First Trust Municipal High Income ETF
FMHI
31 hedge funds and large institutions have $42.1M invested in First Trust Municipal High Income ETF in 2019 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 2 reducing their positions, and 2 closing their positions.
800% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 2
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
19% more funds holding
Funds holding: 26 → 31 (+5)
15% more capital invested
Capital invested by funds: $36.8M → $42.1M (+$5.36M)
5.28% less ownership
Funds ownership: 63.89% → 58.61% (-5.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$1.3M |
| 3 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
+$733K |
| 4 |
CFG
Cooper Financial Group
Irvine,
California
|
+$552K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$536K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.44M |
| 2 |
Jane Street
New York
|
-$1.13M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$215K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$10.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFEC
26
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $121K | +$38.8K | +733 | +48% |
|
|
AIC
27
Ameritas Investment Company
Lincoln,
Nebraska
| $32K | +$31.8K | +600 | New |
|
28
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $20K | – | – | – |
|
29
UBS Group
Zurich,
Switzerland
| $6K | +$5.62K | +106 | New |
|
|
IA
30
IFP Advisors
Tampa,
Florida
| $6K | +$6.36K | +120 | New |
|
|
31
Jane Street
New York
| – | -$1.13M | -21,557 | Closed |
|
|
32
Envestnet Asset Management
Chicago,
Illinois
| – | -$215K | -4,101 | Closed |
|
FMHI Hedge Fund Activity: Q3 2019 in Review
31 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q3 2019, worth a combined $42.1M — up 15% from $36.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FMHI positions and 2 closed out — a net gain of 5 holders — while 18 added to existing stakes and 2 trimmed.
The largest buyer was LPL Financial, adding an estimated $1.8M. The largest seller was Bank of America, cutting an estimated $1.44M.
- 31 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q3 2019, up from 26 in Q2 2019.
- Funds reported $42.1M of First Trust Municipal High Income ETF stock for Q3 2019, up 15% quarter-over-quarter.
- 7 funds opened new First Trust Municipal High Income ETF positions in Q3 2019 and 2 closed out, a net change of +5 holders.
- The largest First Trust Municipal High Income ETF buyer in Q3 2019 was LPL Financial, an estimated $1.8M added.
- The largest First Trust Municipal High Income ETF seller in Q3 2019 was Bank of America, an estimated $1.44M sold.
Based on aggregated 13F filings for Q3 2019.