First Trust Municipal High Income ETF
FMHI
48 hedge funds and large institutions have $58.6M invested in First Trust Municipal High Income ETF in 2020 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 4 closing their positions.
275% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 4
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
23% more funds holding
Funds holding: 39 → 48 (+9)
8% more capital invested
Capital invested by funds: $54.1M → $58.6M (+$4.47M)
3.23% more ownership
Funds ownership: 57.98% → 61.21% (+3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$4.75M |
| 2 |
Morgan Stanley
New York
|
+$1.99M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.94M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$977K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$843K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
-$3.08M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.16M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$881K |
| 4 |
FHC
First Heartland Consultants
Lake St. Louis,
Missouri
|
-$745K |
| 5 |
MA
Mutual Advisors
Omaha,
Nebraska
|
-$598K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TCWM
51
Total Clarity Wealth Management
St. Charles,
Illinois
| – | -$4K | -70 | Closed |
|
52
Wells Fargo
San Francisco,
California
| – | -$53 | -1 | -50% |
|
FMHI Hedge Fund Activity: Q1 2020 in Review
48 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q1 2020, worth a combined $58.6M — up 8.3% from $54.1M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FMHI positions and 4 closed out — a net gain of 11 holders — while 17 added to existing stakes and 13 trimmed.
The largest buyer was Jane Street, adding an estimated $4.75M. The largest seller was Gladstone Institutional Advisory, cutting an estimated $3.08M.
- 48 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q1 2020, up from 39 in Q4 2019.
- Funds reported $58.6M of First Trust Municipal High Income ETF stock for Q1 2020, up 8.3% quarter-over-quarter.
- 15 funds opened new First Trust Municipal High Income ETF positions in Q1 2020 and 4 closed out, a net change of +11 holders.
- The largest First Trust Municipal High Income ETF buyer in Q1 2020 was Jane Street, an estimated $4.75M added.
- The largest First Trust Municipal High Income ETF seller in Q1 2020 was Gladstone Institutional Advisory, an estimated $3.08M sold.
Based on aggregated 13F filings for Q1 2020.