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First Trust Municipal High Income ETF
FMHI

113 hedge funds and large institutions have $232M invested in First Trust Municipal High Income ETF in 2021 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 55 increasing their positions, 21 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

162% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 21

150% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 10

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

15% more capital invested

Capital invested by funds: $201M → $232M (+$30.1M)

14% more funds holding

Funds holding: 99 → 113 (+14)

2.16% less ownership

Funds ownership: 63.91% → 61.75% (-2.2%)

Holders
113
Holders Change
+14
Holders Change %
+14.14%
% of All Funds
1.74%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
25
Increased
55
Reduced
21
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$12.4M
2
Morgan Stanley
Morgan Stanley
New York
+$9.39M
3
MSFS
Main Street Financial Solutions
Pennsylvania
+$4.46M
4
Citadel Advisors
Citadel Advisors
Florida
+$1.41M
5
APWA
Atlas Private Wealth Advisors
New Jersey
+$1.3M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$5.07M
2
RA
RFG Advisory
Alabama
-$3.62M
3
OMC
Old Mission Capital
Illinois
-$2.69M
4
AWA
Arkadios Wealth Advisors
Georgia
-$2.1M
5
LA
LexAurum Advisors
Kansas
-$1.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
MWM
26
Mattern Wealth Management
Kansas
$2.23M -$57.9K -1,036 -3%
Janney Montgomery Scott
27
Janney Montgomery Scott
Pennsylvania
$2.15M +$602K +10,775 +39%
FAIM
28
Financial Advocates Investment Management
Washington
$2.14M +$724K +12,951 +52%
AWM
29
AE Wealth Management
Kansas
$1.85M +$212K +3,802 +13%
MA
30
Mutual Advisors
Nebraska
$1.72M +$98.6K +1,765 +6%
APWA
31
Atlas Private Wealth Advisors
New Jersey
$1.72M +$1.3M +23,317 +317%
TFA
32
Teamwork Financial Advisors
Texas
$1.72M +$77.9K +1,395 +5%
CWMU
33
Caliber Wealth Management (Utah)
Utah
$1.48M +$1.07M +19,116 +257%
RA
34
RFG Advisory
Alabama
$1.41M -$3.62M -64,745 -72%
SWM
35
Spire Wealth Management
Virginia
$1.38M +$768K +13,747 +128%
PTP
36
Platform Technology Partners
New York
$1.35M +$6.87K +123 +0.5%
APWM
37
Atlas Private Wealth Management
New York
$1.3M -$249K -4,452 -16%
OMC
38
Old Mission Capital
Illinois
$1.21M -$2.69M -48,159 -69%
CIAS
39
Capital Investment Advisory Services
North Carolina
$1.02M -$8.38K -150 -0.8%
TWM
40
Triton Wealth Management
Arizona
$1M +$559 +10 +0.1%
Commonwealth Equity Services
41
Commonwealth Equity Services
Massachusetts
$994K +$19.8K +355 +2%
BCI
42
Brinker Capital Investments
Pennsylvania
$969K +$286K +5,119 +42%
EH
43
Equitable Holdings
New York
$967K +$137K +2,450 +17%
NA
44
NewEdge Advisors
Louisiana
$921K +$156K +2,800 +21%
HW
45
Hedeker Wealth
Illinois
$890K +$58.1K +1,040 +7%
Stifel Financial
46
Stifel Financial
Missouri
$878K +$218K +3,901 +33%
GVAG
47
Great Valley Advisor Group
Delaware
$825K +$148K +2,648 +22%
USCWA
48
U.S. Capital Wealth Advisors
Texas
$814K +$41.9K +750 +5%
CPIG
49
Chicago Partners Investment Group
Illinois
$781K +$59.7K +1,069 +8%
EWM
50
Echo Wealth Management
Minnesota
$763K +$117K +2,099 +18%
1
2
3 4 5

FMHI Hedge Fund Activity: Q4 2021 in Review

113 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q4 2021, worth a combined $232M — up 15% from $201M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new FMHI positions and 10 closed out — a net gain of 15 holders — while 55 added to existing stakes and 21 trimmed.

The largest buyer was LPL Financial, adding an estimated $12.4M. The largest seller was Jane Street, exiting entirely with an estimated $5.07M sold.

  • 113 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q4 2021, up from 99 in Q3 2021.
  • Funds reported $232M of First Trust Municipal High Income ETF stock for Q4 2021, up 15% quarter-over-quarter.
  • 25 funds opened new First Trust Municipal High Income ETF positions in Q4 2021 and 10 closed out, a net change of +15 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q4 2021 was LPL Financial, an estimated $12.4M added.
  • The largest First Trust Municipal High Income ETF seller in Q4 2021 was Jane Street, an estimated $5.07M sold.

Based on aggregated 13F filings for Q4 2021.