|
-$846K |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$355K |
| 4 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
-$255K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$216K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.82M | -35,446 | Closed |
|
|
CS
27
Credit Suisse
Zurich,
Switzerland
| – | -$355K | -6,914 | Closed |
|
|
28
Stifel Financial
St. Louis,
Missouri
| – | -$216K | -4,240 | Closed |
|
|
CA
29
Cetera Advisors
Denver,
Colorado
| – | -$82K | -1,600 | Closed |
|
30
UBS Group
Zurich,
Switzerland
| – | -$12K | -230 | Closed |
|
FMHI Hedge Fund Activity: Q2 2019 in Review
26 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q2 2019, worth a combined $36.8M — up 9.9% from $33.5M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FMHI positions and 5 closed out — a net gain of 2 holders — while 14 added to existing stakes and 2 trimmed.
The largest buyer was LPL Financial, adding an estimated $1.16M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $1.82M sold.
- 26 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q2 2019, up from 25 in Q1 2019.
- Funds reported $36.8M of First Trust Municipal High Income ETF stock for Q2 2019, up 9.9% quarter-over-quarter.
- 7 funds opened new First Trust Municipal High Income ETF positions in Q2 2019 and 5 closed out, a net change of +2 holders.
- The largest First Trust Municipal High Income ETF buyer in Q2 2019 was LPL Financial, an estimated $1.16M added.
- The largest First Trust Municipal High Income ETF seller in Q2 2019 was Susquehanna International Group, an estimated $1.82M sold.
Based on aggregated 13F filings for Q2 2019.