We are live on ! Find out more
FMHI icon

First Trust Municipal High Income ETF
FMHI

104 hedge funds and large institutions have $200M invested in First Trust Municipal High Income ETF in 2022 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 46 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

4.13% more ownership

Funds ownership: 61.01% → 65.14% (+4.1%)

6% less capital invested

Capital invested by funds: $212M → $200M (-$12.2M)

10% less funds holding

Funds holding: 115 → 104 (-11)

28% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 46

42% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 24

Holders
104
Holders Change
-11
Holders Change %
-9.57%
% of All Funds
1.75%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
14
Increased
33
Reduced
46
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RT
Rockland Trust
Massachusetts
+$14.1M
2
Citigroup
Citigroup
New York
+$9.26M
3
RA
RFG Advisory
Alabama
+$8.4M
4
EFL
ERn Financial LLC
Wisconsin
+$5.48M
5
FTUS
Flow Traders U.S.
New York
+$2.78M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$10.1M
2
LPL Financial
LPL Financial
California
-$8.09M
3
Jane Street
Jane Street
New York
-$5.13M
4
Truist Financial
Truist Financial
North Carolina
-$2.9M
5
PAG
Private Advisory Group
Washington
-$2.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAS
51
Avantax Advisory Services
Texas
$556K -$119K -2,438 -17%
EWM
52
Echo Wealth Management
Minnesota
$550K -$162K -3,322 -23%
US Bancorp
53
US Bancorp
Minnesota
$517K -$26.1K -537 -5%
CAN
54
Cetera Advisor Networks
California
$512K +$196K +4,018 +59%
USCWA
55
U.S. Capital Wealth Advisors
Texas
$475K – – –
EFS
56
Econ Financial Services
Pennsylvania
$435K +$110K +2,260 +33%
SWP
57
Stratos Wealth Partners
Ohio
$429K -$116K -2,382 -21%
KWA
58
KCS Wealth Advisory
California
$429K +$81.7K +1,680 +23%
IWS
59
Insight Wealth Strategies
California
$416K +$2.19K +45 +0.5%
FPWM
60
FSB Premier Wealth Management
Iowa
$410K – – –
IA
61
IFG Advisory
Georgia
$403K +$181K +3,724 +78%
FFN
62
Focus Financial Network
Minnesota
$362K +$8.08K +166 +2%
AAS
63
Ameritas Advisory Services
Nebraska
$358K -$3.02K -62 -0.8%
GCA
64
Genesee Capital Advisors
New York
$329K +$2.68K +55 +0.8%
CAG
65
Csenge Advisory Group
Florida
$319K +$6.03K +124 +2%
FHC
66
First Heartland Consultants
Missouri
$298K -$19.5K -400 -6%
CWM
67
Cornerstone Wealth Management
Missouri
$295K +$1.51K +31 +0.5%
DFA
68
DHJJ Financial Advisors
Illinois
$281K -$8.81K -181 -3%
IP
69
Ignite Planners
California
$275K – – –
WWMSC
70
Wagner Wealth Management (South Carolina)
South Carolina
$272K -$711K -14,606 -72%
DAS
71
Dynamic Advisor Solutions
Arizona
$254K -$68K -1,398 -21%
IFG
72
Independent Financial Group
California
$251K – – –
AWM
73
AE Wealth Management
Kansas
$248K -$221K -4,552 -47%
MAG
74
MRA Advisory Group
New Jersey
$246K +$924 +19 +0.4%
NFG
75
Nations Financial Group
Iowa
$240K -$63.3K -1,300 -20%
1 2
3
4 5

FMHI Hedge Fund Activity: Q2 2022 in Review

104 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q2 2022, worth a combined $200M — down 5.8% from $212M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of FMHI and 14 opened new positions — a net loss of 10 holders — while 46 trimmed existing stakes and 33 added.

The largest buyer was Rockland Trust, opening a new position worth an estimated $14.1M. The largest seller was Morgan Stanley, cutting an estimated $10.1M.

  • 104 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q2 2022, down from 115 in Q1 2022.
  • Funds reported $200M of First Trust Municipal High Income ETF stock for Q2 2022, down 5.8% quarter-over-quarter.
  • 14 funds opened new First Trust Municipal High Income ETF positions in Q2 2022 and 24 closed out, a net change of -10 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q2 2022 was Rockland Trust, an estimated $14.1M added.
  • The largest First Trust Municipal High Income ETF seller in Q2 2022 was Morgan Stanley, an estimated $10.1M sold.

Based on aggregated 13F filings for Q2 2022.