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First Trust Municipal High Income ETF
FMHI

100 hedge funds and large institutions have $180M invested in First Trust Municipal High Income ETF in 2022 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 39 increasing their positions, 37 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 37

4% less funds holding

Funds holding: 104 → 100 (-4)

4.81% less ownership

Funds ownership: 65.14% → 60.33% (-4.8%)

10% less capital invested

Capital invested by funds: $200M → $180M (-$19.6M)

22% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 18

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
100
Holders Change
-4
Holders Change %
-3.85%
% of All Funds
1.72%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
14
Increased
39
Reduced
37
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RT
Rockland Trust
Massachusetts
+$9.32M
2
Jane Street
Jane Street
New York
+$2.94M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$2.57M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.63M
5
Citadel Advisors
Citadel Advisors
Florida
+$973K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$6.92M
2
EFL
ERn Financial LLC
Wisconsin
-$5.35M
3
GSC
G&S Capital
Colorado
-$4.54M
4
MSFS
Main Street Financial Solutions
Pennsylvania
-$3.14M
5
GVAG
Great Valley Advisor Group
Delaware
-$2.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
51
Stifel Financial
Missouri
$419K -$160K -3,325 -27%
IWS
52
Insight Wealth Strategies
California
$416K – – –
LWMNY
53
Landmark Wealth Management (New York)
New York
$407K +$430K +8,960 New
CPIG
54
Chicago Partners Investment Group
Illinois
$399K -$328K -6,824 -43%
CAN
55
Cetera Advisor Networks
California
$397K -$98.1K -2,043 -19%
FPWM
56
FSB Premier Wealth Management
Iowa
$392K – – –
IA
57
IFG Advisory
Georgia
$386K +$1.2K +25 +0.3%
EWM
58
Echo Wealth Management
Minnesota
$366K -$152K -3,174 -28%
FFN
59
Focus Financial Network
Minnesota
$344K -$2.02K -42 -0.6%
AAS
60
Ameritas Advisory Services
Nebraska
$341K -$1.92K -40 -0.5%
US Bancorp
61
US Bancorp
Minnesota
$333K -$170K -3,537 -33%
UBS Group
62
UBS Group
Switzerland
$328K +$263K +5,472 +315%
CHA
63
Carmichael Hill & Associates
Maryland
$326K +$345K +7,182 New
GCA
64
Genesee Capital Advisors
New York
$317K +$2.78K +58 +0.8%
AWM
65
AE Wealth Management
Kansas
$314K +$81.4K +1,696 +32%
CAG
66
Csenge Advisory Group
Florida
$310K +$5.14K +107 +2%
ASN
67
Advisory Services Network
Georgia
$304K +$321K +6,687 New
CWM
68
Cornerstone Wealth Management
Missouri
$284K +$1.44K +30 +0.5%
TSS
69
Two Sigma Securities
New York
$284K +$300K +6,246 New
OC
70
Oppenheimer & Co
New York
$274K +$69.6K +1,450 +32%
IP
71
Ignite Planners
California
$261K – – –
DFA
72
DHJJ Financial Advisors
Illinois
$260K -$8.88K -185 -3%
IFG
73
Independent Financial Group
California
$242K +$2.4K +50 +0.9%
GRP
74
Global Retirement Partners
California
$234K +$228K +4,750 +950%
HW
75
Hedeker Wealth
Illinois
$231K +$245K +5,106 New
1 2
3
4 5

FMHI Hedge Fund Activity: Q3 2022 in Review

100 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q3 2022, worth a combined $180M — down 9.8% from $200M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of FMHI and 14 opened new positions — a net loss of 4 holders — while 37 trimmed existing stakes and 39 added.

The largest buyer was Rockland Trust, adding an estimated $9.32M. The largest seller was Morgan Stanley, cutting an estimated $6.92M.

  • 100 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q3 2022, down from 104 in Q2 2022.
  • Funds reported $180M of First Trust Municipal High Income ETF stock for Q3 2022, down 9.8% quarter-over-quarter.
  • 14 funds opened new First Trust Municipal High Income ETF positions in Q3 2022 and 18 closed out, a net change of -4 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q3 2022 was Rockland Trust, an estimated $9.32M added.
  • The largest First Trust Municipal High Income ETF seller in Q3 2022 was Morgan Stanley, an estimated $6.92M sold.

Based on aggregated 13F filings for Q3 2022.