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First Trust Municipal High Income ETF

54 hedge funds and large institutions have $73.6M invested in First Trust Municipal High Income ETF in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

71% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 14

23% more capital invested

Capital invested by funds: $59.8M → $73.6M (+$13.8M)

13% more funds holding

Funds holding: 4854 (+6)

2.7% more ownership

Funds ownership: 60.33%63.03% (+2.7%)

Holders
54
Holders Change
+6
Holders Change %
+12.5%
% of All Funds
1.09%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
9
Increased
24
Reduced
14
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$495K +$205K +3,966 +71%
CPIG
27
Chicago Partners Investment Group
Illinois
$473K +$18.7K +362 +4%
FAIM
28
Financial Advocates Investment Management
Washington
$463K +$725 +14 +0.2%
UR
29
USCA RIA
Texas
$460K +$460K +8,884 New
RJFSA
30
Raymond James Financial Services Advisors
Florida
$456K +$74K +1,429 +19%
NA
31
NewEdge Advisors
Louisiana
$426K -$378K -7,303 -47%
SWP
32
Stratos Wealth Partners
Ohio
$378K +$77K +1,486 +26%
TWM
33
Triton Wealth Management
Arizona
$367K -$85.8K -1,657 -19%
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$357K -$808K -15,601 -69%
CWM
35
Cornerstone Wealth Management
Missouri
$330K -$105K -2,037 -24%
GCA
36
Genesee Capital Advisors
New York
$293K +$2.38K +46 +0.8%
MA
37
Mutual Advisors
Nebraska
$265K +$24.5K +474 +10%
PFGIA
38
Patriot Financial Group Insurance Agency
Massachusetts
$250K +$29.8K +575 +13%
KAS
39
Kestra Advisory Services
Texas
$224K +$3.42K +66 New
IA
40
IFP Advisors
Florida
$223K +$621 +12 +0.3%
LFAS
41
Level Four Advisory Services
Texas
$207K -$140K -2,701 -40%
BF
42
BOK Financial
Oklahoma
$205K +$205K +3,966 New
WI
43
Wintrust Investments
Illinois
$200K +$200K +3,863 New
CAPTRUST Financial Advisors
44
CAPTRUST Financial Advisors
North Carolina
$106K
BEI
45
Benjamin Edwards Inc
Missouri
$99K
SFS
46
Sowell Financial Services
Arkansas
$97K
BFEC
47
Benjamin F. Edwards & Company
Missouri
$90K -$1.14K -22 -1%
ASN
48
Advisory Services Network
Georgia
$66K +$66.4K +1,282 New
KC
49
Knuff & Co
California
$65K
UBS Group
50
UBS Group
Switzerland
$51K -$64.3K -1,242 -56%

FMHI Hedge Fund Activity: Q3 2020 in Review

54 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q3 2020, worth a combined $73.6M — up 23% from $59.8M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new FMHI positions and 3 closed out — a net gain of 6 holders — while 24 added to existing stakes and 14 trimmed.

The largest buyer was G&S Capital, opening a new position worth an estimated $5.76M. The largest seller was Jane Street, cutting an estimated $2.62M.

  • 54 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q3 2020, up from 48 in Q2 2020.
  • Funds reported $73.6M of First Trust Municipal High Income ETF stock for Q3 2020, up 23% quarter-over-quarter.
  • 9 funds opened new First Trust Municipal High Income ETF positions in Q3 2020 and 3 closed out, a net change of +6 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q3 2020 was G&S Capital, an estimated $5.76M added.
  • The largest First Trust Municipal High Income ETF seller in Q3 2020 was Jane Street, an estimated $2.62M sold.

Based on aggregated 13F filings for Q3 2020.