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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$5.61M |
| 2 |
Morgan Stanley
New York
|
+$4.5M |
| 3 |
Jane Street
New York
|
+$4.39M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$3.42M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$2.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
-$2.89M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$2.74M |
| 3 |
WCFA
Walkner Condon Financial Advisors
Madison,
Wisconsin
|
-$1.01M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$857K |
| 5 |
LA
LexAurum Advisors
Overland Park,
Kansas
|
-$622K |
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.