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First Trust Municipal High Income ETF
FMHI

99 hedge funds and large institutions have $201M invested in First Trust Municipal High Income ETF in 2021 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 57 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

418% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 11

250% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 6

19% more capital invested

Capital invested by funds: $170M → $201M (+$31.6M)

15% more funds holding

Funds holding: 86 → 99 (+13)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3.94% less ownership

Funds ownership: 67.85% → 63.91% (-3.9%)

Holders
99
Holders Change
+13
Holders Change %
+15.12%
% of All Funds
1.73%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
21
Increased
57
Reduced
11
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$5.61M
2
Morgan Stanley
Morgan Stanley
New York
+$4.5M
3
Jane Street
Jane Street
New York
+$4.39M
4
Truist Financial
Truist Financial
North Carolina
+$3.42M
5
OMC
Old Mission Capital
Illinois
+$2.38M

Top Sellers

Rank Fund Capital Flow
1
RWA
Redhawk Wealth Advisors
Minnesota
-$2.89M
2
Citadel Advisors
Citadel Advisors
Florida
-$2.74M
3
WCFA
Walkner Condon Financial Advisors
Wisconsin
-$1.01M
4
FTUS
Flow Traders U.S.
New York
-$857K
5
LA
LexAurum Advisors
Kansas
-$622K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
76
IFG Advisory
Georgia
$247K +$251K +4,437 New
PFGIA
77
Patriot Financial Group Insurance Agency
Massachusetts
$246K -$14.2K -251 -5%
WWMSC
78
Wagner Wealth Management (South Carolina)
South Carolina
$245K -$57 -1 -0%
KIG
79
Kowal Investment Group
Wisconsin
$244K +$1.24K +22 +0.5%
SPAS
80
Spectrum Planning & Advisory Services
California
$229K – – –
NAG
81
Northstar Advisory Group
New Jersey
$229K +$232K +4,108 New
CA
82
Cetera Advisors
Colorado
$226K +$229K +4,045 New
Baird Financial Group
83
Baird Financial Group
Wisconsin
$223K – – –
HGWM
84
Horst & Graben Wealth Management
Oregon
$223K +$226K +3,992 New
CAN
85
Cetera Advisor Networks
California
$222K -$21.8K -385 -9%
FTUS
86
Flow Traders U.S.
New York
$217K -$857K -15,158 -80%
ERWM
87
Elk River Wealth Management
Colorado
$209K – – –
SPIA
88
Steward Partners Investment Advisory
New York
$207K +$136K +2,413 +186%
SB
89
Strategic Blueprint
Georgia
$201K +$64.1K +1,133 +46%
NFG
90
Next Financial Group
Texas
$195K – – –
GTAM
91
Global Trust Asset Management
Florida
$134K +$339 +6 +0.2%
BFEC
92
Benjamin F. Edwards & Company
Missouri
$131K +$7.29K +129 +6%
CAPTRUST Financial Advisors
93
CAPTRUST Financial Advisors
North Carolina
$126K +$11.8K +208 +10%
BEI
94
Benjamin Edwards Inc
Missouri
$107K – – –
APA
95
American Portfolios Advisors
New York
$101K +$102K +1,812 New
GRP
96
Global Retirement Partners
California
$33K +$33.9K +600 New
GWSG
97
GPS Wealth Strategies Group
Colorado
$19K – – –
KC
98
Knuff & Co
California
$13K – – –
HA
99
Herold Advisors
New York
$5K +$5.66K +100 New
RWA
100
Redhawk Wealth Advisors
Minnesota
– -$2.89M -51,419 Closed
1 2 3
4
5

FMHI Hedge Fund Activity: Q3 2021 in Review

99 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q3 2021, worth a combined $201M — up 19% from $170M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new FMHI positions and 6 closed out — a net gain of 15 holders — while 57 added to existing stakes and 11 trimmed.

The largest buyer was LPL Financial, adding an estimated $5.61M. The largest seller was Redhawk Wealth Advisors, exiting entirely with an estimated $2.89M sold.

  • 99 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q3 2021, up from 86 in Q2 2021.
  • Funds reported $201M of First Trust Municipal High Income ETF stock for Q3 2021, up 19% quarter-over-quarter.
  • 21 funds opened new First Trust Municipal High Income ETF positions in Q3 2021 and 6 closed out, a net change of +15 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q3 2021 was LPL Financial, an estimated $5.61M added.
  • The largest First Trust Municipal High Income ETF seller in Q3 2021 was Redhawk Wealth Advisors, an estimated $2.89M sold.

Based on aggregated 13F filings for Q3 2021.