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First Trust Municipal High Income ETF
FMHI

86 hedge funds and large institutions have $170M invested in First Trust Municipal High Income ETF in 2021 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 16 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 6

150% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 16

36% more capital invested

Capital invested by funds: $124M → $170M (+$45.4M)

19% more funds holding

Funds holding: 72 → 86 (+14)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.28% less ownership

Funds ownership: 69.13% → 67.85% (-1.3%)

Holders
86
Holders Change
+14
Holders Change %
+19.44%
% of All Funds
1.5%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
20
Increased
40
Reduced
16
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$10.8M
2
Citigroup
Citigroup
New York
+$4.77M
3
RA
RFG Advisory
Alabama
+$4.54M
4
Citadel Advisors
Citadel Advisors
Florida
+$3.48M
5
LPL Financial
LPL Financial
California
+$3.35M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$2.85M
2
SWM
Spire Wealth Management
Virginia
-$1.31M
3
GSC
G&S Capital
Colorado
-$877K
4
RWA
Redhawk Wealth Advisors
Minnesota
-$770K
5
SPIA
Steward Partners Investment Advisory
New York
-$762K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWA
51
Stratos Wealth Advisors
Ohio
$537K -$72.5K -1,305 -12%
BCI
52
Brinker Capital Investments
Pennsylvania
$523K +$517K +9,298 New
T
53
TRUADVICE
Florida
$506K -$679K -12,212 -58%
Wells Fargo
54
Wells Fargo
California
$498K +$158K +2,850 +47%
FPWM
55
FSB Premier Wealth Management
Iowa
$486K – – –
HI
56
Harbour Investments
Wisconsin
$476K +$169K +3,033 +56%
CWMU
57
Caliber Wealth Management (Utah)
Utah
$426K +$421K +7,569 New
AIC
58
Ameritas Investment Company
Nebraska
$411K +$13.9K +250 +4%
CS
59
Credit Suisse
Switzerland
$405K -$90.7K -1,633 -18%
CWM
60
Cornerstone Wealth Management
Missouri
$343K +$1.5K +27 +0.4%
VAS
61
Vestmark Advisory Solutions
Massachusetts
$341K +$337K +6,060 New
IWS
62
Insight Wealth Strategies
California
$327K +$323K +5,821 New
CWA
63
Clearview Wealth Advisors
Oregon
$297K +$294K +5,289 New
PFGIA
64
Patriot Financial Group Insurance Agency
Massachusetts
$262K -$17K -306 -6%
SBL
65
Sargent Bickham Lagudis
Colorado
$257K +$254K +4,578 New
WWMSC
66
Wagner Wealth Management (South Carolina)
South Carolina
$248K +$209K +3,757 +568%
CAG
67
Csenge Advisory Group
Florida
$247K +$25.1K +451 +11%
KIG
68
Kowal Investment Group
Wisconsin
$245K +$1.28K +23 +0.5%
CAN
69
Cetera Advisor Networks
California
$245K +$242K +4,359 New
SPAS
70
Spectrum Planning & Advisory Services
California
$231K – – –
Baird Financial Group
71
Baird Financial Group
Wisconsin
$225K +$222K +4,002 New
WI
72
Wintrust Investments
Illinois
$217K +$214K +3,858 New
ERWM
73
Elk River Wealth Management
Colorado
$211K – – –
NFG
74
Next Financial Group
Texas
$197K +$195K +3,500 New
ASN
75
Advisory Services Network
Georgia
$140K +$138K +2,486 New
1 2
3
4

FMHI Hedge Fund Activity: Q2 2021 in Review

86 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q2 2021, worth a combined $170M — up 36% from $124M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new FMHI positions and 6 closed out — a net gain of 14 holders — while 40 added to existing stakes and 16 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $10.8M. The largest seller was Jane Street, cutting an estimated $2.85M.

  • 86 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q2 2021, up from 72 in Q1 2021.
  • Funds reported $170M of First Trust Municipal High Income ETF stock for Q2 2021, up 36% quarter-over-quarter.
  • 20 funds opened new First Trust Municipal High Income ETF positions in Q2 2021 and 6 closed out, a net change of +14 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q2 2021 was Morgan Stanley, an estimated $10.8M added.
  • The largest First Trust Municipal High Income ETF seller in Q2 2021 was Jane Street, an estimated $2.85M sold.

Based on aggregated 13F filings for Q2 2021.