First Trust Municipal High Income ETF
FMHI
121 hedge funds and large institutions have $264M invested in First Trust Municipal High Income ETF in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 42 reducing their positions, and 11 closing their positions.
36% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 11
12% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 42
9% more capital invested
Capital invested by funds: $241M → $264M (+$22.3M)
3% more funds holding
Funds holding: 118 → 121 (+3)
1.34% more ownership
Funds ownership: 64.09% → 65.43% (+1.3%)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$17M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$5.63M |
| 3 |
FPGK
Financial Partners Group (Kansas)
Overland Park,
Kansas
|
+$4.38M |
| 4 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$2.9M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$2.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AJ Advisors
Nashville,
Tennessee
|
-$3.35M |
| 2 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$2.84M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$2.63M |
| 4 |
RT
Rockland Trust
Hanover,
Massachusetts
|
-$1.46M |
| 5 |
Morgan Stanley
New York
|
-$1.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Mariner
Overland Park,
Kansas
| – | -$471K | -10,001 | Closed |
|
|
BCP
127
Blue Chip Partners
Farmington Hills,
Michigan
| – | -$363K | -7,708 | Closed |
|
|
KIG
128
Kowal Investment Group
Brookfield,
Wisconsin
| – | -$243K | -5,158 | Closed |
|
129
Stifel Financial
St. Louis,
Missouri
| – | -$203K | -4,300 | Closed |
|
|
SS
130
Sunbelt Securities
Houston,
Texas
| – | -$47.1K | -1,000 | Closed |
|
|
SIS
131
Sound Income Strategies
Ft Lauderdale,
Florida
| – | -$39.8K | -844 | Closed |
|
|
CWA
132
Clearview Wealth Advisors
Salem,
Oregon
| – | -$1.23K | -26 | Closed |
|
FMHI Hedge Fund Activity: Q3 2023 in Review
121 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q3 2023, worth a combined $264M — up 9.2% from $241M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FMHI positions and 11 closed out — a net gain of 4 holders — while 47 added to existing stakes and 42 trimmed.
The largest buyer was Wealth Enhancement Advisory Services, adding an estimated $17M. The largest seller was AJ Advisors, exiting entirely with an estimated $3.35M sold.
- 121 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q3 2023, up from 118 in Q2 2023.
- Funds reported $264M of First Trust Municipal High Income ETF stock for Q3 2023, up 9.2% quarter-over-quarter.
- 15 funds opened new First Trust Municipal High Income ETF positions in Q3 2023 and 11 closed out, a net change of +4 holders.
- The largest First Trust Municipal High Income ETF buyer in Q3 2023 was Wealth Enhancement Advisory Services, an estimated $17M added.
- The largest First Trust Municipal High Income ETF seller in Q3 2023 was AJ Advisors, an estimated $3.35M sold.
Based on aggregated 13F filings for Q3 2023.