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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$14.7M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$5.97M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$4.68M |
| 4 |
Jane Street
New York
|
+$4.61M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$3.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$16.2M |
| 2 |
APWA
Atlas Private Wealth Advisors
Matawan,
New Jersey
|
-$3.9M |
| 3 |
BHWA
Beacon Harbor Wealth Advisors
Virginia Beach,
Virginia
|
-$1.85M |
| 4 |
NW
NewEdge Wealth
Pittsburgh,
Pennsylvania
|
-$1.5M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$1.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
T
151
Tidemark
San Diego,
California
| – | -$17.4K | -364 | Closed |
|
|
CAL
152
Capital Analysts LLC
Fort Washington,
Pennsylvania
| – | -$15K | -307 | Closed |
|
|
AF
153
Allworth Financial
Folsom,
California
| – | -$12.3K | -259 | Closed |
|
|
BHWM
154
Beaird Harris Wealth Management
Dallas,
Texas
| – | -$4.77K | -100 | Closed |
|
155
Fidelity Investments
Boston,
Massachusetts
| – | -$48 | -1 | Closed |
|
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.