First Trust Municipal High Income ETF
FMHI
114 hedge funds and large institutions have $220M invested in First Trust Municipal High Income ETF in 2023 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 51 increasing their positions, 35 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
46% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 35
16% more capital invested
Capital invested by funds: $190M → $220M (+$29.6M)
9% more funds holding
Funds holding: 105 → 114 (+9)
3.9% more ownership
Funds ownership: 63.45% → 67.35% (+3.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$16.7M |
| 2 |
MWAM
Manhattan West Asset Management
Los Angeles,
California
|
+$5.84M |
| 3 |
LPL Financial
San Diego,
California
|
+$3.88M |
| 4 |
SW
SlateStone Wealth
Jupiter,
Florida
|
+$3.8M |
| 5 |
Morgan Stanley
New York
|
+$2.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$8.76M |
| 2 |
CWP
Cyndeo Wealth Partners
St. Petersburg,
Florida
|
-$7.19M |
| 3 |
RT
Rockland Trust
Hanover,
Massachusetts
|
-$3.72M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$2.48M |
| 5 |
AA
AJ Advisors
Nashville,
Tennessee
|
-$1.66M |
FMHI Hedge Fund Activity: Q1 2023 in Review
114 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q1 2023, worth a combined $220M — up 16% from $190M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FMHI positions and 8 closed out — a net gain of 9 holders — while 51 added to existing stakes and 35 trimmed.
The largest buyer was Bank of America, adding an estimated $16.7M. The largest seller was Jane Street, cutting an estimated $8.76M.
- 114 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q1 2023, up from 105 in Q4 2022.
- Funds reported $220M of First Trust Municipal High Income ETF stock for Q1 2023, up 16% quarter-over-quarter.
- 17 funds opened new First Trust Municipal High Income ETF positions in Q1 2023 and 8 closed out, a net change of +9 holders.
- The largest First Trust Municipal High Income ETF buyer in Q1 2023 was Bank of America, an estimated $16.7M added.
- The largest First Trust Municipal High Income ETF seller in Q1 2023 was Jane Street, an estimated $8.76M sold.
Based on aggregated 13F filings for Q1 2023.