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First Trust Municipal High Income ETF

166 hedge funds and large institutions have $589M invested in First Trust Municipal High Income ETF in 2025 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 77 increasing their positions, 56 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 56

5% more capital invested

Capital invested by funds: $561M → $589M (+$28.2M)

1.51% more ownership

Funds ownership: 74.3%75.81% (+1.5%)

5% less funds holding

Funds holding: 175166 (-9)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
166
Holders Change
-9
Holders Change %
-5.14%
% of All Funds
2.18%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
12
Increased
77
Reduced
56
Closed
16
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SWP
101
Sagespring Wealth Partners
Tennessee
$545K -$444K -9,521 -45%
DWM
102
Dynasty Wealth Management
Florida
$536K +$95.1K +2,038 +22%
GRP
103
Global Retirement Partners
California
$499K +$98.3K +2,107 +25%
SPC
104
Sigma Planning Corp
Michigan
$486K +$1.59K +34 +0.3%
RA
105
RFG Advisory
Alabama
$474K +$173K +3,699 +59%
IAIM
106
International Assets Investment Management
Florida
$474K
CW
107
CreativeOne Wealth
Kansas
$467K -$99.9K -2,142 -18%
SPIA
108
Steward Partners Investment Advisory
New York
$466K -$2.94K -63 -0.6%
HW
109
Hedeker Wealth
Illinois
$465K +$13.9K +297 +3%
AIM
110
Advyzon Investment Management
Illinois
$465K +$10.4K +223 +2%
WIP
111
WealthCare Investment Partners
Rhode Island
$453K -$21.6K -463 -5%
Envestnet Portfolio Solutions
112
Envestnet Portfolio Solutions
Illinois
$434K -$21.7K -465 -5%
ASN
113
Advisory Services Network
Georgia
$433K -$34.3K -735 -7%
DFA
114
DHJJ Financial Advisors
Illinois
$424K -$50K -1,072 -11%
Susquehanna International Group
115
Susquehanna International Group
Pennsylvania
$402K -$608K -13,037 -61%
WAP
116
Wealthcare Advisory Partners
Pennsylvania
$399K
MWM
117
Mattern Wealth Management
Kansas
$380K -$2.33K -50 -0.6%
FA
118
Flagstar Advisors
New York
$367K -$173K -3,706 -32%
GCA
119
Genesee Capital Advisors
New York
$365K +$2.33K +50 +0.7%
DAS
120
Dynamic Advisor Solutions
Arizona
$364K +$123K +2,636 +53%
BCI
121
Brinker Capital Investments
Pennsylvania
$359K -$29.8K -638 -8%
LIG
122
Lokken Investment Group
Delaware
$350K +$344K +7,368 New
AWG
123
Altus Wealth Group
Colorado
$340K +$21.4K +458 +7%
CPIG
124
Chicago Partners Investment Group
Illinois
$328K -$2.1K -45 -0.7%
LFAS
125
Level Four Advisory Services
Texas
$316K +$1.31K +28 +0.4%

FMHI Hedge Fund Activity: Q3 2025 in Review

166 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q3 2025, worth a combined $589M — up 5% from $561M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of FMHI and 12 opened new positions — a net loss of 4 holders — while 56 trimmed existing stakes and 77 added.

The largest buyer was Wells Fargo, adding an estimated $7.57M. The largest seller was Ocean Park Asset Management, cutting an estimated $4.3M.

  • 166 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q3 2025, down from 175 in Q2 2025.
  • Funds reported $589M of First Trust Municipal High Income ETF stock for Q3 2025, up 5% quarter-over-quarter.
  • 12 funds opened new First Trust Municipal High Income ETF positions in Q3 2025 and 16 closed out, a net change of -4 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q3 2025 was Wells Fargo, an estimated $7.57M added.
  • The largest First Trust Municipal High Income ETF seller in Q3 2025 was Ocean Park Asset Management, an estimated $4.3M sold.

Based on aggregated 13F filings for Q3 2025.