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First Trust Municipal High Income ETF
FMHI

118 hedge funds and large institutions have $241M invested in First Trust Municipal High Income ETF in 2023 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 47 increasing their positions, 38 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

24% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 38

10% more capital invested

Capital invested by funds: $220M → $241M (+$21.9M)

4% more funds holding

Funds holding: 114 → 118 (+4)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3.26% less ownership

Funds ownership: 67.35% → 64.09% (-3.3%)

Holders
118
Holders Change
+4
Holders Change %
+3.51%
% of All Funds
1.85%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
16
Increased
47
Reduced
38
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$5.57M
2
Wells Fargo
Wells Fargo
California
+$4.89M
3
APWA
Atlas Private Wealth Advisors
New Jersey
+$3.03M
4
VWA
Visionary Wealth Advisors
Illinois
+$2.4M
5
CA
Crumly & Associates
Illinois
+$2.12M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$7.29M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$983K
3
RT
Rockland Trust
Massachusetts
-$891K
4
LPL Financial
LPL Financial
California
-$815K
5
BWM
Boyd Wealth Management
California
-$753K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
26
Steward Partners Investment Advisory
New York
$2.11M -$260K -5,541 -11%
ARG
27
Advisory Resource Group
Oklahoma
$2.08M -$82.3K -1,756 -4%
MA
28
Mutual Advisors
Nebraska
$1.77M -$150K -3,190 -8%
Jane Street
29
Jane Street
New York
$1.66M -$273K -5,827 -14%
TWM
30
Triton Wealth Management
Arizona
$1.55M -$1.36K -29 -0.1%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$1.47M -$205K -4,380 -12%
IA
32
IFP Advisors
Florida
$1.46M -$480K -10,230 -25%
SI
33
Stephens Inc
Arkansas
$1.44M +$1.43M +30,600 New
BCI
34
Brinker Capital Investments
Pennsylvania
$1.39M +$556K +11,860 +67%
OPS
35
Orion Portfolio Solutions
Nebraska
$1.39M +$556K +11,860 +67%
Janney Montgomery Scott
36
Janney Montgomery Scott
Pennsylvania
$1.34M +$516K +10,994 +63%
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$1.25M -$96.6K -2,059 -7%
CAPTRUST Financial Advisors
38
CAPTRUST Financial Advisors
North Carolina
$1.24M +$1.24M +26,392 New
FA
39
Flagstar Advisors
New York
$1.24M -$41.8K -891 -3%
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$1.23M +$292K +6,219 +31%
Truist Financial
41
Truist Financial
North Carolina
$1.19M +$107K +2,280 +10%
APWM
42
Atlas Private Wealth Management
New York
$1.19M -$29.8K -635 -2%
KAS
43
Kestra Advisory Services
Texas
$1.16M +$212K +4,515 +23%
EH
44
Equitable Holdings
New York
$1.05M +$453K +9,665 +77%
GVAG
45
Great Valley Advisor Group
Delaware
$1.03M +$269K +5,739 +36%
CIAS
46
Capital Investment Advisory Services
North Carolina
$1.01M -$11.7K -250 -1%
GIA
47
Gladstone Institutional Advisory
Florida
$966K -$35K -747 -4%
CWM
48
Comprehensive Wealth Management
Washington
$947K +$943K +20,113 New
SWP
49
Stratos Wealth Partners
Ohio
$943K +$142K +3,037 +18%
Cetera Investment Advisers
50
Cetera Investment Advisers
Illinois
$912K -$99.3K -2,117 -10%
1
2
3 4 5

FMHI Hedge Fund Activity: Q2 2023 in Review

118 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q2 2023, worth a combined $241M — up 10% from $220M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new FMHI positions and 10 closed out — a net gain of 6 holders — while 47 added to existing stakes and 38 trimmed.

The largest buyer was Rockefeller Capital Management, adding an estimated $5.57M. The largest seller was Bank of America, cutting an estimated $7.29M.

  • 118 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q2 2023, up from 114 in Q1 2023.
  • Funds reported $241M of First Trust Municipal High Income ETF stock for Q2 2023, up 10% quarter-over-quarter.
  • 16 funds opened new First Trust Municipal High Income ETF positions in Q2 2023 and 10 closed out, a net change of +6 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q2 2023 was Rockefeller Capital Management, an estimated $5.57M added.
  • The largest First Trust Municipal High Income ETF seller in Q2 2023 was Bank of America, an estimated $7.29M sold.

Based on aggregated 13F filings for Q2 2023.