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First Trust Municipal High Income ETF

166 hedge funds and large institutions have $589M invested in First Trust Municipal High Income ETF in 2025 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 77 increasing their positions, 56 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 56

5% more capital invested

Capital invested by funds: $561M → $589M (+$28.2M)

1.51% more ownership

Funds ownership: 74.3%75.81% (+1.5%)

5% less funds holding

Funds holding: 175166 (-9)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
166
Holders Change
-9
Holders Change %
-5.14%
% of All Funds
2.18%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
12
Increased
77
Reduced
56
Closed
16
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PTP
51
Platform Technology Partners
New York
$2.09M -$256K -5,486 -11%
DADC
52
D.A. Davidson & Co
Montana
$2.09M -$5.74K -123 -0.3%
GA
53
GSG Advisors
New Jersey
$2.05M -$179K -3,848 -8%
Bank of New York Mellon
54
Bank of New York Mellon
New York
$2.04M +$46K +987 +2%
MA
55
Mutual Advisors
Nebraska
$1.8M +$156K +3,347 +10%
RT
56
Rockland Trust
Massachusetts
$1.76M -$491K -10,527 -22%
EPW
57
Evergreen Private Wealth
Colorado
$1.66M +$52.8K +1,132 +3%
IA
58
IFP Advisors
Florida
$1.6M +$44.1K +946 +3%
Janney Montgomery Scott
59
Janney Montgomery Scott
Pennsylvania
$1.52M +$584K +12,515 +64%
EC
60
Elequin Capital
New York
$1.46M +$1.27M +27,267 +779%
KPWS
61
Kestra Private Wealth Services
Texas
$1.41M +$66K +1,414 +5%
MYIA
62
Mount Yale Investment Advisors
Colorado
$1.35M +$1.32M +28,344 New
SIM
63
Synergy Investment Management
Florida
$1.33M +$1.3M +27,975 New
SFS
64
Sowell Financial Services
Arkansas
$1.32M -$192K -4,115 -13%
OC
65
Oppenheimer & Co
New York
$1.27M +$5.64K +121 +0.5%
VWA
66
Visionary Wealth Advisors
Illinois
$1.25M -$1.43M -30,570 -54%
Stifel Financial
67
Stifel Financial
Missouri
$1.18M +$48.3K +1,036 +4%
TWM
68
Triton Wealth Management
Arizona
$1.14M +$1.26K +27 +0.1%
BAWC
69
Boyce & Associates Wealth Consulting
Texas
$1.12M +$140K +3,009 +15%
VAS
70
Vestmark Advisory Solutions
Massachusetts
$1.06M +$1.05M +22,414 New
MSFS
71
Main Street Financial Solutions
Pennsylvania
$1.06M +$1.04M +22,346 New
HNWAG
72
High Net Worth Advisory Group
Florida
$1.06M +$3.92K +84 +0.4%
TFP
73
Traction Financial Partners
Wyoming
$996K +$257K +5,520 +36%
Comerica Bank
74
Comerica Bank
Texas
$963K +$52.8K +1,131 +6%
SA
75
Sanctuary Advisors
Indiana
$923K +$285K +6,110 +46%

FMHI Hedge Fund Activity: Q3 2025 in Review

166 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q3 2025, worth a combined $589M — up 5% from $561M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of FMHI and 12 opened new positions — a net loss of 4 holders — while 56 trimmed existing stakes and 77 added.

The largest buyer was Wells Fargo, adding an estimated $7.57M. The largest seller was Ocean Park Asset Management, cutting an estimated $4.3M.

  • 166 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q3 2025, down from 175 in Q2 2025.
  • Funds reported $589M of First Trust Municipal High Income ETF stock for Q3 2025, up 5% quarter-over-quarter.
  • 12 funds opened new First Trust Municipal High Income ETF positions in Q3 2025 and 16 closed out, a net change of -4 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q3 2025 was Wells Fargo, an estimated $7.57M added.
  • The largest First Trust Municipal High Income ETF seller in Q3 2025 was Ocean Park Asset Management, an estimated $4.3M sold.

Based on aggregated 13F filings for Q3 2025.