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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
CHA
126
Carmichael Hill & Associates
Maryland
$49.5K – – –
MRCM
127
M&R Capital Management
New Jersey
$34.4K – – –
RIL
128
Rothschild Investment LLC
Illinois
$30.1K – – –
SWM
129
Spire Wealth Management
Virginia
$18.8K – – –
CFD
130
Creative Financial Designs
Indiana
$14.6K -$14.4K -300 -50%
IPW
131
Impact Partnership Wealth
Georgia
$12.8K +$12.7K +266 New
GWSG
132
GPS Wealth Strategies Group
Colorado
$11.1K – – –
PFA
133
Pathway Financial Advisers
Indiana
$9.04K -$48 -1 -0.5%
NS
134
NBC Securities
Alabama
$6K – – –
Barclays
135
Barclays
United Kingdom
$1.06K – – –
BHWA
136
Beacon Harbor Wealth Advisors
Virginia
– -$1.85M -38,862 Closed
NW
137
NewEdge Wealth
Pennsylvania
– -$1.5M -31,531 Closed
FTUS
138
Flow Traders U.S.
New York
– -$1.49M -31,216 Closed
Citadel Advisors
139
Citadel Advisors
Florida
– -$1.47M -30,849 Closed
MAG
140
MRA Advisory Group
New Jersey
– -$813K -17,055 Closed
AWM
141
AE Wealth Management
Kansas
– -$796K -16,826 Closed
Mariner
142
Mariner
Kansas
– -$451K -9,450 Closed
IA
143
IFG Advisory
Georgia
– -$405K -8,483 Closed
EFS
144
Econ Financial Services
Pennsylvania
– -$284K -5,955 Closed
FPWM
145
FSB Premier Wealth Management
Iowa
– -$251K -5,274 Closed
AWG
146
Altus Wealth Group
Colorado
– -$243K -5,098 Closed
IFG
147
Independent Financial Group
California
– -$214K -4,494 Closed
TSS
148
Two Sigma Securities
New York
– -$213K -4,474 Closed
GI
149
Gradient Investments
Minnesota
– -$51.2K -1,073 Closed
PS
150
Principal Securities
Iowa
– -$48.2K -1,010 Closed
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.