First Trust Municipal High Income ETF
FMHI
54 hedge funds and large institutions have $73.6M invested in First Trust Municipal High Income ETF in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 14 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
71% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 14
23% more capital invested
Capital invested by funds: $59.8M → $73.6M (+$13.8M)
13% more funds holding
Funds holding: 48 → 54 (+6)
2.7% more ownership
Funds ownership: 60.33% → 63.03% (+2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GSC
G&S Capital
Denver,
Colorado
|
+$5.76M |
| 2 |
Morgan Stanley
New York
|
+$2.8M |
| 3 |
LPL Financial
San Diego,
California
|
+$2.55M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.84M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$889K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$2.62M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$808K |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$464K |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$378K |
| 5 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$299K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PFS
51
Prospera Financial Services
Dallas,
Texas
| $34K | -$299K | -5,780 | -90% |
|
52
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $20K | – | – | – |
|
|
NNP
53
Nachman Norwood & Parrott
Greenville,
South Carolina
| $10K | +$10.5K | +202 | New |
|
|
CS
54
Credit Suisse
Zurich,
Switzerland
| – | -$257K | -5,059 | Closed |
|
|
CAN
55
Cetera Advisor Networks
El Segundo,
California
| – | -$119K | -2,344 | Closed |
|
|
AWM
56
Apollon Wealth Management
Mount Pleasant,
South Carolina
| – | -$60K | -1,184 | Closed |
|
FMHI Hedge Fund Activity: Q3 2020 in Review
54 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q3 2020, worth a combined $73.6M — up 23% from $59.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FMHI positions and 3 closed out — a net gain of 6 holders — while 24 added to existing stakes and 14 trimmed.
The largest buyer was G&S Capital, opening a new position worth an estimated $5.76M. The largest seller was Jane Street, cutting an estimated $2.62M.
- 54 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q3 2020, up from 48 in Q2 2020.
- Funds reported $73.6M of First Trust Municipal High Income ETF stock for Q3 2020, up 23% quarter-over-quarter.
- 9 funds opened new First Trust Municipal High Income ETF positions in Q3 2020 and 3 closed out, a net change of +6 holders.
- The largest First Trust Municipal High Income ETF buyer in Q3 2020 was G&S Capital, an estimated $5.76M added.
- The largest First Trust Municipal High Income ETF seller in Q3 2020 was Jane Street, an estimated $2.62M sold.
Based on aggregated 13F filings for Q3 2020.