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First Trust Municipal High Income ETF
FMHI

65 hedge funds and large institutions have $96.2M invested in First Trust Municipal High Income ETF in 2020 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 30 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 3

114% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 14

31% more capital invested

Capital invested by funds: $73.6M → $96.2M (+$22.6M)

20% more funds holding

Funds holding: 54 → 65 (+11)

5.8% more ownership

Funds ownership: 63.03% → 68.83% (+5.8%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
65
Holders Change
+11
Holders Change %
+20.37%
% of All Funds
1.15%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
15
Increased
30
Reduced
14
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GSC
G&S Capital
Colorado
+$2.98M
2
Morgan Stanley
Morgan Stanley
New York
+$2.87M
3
FTUS
Flow Traders U.S.
New York
+$2.73M
4
LA
LexAurum Advisors
Kansas
+$2.26M
5
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$1.93M

Top Sellers

Rank Fund Capital Flow
1
Osaic Holdings
Osaic Holdings
Arizona
-$928K
2
Jane Street
Jane Street
New York
-$925K
3
Bank of America
Bank of America
North Carolina
-$849K
4
PCM
Prelude Capital Management
New York
-$639K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$388K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAIM
26
Financial Advocates Investment Management
Washington
$924K +$434K +8,264 +92%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$894K +$512K +9,740 +141%
CIAS
28
Capital Investment Advisory Services
North Carolina
$874K +$47.3K +900 +6%
WCFA
29
Walkner Condon Financial Advisors
Wisconsin
$834K +$86.7K +1,651 +12%
CS
30
Credit Suisse
Switzerland
$803K +$785K +14,945 New
NA
31
NewEdge Advisors
Louisiana
$599K +$153K +2,909 +35%
SWA
32
Stratos Wealth Advisors
Ohio
$569K -$78.4K -1,493 -12%
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$564K +$49.1K +935 +10%
CPIG
34
Chicago Partners Investment Group
Illinois
$550K +$54K +1,027 +11%
SWP
35
Stratos Wealth Partners
Ohio
$464K +$69.3K +1,320 +18%
FPWM
36
FSB Premier Wealth Management
Iowa
$464K +$454K +8,650 New
UR
37
USCA RIA
Texas
$344K -$130K -2,484 -28%
CWM
38
Cornerstone Wealth Management
Missouri
$344K +$1.94K +37 +0.6%
GCA
39
Genesee Capital Advisors
New York
$307K +$2.42K +46 +0.8%
PFS
40
Prospera Financial Services
Texas
$305K +$264K +5,031 +762%
MA
41
Mutual Advisors
Nebraska
$298K +$22.9K +435 +8%
RJFSA
42
Raymond James Financial Services Advisors
Florida
$285K -$184K -3,501 -40%
FHC
43
First Heartland Consultants
Missouri
$271K +$265K +5,050 New
PFGIA
44
Patriot Financial Group Insurance Agency
Massachusetts
$267K +$6.93K +132 +3%
Janney Montgomery Scott
45
Janney Montgomery Scott
Pennsylvania
$265K +$259K +4,930 New
KIG
46
Kowal Investment Group
Wisconsin
$233K +$227K +4,314 New
AFP
47
Ausdal Financial Partners
Iowa
$227K +$222K +4,218 New
SPAS
48
Spectrum Planning & Advisory Services
California
$221K +$216K +4,108 New
RWA
49
Redhawk Wealth Advisors
Minnesota
$219K +$214K +4,071 New
WI
50
Wintrust Investments
Illinois
$218K +$9.93K +189 +5%
1
2
3

FMHI Hedge Fund Activity: Q4 2020 in Review

65 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q4 2020, worth a combined $96.2M — up 31% from $73.6M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new FMHI positions and 3 closed out — a net gain of 12 holders — while 30 added to existing stakes and 14 trimmed.

The largest buyer was G&S Capital, adding an estimated $2.98M. The largest seller was Osaic Holdings, cutting an estimated $928K.

  • 65 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q4 2020, up from 54 in Q3 2020.
  • Funds reported $96.2M of First Trust Municipal High Income ETF stock for Q4 2020, up 31% quarter-over-quarter.
  • 15 funds opened new First Trust Municipal High Income ETF positions in Q4 2020 and 3 closed out, a net change of +12 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q4 2020 was G&S Capital, an estimated $2.98M added.
  • The largest First Trust Municipal High Income ETF seller in Q4 2020 was Osaic Holdings, an estimated $928K sold.

Based on aggregated 13F filings for Q4 2020.