First Trust Municipal High Income ETF
FMHI
115 hedge funds and large institutions have $212M invested in First Trust Municipal High Income ETF in 2022 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 48 increasing their positions, 40 reducing their positions, and 14 closing their positions.
36% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 14
20% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 40
2% more funds holding
Funds holding: 113 → 115 (+2)
0.75% less ownership
Funds ownership: 61.75% → 61.01% (-0.75%)
8% less capital invested
Capital invested by funds: $232M → $212M (-$19.2M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$10.1M |
| 2 |
Jane Street
New York
|
+$5.38M |
| 3 |
Morgan Stanley
New York
|
+$3.19M |
| 4 |
QA
Quantitative Advantage
Minnetonka,
Minnesota
|
+$1.48M |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$4.62M |
| 2 |
RH
RFG Holdings
Argyle,
Texas
|
-$4.29M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$2.55M |
| 4 |
TA
TKG Advisors
Valparaiso,
Indiana
|
-$1.97M |
| 5 |
FHC
First Heartland Consultants
Lake St. Louis,
Missouri
|
-$1.92M |
FMHI Hedge Fund Activity: Q1 2022 in Review
115 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q1 2022, worth a combined $212M — down 8.3% from $232M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new FMHI positions and 14 closed out — a net gain of 5 holders — while 48 added to existing stakes and 40 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $10.1M. The largest seller was LPL Financial, cutting an estimated $4.62M.
- 115 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q1 2022, up from 113 in Q4 2021.
- Funds reported $212M of First Trust Municipal High Income ETF stock for Q1 2022, down 8.3% quarter-over-quarter.
- 19 funds opened new First Trust Municipal High Income ETF positions in Q1 2022 and 14 closed out, a net change of +5 holders.
- The largest First Trust Municipal High Income ETF buyer in Q1 2022 was Raymond James Financial Services Advisors, an estimated $10.1M added.
- The largest First Trust Municipal High Income ETF seller in Q1 2022 was LPL Financial, an estimated $4.62M sold.
Based on aggregated 13F filings for Q1 2022.