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First Trust Municipal High Income ETF
FMHI

115 hedge funds and large institutions have $212M invested in First Trust Municipal High Income ETF in 2022 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 48 increasing their positions, 40 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 14

20% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 40

2% more funds holding

Funds holding: 113 → 115 (+2)

0.75% less ownership

Funds ownership: 61.75% → 61.01% (-0.75%)

8% less capital invested

Capital invested by funds: $232M → $212M (-$19.2M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
115
Holders Change
+2
Holders Change %
+1.77%
% of All Funds
1.81%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
19
Increased
48
Reduced
40
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
+$10.1M
2
Jane Street
Jane Street
New York
+$5.38M
3
Morgan Stanley
Morgan Stanley
New York
+$3.19M
4
QA
Quantitative Advantage
Minnesota
+$1.48M
5
IA
IFP Advisors
Florida
+$1.26M

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$4.62M
2
RH
RFG Holdings
Texas
-$4.29M
3
Citadel Advisors
Citadel Advisors
Florida
-$2.55M
4
TA
TKG Advisors
Indiana
-$1.97M
5
FHC
First Heartland Consultants
Missouri
-$1.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
FAIM
26
Financial Advocates Investment Management
Washington
$2.02M +$89.9K +1,672 +4%
MA
27
Mutual Advisors
Nebraska
$1.96M +$404K +7,512 +24%
PTP
28
Platform Technology Partners
New York
$1.64M +$421K +7,826 +32%
MWM
29
Mattern Wealth Management
Kansas
$1.53M -$524K -9,744 -25%
QA
30
Quantitative Advantage
Minnesota
$1.41M +$1.48M +27,480 New
APWM
31
Atlas Private Wealth Management
New York
$1.19M +$2.04K +38 +0.2%
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$1.11M -$896K -16,666 -44%
WWMSC
33
Wagner Wealth Management (South Carolina)
South Carolina
$1.04M +$575K +10,699 +111%
CIAS
34
Capital Investment Advisory Services
North Carolina
$1.04M +$116K +2,150 +12%
TWM
35
Triton Wealth Management
Arizona
$1M – – –
EH
36
Equitable Holdings
New York
$888K +$5.92K +110 +0.6%
WCFA
37
Walkner Condon Financial Advisors
Wisconsin
$881K +$926K +17,214 New
BCI
38
Brinker Capital Investments
Pennsylvania
$871K -$14.4K -268 -2%
SWM
39
Spire Wealth Management
Virginia
$867K -$408K -7,582 -31%
HW
40
Hedeker Wealth
Illinois
$843K +$33.2K +618 +4%
GVAG
41
Great Valley Advisor Group
Delaware
$798K +$47.5K +884 +6%
CWMU
42
Caliber Wealth Management (Utah)
Utah
$766K -$624K -11,609 -44%
Stifel Financial
43
Stifel Financial
Missouri
$752K -$51.3K -954 -6%
EWM
44
Echo Wealth Management
Minnesota
$737K +$57.8K +1,074 +8%
ACMA
45
Arbor Capital Management (Alaska)
Alaska
$736K +$67.2K +1,249 +10%
AAS
46
Avantax Advisory Services
Texas
$724K +$761K +14,140 New
CPIG
47
Chicago Partners Investment Group
Illinois
$714K +$27.3K +508 +3%
NA
48
NewEdge Advisors
Louisiana
$661K -$187K -3,483 -21%
PWP
49
Principle Wealth Partners
Connecticut
$636K +$181K +3,360 +37%
CTB
50
Country Trust Bank
Illinois
$605K +$62.2K +1,156 +11%
1
2
3 4 5

FMHI Hedge Fund Activity: Q1 2022 in Review

115 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q1 2022, worth a combined $212M — down 8.3% from $232M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new FMHI positions and 14 closed out — a net gain of 5 holders — while 48 added to existing stakes and 40 trimmed.

The largest buyer was Raymond James Financial Services Advisors, adding an estimated $10.1M. The largest seller was LPL Financial, cutting an estimated $4.62M.

  • 115 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q1 2022, up from 113 in Q4 2021.
  • Funds reported $212M of First Trust Municipal High Income ETF stock for Q1 2022, down 8.3% quarter-over-quarter.
  • 19 funds opened new First Trust Municipal High Income ETF positions in Q1 2022 and 14 closed out, a net change of +5 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q1 2022 was Raymond James Financial Services Advisors, an estimated $10.1M added.
  • The largest First Trust Municipal High Income ETF seller in Q1 2022 was LPL Financial, an estimated $4.62M sold.

Based on aggregated 13F filings for Q1 2022.