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First Trust Municipal High Income ETF
FMHI

115 hedge funds and large institutions have $212M invested in First Trust Municipal High Income ETF in 2022 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 48 increasing their positions, 40 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 14

20% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 40

2% more funds holding

Funds holding: 113 → 115 (+2)

0.75% less ownership

Funds ownership: 61.75% → 61.01% (-0.75%)

8% less capital invested

Capital invested by funds: $232M → $212M (-$19.2M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
115
Holders Change
+2
Holders Change %
+1.77%
% of All Funds
1.81%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
19
Increased
48
Reduced
40
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
+$10.1M
2
Jane Street
Jane Street
New York
+$5.38M
3
Morgan Stanley
Morgan Stanley
New York
+$3.19M
4
QA
Quantitative Advantage
Minnesota
+$1.48M
5
IA
IFP Advisors
Florida
+$1.26M

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$4.62M
2
RH
RFG Holdings
Texas
-$4.29M
3
Citadel Advisors
Citadel Advisors
Florida
-$2.55M
4
TA
TKG Advisors
Indiana
-$1.97M
5
FHC
First Heartland Consultants
Missouri
-$1.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWP
51
Stratos Wealth Partners
Ohio
$585K +$37.3K +693 +6%
US Bancorp
52
US Bancorp
Minnesota
$585K +$158K +2,938 +35%
PFS
53
Prospera Financial Services
Texas
$563K +$325K +6,050 +122%
Susquehanna International Group
54
Susquehanna International Group
Pennsylvania
$552K +$580K +10,776 New
Commonwealth Equity Services
55
Commonwealth Equity Services
Massachusetts
$549K -$375K -6,980 -39%
USCWA
56
U.S. Capital Wealth Advisors
Texas
$512K -$242K -4,500 -31%
AWM
57
AE Wealth Management
Kansas
$501K -$1.25M -23,261 -70%
MML Investors Services
58
MML Investors Services
Massachusetts
$467K +$491K +9,120 New
IWS
59
Insight Wealth Strategies
California
$446K +$2.15K +40 +0.5%
FTUS
60
Flow Traders U.S.
New York
$429K +$451K +8,377 New
FPWM
61
FSB Premier Wealth Management
Iowa
$423K – – –
BCM
62
Breiter Capital Management
Florida
$407K – – –
AAS
63
Ameritas Advisory Services
Nebraska
$389K +$6.88K +128 +2%
FFN
64
Focus Financial Network
Minnesota
$382K +$401K +7,452 New
KWA
65
KCS Wealth Advisory
California
$376K +$395K +7,352 New
F4L
66
Fortune 45 LLC
Louisiana
$359K +$74.5K +1,386 +25%
EFS
67
Econ Financial Services
Pennsylvania
$354K +$371K +6,905 New
GCA
68
Genesee Capital Advisors
New York
$352K +$2.64K +49 +0.7%
CAN
69
Cetera Advisor Networks
California
$347K +$151K +2,801 +70%
DAS
70
Dynamic Advisor Solutions
Arizona
$346K +$109K +2,023 +43%
TFS
71
Thoroughbred Financial Services
Tennessee
$344K -$335K -6,235 -48%
FHC
72
First Heartland Consultants
Missouri
$342K -$1.92M -35,666 -84%
CAG
73
Csenge Advisory Group
Florida
$338K +$118K +2,203 +50%
NFG
74
Nations Financial Group
Iowa
$326K +$102K +1,900 +43%
FF
75
Financial Futures
New Jersey
$318K +$130K +2,409 +63%
1 2
3
4 5

FMHI Hedge Fund Activity: Q1 2022 in Review

115 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q1 2022, worth a combined $212M — down 8.3% from $232M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new FMHI positions and 14 closed out — a net gain of 5 holders — while 48 added to existing stakes and 40 trimmed.

The largest buyer was Raymond James Financial Services Advisors, adding an estimated $10.1M. The largest seller was LPL Financial, cutting an estimated $4.62M.

  • 115 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q1 2022, up from 113 in Q4 2021.
  • Funds reported $212M of First Trust Municipal High Income ETF stock for Q1 2022, down 8.3% quarter-over-quarter.
  • 19 funds opened new First Trust Municipal High Income ETF positions in Q1 2022 and 14 closed out, a net change of +5 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q1 2022 was Raymond James Financial Services Advisors, an estimated $10.1M added.
  • The largest First Trust Municipal High Income ETF seller in Q1 2022 was LPL Financial, an estimated $4.62M sold.

Based on aggregated 13F filings for Q1 2022.