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First Trust Municipal High Income ETF
FMHI

113 hedge funds and large institutions have $232M invested in First Trust Municipal High Income ETF in 2021 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 55 increasing their positions, 21 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

162% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 21

150% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 10

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

15% more capital invested

Capital invested by funds: $201M → $232M (+$30.1M)

14% more funds holding

Funds holding: 99 → 113 (+14)

2.16% less ownership

Funds ownership: 63.91% → 61.75% (-2.2%)

Holders
113
Holders Change
+14
Holders Change %
+14.14%
% of All Funds
1.74%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
25
Increased
55
Reduced
21
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$12.4M
2
Morgan Stanley
Morgan Stanley
New York
+$9.39M
3
MSFS
Main Street Financial Solutions
Pennsylvania
+$4.46M
4
Citadel Advisors
Citadel Advisors
Florida
+$1.41M
5
APWA
Atlas Private Wealth Advisors
New Jersey
+$1.3M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$5.07M
2
RA
RFG Advisory
Alabama
-$3.62M
3
OMC
Old Mission Capital
Illinois
-$2.69M
4
AWA
Arkadios Wealth Advisors
Georgia
-$2.1M
5
LA
LexAurum Advisors
Kansas
-$1.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACMA
51
Arbor Capital Management (Alaska)
Alaska
$736K +$733K +13,111 New
TFS
52
Thoroughbred Financial Services
Tennessee
$728K +$725K +12,970 New
SWA
53
Stratos Wealth Advisors
Ohio
$696K -$215K -3,852 -24%
AWA
54
Arkadios Wealth Advisors
Georgia
$652K -$2.1M -37,522 -76%
SWP
55
Stratos Wealth Partners
Ohio
$602K -$1.14M -20,442 -66%
CTB
56
Country Trust Bank
Illinois
$598K +$595K +10,652 New
WWMSC
57
Wagner Wealth Management (South Carolina)
South Carolina
$541K +$291K +5,216 +118%
PWP
58
Principle Wealth Partners
Connecticut
$509K +$507K +9,067 New
Wells Fargo
59
Wells Fargo
California
$497K – – –
IWS
60
Insight Wealth Strategies
California
$487K +$2.12K +38 +0.4%
CWA
61
Clearview Wealth Advisors
Oregon
$486K -$57.8K -1,035 -11%
FPWM
62
FSB Premier Wealth Management
Iowa
$485K – – –
IP
63
Ignite Planners
California
$484K +$487K +8,715 New
US Bancorp
64
US Bancorp
Minnesota
$476K +$141K +2,528 +43%
HI
65
Harbour Investments
Wisconsin
$453K -$98.2K -1,758 -18%
BCM
66
Breiter Capital Management
Florida
$446K – – –
IA
67
IFG Advisory
Georgia
$438K +$188K +3,368 +76%
AAS
68
Ameritas Advisory Services
Nebraska
$420K +$418K +7,476 New
VAS
69
Vestmark Advisory Solutions
Massachusetts
$395K +$26.7K +477 +7%
GCA
70
Genesee Capital Advisors
New York
$383K +$2.63K +47 +0.7%
SB
71
Strategic Blueprint
Georgia
$365K +$162K +2,893 +80%
CWM
72
Cornerstone Wealth Management
Missouri
$345K +$1.01K +18 +0.3%
SPIA
73
Steward Partners Investment Advisory
New York
$335K +$126K +2,256 +61%
F4L
74
Fortune 45 LLC
Louisiana
$316K +$315K +5,633 New
CA
75
Cetera Advisors
Colorado
$300K +$72.6K +1,300 +32%
1 2
3
4 5

FMHI Hedge Fund Activity: Q4 2021 in Review

113 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q4 2021, worth a combined $232M — up 15% from $201M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new FMHI positions and 10 closed out — a net gain of 15 holders — while 55 added to existing stakes and 21 trimmed.

The largest buyer was LPL Financial, adding an estimated $12.4M. The largest seller was Jane Street, exiting entirely with an estimated $5.07M sold.

  • 113 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q4 2021, up from 99 in Q3 2021.
  • Funds reported $232M of First Trust Municipal High Income ETF stock for Q4 2021, up 15% quarter-over-quarter.
  • 25 funds opened new First Trust Municipal High Income ETF positions in Q4 2021 and 10 closed out, a net change of +15 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q4 2021 was LPL Financial, an estimated $12.4M added.
  • The largest First Trust Municipal High Income ETF seller in Q4 2021 was Jane Street, an estimated $5.07M sold.

Based on aggregated 13F filings for Q4 2021.