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First Trust Municipal High Income ETF
FMHI

99 hedge funds and large institutions have $201M invested in First Trust Municipal High Income ETF in 2021 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 57 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

418% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 11

250% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 6

19% more capital invested

Capital invested by funds: $170M → $201M (+$31.6M)

15% more funds holding

Funds holding: 86 → 99 (+13)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3.94% less ownership

Funds ownership: 67.85% → 63.91% (-3.9%)

Holders
99
Holders Change
+13
Holders Change %
+15.12%
% of All Funds
1.73%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
21
Increased
57
Reduced
11
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$5.61M
2
Morgan Stanley
Morgan Stanley
New York
+$4.5M
3
Jane Street
Jane Street
New York
+$4.39M
4
Truist Financial
Truist Financial
North Carolina
+$3.42M
5
OMC
Old Mission Capital
Illinois
+$2.38M

Top Sellers

Rank Fund Capital Flow
1
RWA
Redhawk Wealth Advisors
Minnesota
-$2.89M
2
Citadel Advisors
Citadel Advisors
Florida
-$2.74M
3
WCFA
Walkner Condon Financial Advisors
Wisconsin
-$1.01M
4
FTUS
Flow Traders U.S.
New York
-$857K
5
LA
LexAurum Advisors
Kansas
-$622K
Name Holding Trade Value Shares
Change 		Change in
Stake
EWM
51
Echo Wealth Management
Minnesota
$645K -$57.8K -1,023 -8%
SWM
52
Spire Wealth Management
Virginia
$600K +$4.07K +72 +0.7%
HI
53
Harbour Investments
Wisconsin
$549K +$77.9K +1,377 +16%
CWA
54
Clearview Wealth Advisors
Oregon
$541K +$250K +4,413 +83%
Wells Fargo
55
Wells Fargo
California
$494K – – –
FPWM
56
FSB Premier Wealth Management
Iowa
$482K – – –
IWS
57
Insight Wealth Strategies
California
$482K +$159K +2,815 +48%
BCM
58
Breiter Capital Management
Florida
$444K +$450K +7,954 New
AIC
59
Ameritas Investment Company
Nebraska
$417K +$12.8K +226 +3%
CWMU
60
Caliber Wealth Management (Utah)
Utah
$415K -$6.84K -121 -2%
CRI
61
Colonial River Investments
Virginia
$415K +$421K +7,448 New
APWA
62
Atlas Private Wealth Advisors
New Jersey
$410K +$416K +7,352 New
GCA
63
Genesee Capital Advisors
New York
$378K +$383K +6,778 New
VAS
64
Vestmark Advisory Solutions
Massachusetts
$366K +$28.6K +505 +8%
CAG
65
Csenge Advisory Group
Florida
$344K +$101K +1,784 +41%
CWM
66
Cornerstone Wealth Management
Missouri
$342K +$1.41K +25 +0.4%
US Bancorp
67
US Bancorp
Minnesota
$331K +$219K +3,865 +186%
AAS
68
Avantax Advisory Services
Texas
$321K +$325K +5,755 New
IFG
69
Independent Financial Group
California
$294K +$298K +5,265 New
CS
70
Credit Suisse
Switzerland
$269K -$135K -2,383 -33%
MAG
71
MRA Advisory Group
New Jersey
$263K +$266K +4,711 New
RIA
72
Regal Investment Advisors
Michigan
$263K +$266K +4,712 New
PFS
73
Prospera Financial Services
Texas
$258K +$262K +4,630 New
PPG
74
Peak Planning Group
Colorado
$256K +$260K +4,590 New
SBL
75
Sargent Bickham Lagudis
Colorado
$255K – – –
1 2
3
4 5

FMHI Hedge Fund Activity: Q3 2021 in Review

99 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q3 2021, worth a combined $201M — up 19% from $170M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new FMHI positions and 6 closed out — a net gain of 15 holders — while 57 added to existing stakes and 11 trimmed.

The largest buyer was LPL Financial, adding an estimated $5.61M. The largest seller was Redhawk Wealth Advisors, exiting entirely with an estimated $2.89M sold.

  • 99 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q3 2021, up from 86 in Q2 2021.
  • Funds reported $201M of First Trust Municipal High Income ETF stock for Q3 2021, up 19% quarter-over-quarter.
  • 21 funds opened new First Trust Municipal High Income ETF positions in Q3 2021 and 6 closed out, a net change of +15 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q3 2021 was LPL Financial, an estimated $5.61M added.
  • The largest First Trust Municipal High Income ETF seller in Q3 2021 was Redhawk Wealth Advisors, an estimated $2.89M sold.

Based on aggregated 13F filings for Q3 2021.