First Trust Municipal High Income ETF
FMHI
39 hedge funds and large institutions have $54.1M invested in First Trust Municipal High Income ETF in 2019 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 2 reducing their positions, and 4 closing their positions.
900% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 2
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
28% more capital invested
Capital invested by funds: $42.1M → $54.1M (+$12M)
26% more funds holding
Funds holding: 31 → 39 (+8)
0.63% less ownership
Funds ownership: 58.61% → 57.98% (-0.63%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
+$1.94M |
| 2 |
Jane Street
New York
|
+$1.36M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.06M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$977K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$811K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
-$511K |
| 2 |
AIC
Ameritas Investment Company
Lincoln,
Nebraska
|
-$32K |
| 3 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
-$20.2K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$8.94K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$6K |
FMHI Hedge Fund Activity: Q4 2019 in Review
39 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q4 2019, worth a combined $54.1M — up 28% from $42.1M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FMHI positions and 4 closed out — a net gain of 9 holders — while 20 added to existing stakes and 2 trimmed.
The largest buyer was Truist Financial, opening a new position worth an estimated $1.94M. The largest seller was Nations Financial Group, exiting entirely with an estimated $511K sold.
- 39 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q4 2019, up from 31 in Q3 2019.
- Funds reported $54.1M of First Trust Municipal High Income ETF stock for Q4 2019, up 28% quarter-over-quarter.
- 13 funds opened new First Trust Municipal High Income ETF positions in Q4 2019 and 4 closed out, a net change of +9 holders.
- The largest First Trust Municipal High Income ETF buyer in Q4 2019 was Truist Financial, an estimated $1.94M added.
- The largest First Trust Municipal High Income ETF seller in Q4 2019 was Nations Financial Group, an estimated $511K sold.
Based on aggregated 13F filings for Q4 2019.