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First Trust Municipal High Income ETF
FMHI

86 hedge funds and large institutions have $170M invested in First Trust Municipal High Income ETF in 2021 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 16 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 6

150% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 16

36% more capital invested

Capital invested by funds: $124M → $170M (+$45.4M)

19% more funds holding

Funds holding: 72 → 86 (+14)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.28% less ownership

Funds ownership: 69.13% → 67.85% (-1.3%)

Holders
86
Holders Change
+14
Holders Change %
+19.44%
% of All Funds
1.5%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
20
Increased
40
Reduced
16
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$10.8M
2
Citigroup
Citigroup
New York
+$4.77M
3
RA
RFG Advisory
Alabama
+$4.54M
4
Citadel Advisors
Citadel Advisors
Florida
+$3.48M
5
LPL Financial
LPL Financial
California
+$3.35M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$2.85M
2
SWM
Spire Wealth Management
Virginia
-$1.31M
3
GSC
G&S Capital
Colorado
-$877K
4
RWA
Redhawk Wealth Advisors
Minnesota
-$770K
5
SPIA
Steward Partners Investment Advisory
New York
-$762K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWP
26
Stratos Wealth Partners
Ohio
$1.63M +$640K +11,509 +66%
RJFSA
27
Raymond James Financial Services Advisors
Florida
$1.63M +$682K +12,268 +74%
OMC
28
Old Mission Capital
Illinois
$1.56M +$1.54M +27,721 New
Truist Financial
29
Truist Financial
North Carolina
$1.55M -$86.1K -1,550 -5%
KAS
30
Kestra Advisory Services
Texas
$1.52M +$585K +10,518 +63%
APWM
31
Atlas Private Wealth Management
New York
$1.51M +$72K +1,295 +5%
MA
32
Mutual Advisors
Nebraska
$1.41M +$133K +2,387 +11%
PTP
33
Platform Technology Partners
New York
$1.33M +$1.32M +23,675 New
AWM
34
AE Wealth Management
Kansas
$1.29M +$68.2K +1,227 +6%
TFA
35
Teamwork Financial Advisors
Texas
$1.29M +$68.2K +1,227 +6%
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$1.14M +$639K +11,494 +130%
FTUS
37
Flow Traders U.S.
New York
$1.07M +$175K +3,153 +20%
Janney Montgomery Scott
38
Janney Montgomery Scott
Pennsylvania
$1.02M +$377K +6,776 +60%
WCFA
39
Walkner Condon Financial Advisors
Wisconsin
$1.01M -$5K -90 -0.5%
TWM
40
Triton Wealth Management
Arizona
$992K -$611 -11 -0.1%
CIAS
41
Capital Investment Advisory Services
North Carolina
$980K +$52.8K +950 +6%
FAIM
42
Financial Advocates Investment Management
Washington
$972K -$162K -2,907 -14%
NA
43
NewEdge Advisors
Louisiana
$755K -$3.95K -71 -0.5%
Jane Street
44
Jane Street
New York
$741K -$2.85M -51,325 -80%
CPIG
45
Chicago Partners Investment Group
Illinois
$726K +$67.7K +1,219 +11%
UR
46
USCA RIA
Texas
$717K +$395K +7,100 +126%
EWM
47
Echo Wealth Management
Minnesota
$714K +$119K +2,147 +21%
SWM
48
Spire Wealth Management
Virginia
$601K -$1.31M -23,498 -69%
MWM
49
Mattern Wealth Management
Kansas
$579K +$566K +10,191 New
EH
50
Equitable Holdings
New York
$576K +$353K +6,345 +163%
1
2
3 4

FMHI Hedge Fund Activity: Q2 2021 in Review

86 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q2 2021, worth a combined $170M — up 36% from $124M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new FMHI positions and 6 closed out — a net gain of 14 holders — while 40 added to existing stakes and 16 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $10.8M. The largest seller was Jane Street, cutting an estimated $2.85M.

  • 86 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q2 2021, up from 72 in Q1 2021.
  • Funds reported $170M of First Trust Municipal High Income ETF stock for Q2 2021, up 36% quarter-over-quarter.
  • 20 funds opened new First Trust Municipal High Income ETF positions in Q2 2021 and 6 closed out, a net change of +14 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q2 2021 was Morgan Stanley, an estimated $10.8M added.
  • The largest First Trust Municipal High Income ETF seller in Q2 2021 was Jane Street, an estimated $2.85M sold.

Based on aggregated 13F filings for Q2 2021.