First Trust Municipal High Income ETF
FMHI
100 hedge funds and large institutions have $180M invested in First Trust Municipal High Income ETF in 2022 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 39 increasing their positions, 37 reducing their positions, and 18 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 37
4% less funds holding
Funds holding: 104 → 100 (-4)
4.81% less ownership
Funds ownership: 65.14% → 60.33% (-4.8%)
10% less capital invested
Capital invested by funds: $200M → $180M (-$19.6M)
22% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 18
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RT
Rockland Trust
Hanover,
Massachusetts
|
+$9.32M |
| 2 |
Jane Street
New York
|
+$2.94M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.57M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.63M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$973K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.92M |
| 2 |
EFL
ERn Financial LLC
Middleton,
Wisconsin
|
-$5.35M |
| 3 |
GSC
G&S Capital
Denver,
Colorado
|
-$4.54M |
| 4 |
MSFS
Main Street Financial Solutions
Newtown,
Pennsylvania
|
-$3.14M |
| 5 |
GVAG
Great Valley Advisor Group
Wilmington,
Delaware
|
-$2.32M |
FMHI Hedge Fund Activity: Q3 2022 in Review
100 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q3 2022, worth a combined $180M — down 9.8% from $200M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FMHI and 14 opened new positions — a net loss of 4 holders — while 37 trimmed existing stakes and 39 added.
The largest buyer was Rockland Trust, adding an estimated $9.32M. The largest seller was Morgan Stanley, cutting an estimated $6.92M.
- 100 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q3 2022, down from 104 in Q2 2022.
- Funds reported $180M of First Trust Municipal High Income ETF stock for Q3 2022, down 9.8% quarter-over-quarter.
- 14 funds opened new First Trust Municipal High Income ETF positions in Q3 2022 and 18 closed out, a net change of -4 holders.
- The largest First Trust Municipal High Income ETF buyer in Q3 2022 was Rockland Trust, an estimated $9.32M added.
- The largest First Trust Municipal High Income ETF seller in Q3 2022 was Morgan Stanley, an estimated $6.92M sold.
Based on aggregated 13F filings for Q3 2022.