First Trust Municipal High Income ETF
FMHI
72 hedge funds and large institutions have $124M invested in First Trust Municipal High Income ETF in 2021 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 37 increasing their positions, 13 reducing their positions, and 6 closing their positions.
185% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 13
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
29% more capital invested
Capital invested by funds: $96.2M → $124M (+$28.3M)
11% more funds holding
Funds holding: 65 → 72 (+7)
0.3% more ownership
Funds ownership: 68.83% → 69.13% (+0.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.95M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$4.73M |
| 3 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
+$3.33M |
| 4 |
SMF
Sterling Manor Financial
Saratoga Springs,
New York
|
+$2.6M |
| 5 |
PAG
Private Advisory Group
Redmond,
Washington
|
+$2.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
-$2.52M |
| 2 |
RH
RFG Holdings
Argyle,
Texas
|
-$2.04M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.65M |
| 4 |
GSC
G&S Capital
Denver,
Colorado
|
-$1.63M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$332K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Fisher Asset Management
Camas,
Washington
| – | -$202K | -3,756 | Closed |
|
|
ASN
77
Advisory Services Network
Atlanta,
Georgia
| – | -$103K | -1,910 | Closed |
|
|
TRCT
78
Tower Research Capital (TRC)
New York
| – | -$5K | -93 | Closed |
|
FMHI Hedge Fund Activity: Q1 2021 in Review
72 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q1 2021, worth a combined $124M — up 29% from $96.2M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FMHI positions and 6 closed out — a net gain of 8 holders — while 37 added to existing stakes and 13 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $6.95M. The largest seller was Flow Traders U.S., cutting an estimated $2.52M.
- 72 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q1 2021, up from 65 in Q4 2020.
- Funds reported $124M of First Trust Municipal High Income ETF stock for Q1 2021, up 29% quarter-over-quarter.
- 14 funds opened new First Trust Municipal High Income ETF positions in Q1 2021 and 6 closed out, a net change of +8 holders.
- The largest First Trust Municipal High Income ETF buyer in Q1 2021 was Morgan Stanley, an estimated $6.95M added.
- The largest First Trust Municipal High Income ETF seller in Q1 2021 was Flow Traders U.S., an estimated $2.52M sold.
Based on aggregated 13F filings for Q1 2021.