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First Trust Municipal High Income ETF
FMHI

176 hedge funds and large institutions have $545M invested in First Trust Municipal High Income ETF in 2024 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 84 increasing their positions, 41 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

240% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 10

105% more repeat investments, than reductions

Existing positions increased: 84 | Existing positions reduced: 41

11% more funds holding

Funds holding: 158 → 176 (+18)

3% more capital invested

Capital invested by funds: $528M → $545M (+$17.8M)

0.2% more ownership

Funds ownership: 72.66% → 72.86% (+0.2%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
176
Holders Change
+18
Holders Change %
+11.39%
% of All Funds
2.32%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
34
Increased
84
Reduced
41
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$5.27M
2
LPL Financial
LPL Financial
California
+$4.42M
3
UBS Group
UBS Group
Switzerland
+$3.58M
4
Bank of America
Bank of America
North Carolina
+$2.86M
5
Citigroup
Citigroup
New York
+$2.79M

Top Sellers

Rank Fund Capital Flow
1
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
-$18.1M
2
AA
AJ Advisors
Tennessee
-$2.95M
3
PAG
Private Advisory Group
Washington
-$2.25M
4
Jane Street
Jane Street
New York
-$1.1M
5
HighTower Advisors
HighTower Advisors
Illinois
-$887K
Name Holding Trade Value Shares
Change 		Change in
Stake
CWM
26
Cornerstone Wealth Management
Missouri
$3.58M +$113K +2,311 +3%
PAG
27
Private Advisor Group
New Jersey
$3.55M -$346K -7,090 -9%
MW
28
MBL Wealth
North Carolina
$3.53M +$81.3K +1,665 +2%
VWA
29
Visionary Wealth Advisors
Illinois
$3.51M +$686K +14,058 +24%
SI
30
Stephens Inc
Arkansas
$3.31M -$68.4K -1,400 -2%
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$3.16M +$55.3K +1,133 +2%
Osaic Holdings
32
Osaic Holdings
Arizona
$3.02M -$829K -16,975 -21%
RA
33
RFG Advisory
Alabama
$2.99M +$1.15M +23,548 +61%
PTP
34
Platform Technology Partners
New York
$2.91M +$40.6K +831 +1%
SA
35
Stewardship Advisors
Pennsylvania
$2.8M +$171K +3,511 +6%
RT
36
Rockland Trust
Massachusetts
$2.75M -$378K -7,738 -12%
AAS
37
Avantax Advisory Services
Texas
$2.7M +$1.33M +27,226 +95%
GA
38
GSG Advisors
New Jersey
$2.66M +$147K +3,013 +6%
Carson Wealth (CWM LLC)
39
Carson Wealth (CWM LLC)
Nebraska
$2.64M +$1.49M +30,586 +127%
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$2.62M +$376K +7,695 +17%
Bank of New York Mellon
41
Bank of New York Mellon
New York
$2.45M -$90K -1,843 -3%
FAIM
42
Financial Advocates Investment Management
Washington
$2.43M -$201K -4,120 -8%
FHA
43
First Horizon Advisors
Tennessee
$2.39M +$2.42M +49,500 New
EH
44
Equitable Holdings
New York
$2.33M +$128K +2,626 +6%
ARG
45
Advisory Resource Group
Oklahoma
$2.21M +$80.4K +1,646 +4%
Jane Street
46
Jane Street
New York
$2.13M -$1.1M -22,515 -34%
KAS
47
Kestra Advisory Services
Texas
$2.13M +$240K +4,919 +13%
DADC
48
D.A. Davidson & Co
Montana
$2.13M +$27.8K +570 +1%
SPIA
49
Steward Partners Investment Advisory
New York
$1.82M -$446K -9,124 -19%
MWG
50
Martin Worley Group
Utah
$1.82M +$1.84M +37,694 New
1
2
3 4 5

FMHI Hedge Fund Activity: Q4 2024 in Review

176 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q4 2024, worth a combined $545M — up 3.4% from $528M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new FMHI positions and 10 closed out — a net gain of 24 holders — while 84 added to existing stakes and 41 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $5.27M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $18.1M.

  • 176 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q4 2024, up from 158 in Q3 2024.
  • Funds reported $545M of First Trust Municipal High Income ETF stock for Q4 2024, up 3.4% quarter-over-quarter.
  • 34 funds opened new First Trust Municipal High Income ETF positions in Q4 2024 and 10 closed out, a net change of +24 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q4 2024 was Morgan Stanley, an estimated $5.27M added.
  • The largest First Trust Municipal High Income ETF seller in Q4 2024 was Wealth Enhancement Advisory Services, an estimated $18.1M sold.

Based on aggregated 13F filings for Q4 2024.