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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
FFA
151
Farther Finance Advisors
California
$57.3K +$9.89K +212 +21%
CAM
152
Creekmur Asset Management
Illinois
$52.6K
CA
153
CoreCap Advisors
Michigan
$52.4K
MCM
154
MAI Capital Management
Ohio
$48.8K -$12.6K -270 -21%
RIL
155
Rothschild Investment LLC
Illinois
$29.7K
LFG
156
Larson Financial Group
Missouri
$27.9K
EWM
157
Evolution Wealth Management
Florida
$27.7K
CPG
158
Cornerstone Planning Group
New Jersey
$16.1K +$140 +3 +0.9%
AG
159
AmeriFlex Group
Nevada
$15.1K +$14.8K +318 New
PS
160
Principal Securities
Iowa
$12.7K +$3.69K +79 +42%
SIS
161
Sound Income Strategies
Florida
$10.9K +$10.6K +228 New
GSWM
162
Golden State Wealth Management
California
$10.7K
NS
163
NBC Securities
Alabama
$6.89K
RF
164
Rossby Financial
Florida
$6.18K
MAS
165
MPWM Advisory Solutions
Georgia
$4.94K -$8.02K -172 -62%
CIBC Private Wealth Group
166
CIBC Private Wealth Group
Georgia
$3.09K +$2.89K +62 +2,067%
NFSG
167
Newbridge Financial Services Group
Florida
$19
FTUS
168
Flow Traders U.S.
New York
-$3.97M -84,922 Closed
FAIM
169
Financial Advocates Investment Management
Washington
-$1.42M -30,367 Closed
AAP
170
Arax Advisory Partners
Colorado
-$1.33M -28,445 Closed
OMC
171
Old Mission Capital
Illinois
-$683K -14,618 Closed
AI
172
Atria Investments
North Carolina
-$660K -14,134 Closed
BAM
173
Belpointe Asset Management
Nevada
-$600K -12,850 Closed
TNBTD
174
Trustmark National Bank Trust Department
Mississippi
-$378K -8,092 Closed
PSCM
175
Per Stirling Capital Management
Texas
-$370K -7,931 Closed

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.