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First Trust Municipal High Income ETF
FMHI

135 hedge funds and large institutions have $433M invested in First Trust Municipal High Income ETF in 2024 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 64 increasing their positions, 36 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 36

8% more capital invested

Capital invested by funds: $400M → $433M (+$33M)

3.45% less ownership

Funds ownership: 75.98% → 72.54% (-3.4%)

5% less funds holding

Funds holding: 142 → 135 (-7)

25% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 20

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
135
Holders Change
-7
Holders Change %
-4.93%
% of All Funds
1.94%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
15
Increased
64
Reduced
36
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$14.7M
2
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$5.97M
3
Wells Fargo
Wells Fargo
California
+$4.68M
4
Jane Street
Jane Street
New York
+$4.61M
5
Bank of America
Bank of America
North Carolina
+$3.68M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$16.2M
2
APWA
Atlas Private Wealth Advisors
New Jersey
-$3.9M
3
BHWA
Beacon Harbor Wealth Advisors
Virginia
-$1.85M
4
NW
NewEdge Wealth
Pennsylvania
-$1.5M
5
FTUS
Flow Traders U.S.
New York
-$1.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
101
Pineridge Advisors
Missouri
$356K -$42.5K -889 -11%
GCA
102
Genesee Capital Advisors
New York
$353K +$4.59K +96 +1%
AAS
103
Ameritas Advisory Services
Nebraska
$340K +$341K +7,135 New
APW
104
Aurora Private Wealth
New Jersey
$340K +$4.31K +90 +1%
US Bancorp
105
US Bancorp
Minnesota
$335K – – –
CPIG
106
Chicago Partners Investment Group
Illinois
$324K -$24.5K -512 -7%
WA
107
Waddell & Associates
Tennessee
$314K – – –
CCFM
108
Clear Creek Financial Management
Washington
$304K +$302K +6,310 New
VR
109
Valued Retirements
Texas
$289K – – –
XWM
110
Xcel Wealth Management
Florida
$289K +$287K +6,000 New
Stifel Financial
111
Stifel Financial
Missouri
$283K +$281K +5,873 New
WA
112
Waverly Advisors
Alabama
$283K +$281K +5,873 New
LA
113
Lifeworks Advisors
Michigan
$262K +$383 +8 +0.1%
EA
114
Eudaimonia Advisors
Tennessee
$237K – – –
LWMNY
115
Landmark Wealth Management (New York)
New York
$225K +$766 +16 +0.3%
SG
116
StoneX Group
New York
$214K +$213K +4,444 New
KFI
117
Key Financial Inc
Pennsylvania
$211K – – –
VCM
118
Virtue Capital Management
Tennessee
$208K – – –
ASN
119
Advisory Services Network
Georgia
$207K +$158K +3,303 +330%
WIM
120
Westside Investment Management
California
$120K +$47.9K +1,000 +67%
TLA
121
Tanglewood Legacy Advisors
Texas
$101K – – –
SC
122
Stephens Consulting
Michigan
$95.1K – – –
BEI
123
Benjamin Edwards Inc
Missouri
$92K – – –
PTC
124
Private Trust Company
Ohio
$90.6K -$40K -835 -31%
CAM
125
Creekmur Asset Management
Illinois
$53.3K – – –
3 4
5
6 7

FMHI Hedge Fund Activity: Q1 2024 in Review

135 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q1 2024, worth a combined $433M — up 8.2% from $400M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of FMHI and 15 opened new positions — a net loss of 5 holders — while 36 trimmed existing stakes and 64 added.

The largest buyer was UBS Group, adding an estimated $14.7M. The largest seller was Morgan Stanley, cutting an estimated $16.2M.

  • 135 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q1 2024, down from 142 in Q4 2023.
  • Funds reported $433M of First Trust Municipal High Income ETF stock for Q1 2024, up 8.2% quarter-over-quarter.
  • 15 funds opened new First Trust Municipal High Income ETF positions in Q1 2024 and 20 closed out, a net change of -5 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q1 2024 was UBS Group, an estimated $14.7M added.
  • The largest First Trust Municipal High Income ETF seller in Q1 2024 was Morgan Stanley, an estimated $16.2M sold.

Based on aggregated 13F filings for Q1 2024.