First Trust Municipal High Income ETF
FMHI
176 hedge funds and large institutions have $545M invested in First Trust Municipal High Income ETF in 2024 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 84 increasing their positions, 41 reducing their positions, and 10 closing their positions.
240% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 10
105% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 41
11% more funds holding
Funds holding: 158 → 176 (+18)
3% more capital invested
Capital invested by funds: $528M → $545M (+$17.8M)
0.2% more ownership
Funds ownership: 72.66% → 72.86% (+0.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.27M |
| 2 |
LPL Financial
San Diego,
California
|
+$4.42M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3.58M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.86M |
| 5 |
Citigroup
New York
|
+$2.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$18.1M |
| 2 |
AA
AJ Advisors
Nashville,
Tennessee
|
-$2.95M |
| 3 |
PAG
Private Advisory Group
Redmond,
Washington
|
-$2.25M |
| 4 |
Jane Street
New York
|
-$1.1M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$887K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
CIBC Private Wealth Group
Atlanta,
Georgia
| $145 | – | – | – |
|
|
AA
177
AJ Advisors
Nashville,
Tennessee
| – | -$2.95M | -59,806 | Closed |
|
|
PAG
178
Private Advisory Group
Redmond,
Washington
| – | -$2.25M | -45,476 | Closed |
|
|
CSPIA
179
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$643K | -13,018 | Closed |
|
|
OMC
180
Old Mission Capital
Chicago,
Illinois
| – | -$323K | -6,547 | Closed |
|
|
VCM
181
Virtue Capital Management
Brentwood,
Tennessee
| – | -$266K | -5,379 | Closed |
|
|
HGERS
182
Householder Group Estate & Retirement Specialist
Scottsdale,
Arizona
| – | -$235K | -4,772 | Closed |
|
|
M1FG
183
Mach-1 Financial Group
Rogers,
Arkansas
| – | -$204K | -4,129 | Closed |
|
|
NS
184
NBC Securities
Birmingham,
Alabama
| – | -$7K | -145 | Closed |
|
185
Barclays
London,
United Kingdom
| – | -$1.09K | -22 | Closed |
|
|
GEA
186
Glen Eagle Advisors
Kingston,
New Jersey
| – | -$692 | -14 | Closed |
|
FMHI Hedge Fund Activity: Q4 2024 in Review
176 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q4 2024, worth a combined $545M — up 3.4% from $528M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new FMHI positions and 10 closed out — a net gain of 24 holders — while 84 added to existing stakes and 41 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.27M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $18.1M.
- 176 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q4 2024, up from 158 in Q3 2024.
- Funds reported $545M of First Trust Municipal High Income ETF stock for Q4 2024, up 3.4% quarter-over-quarter.
- 34 funds opened new First Trust Municipal High Income ETF positions in Q4 2024 and 10 closed out, a net change of +24 holders.
- The largest First Trust Municipal High Income ETF buyer in Q4 2024 was Morgan Stanley, an estimated $5.27M added.
- The largest First Trust Municipal High Income ETF seller in Q4 2024 was Wealth Enhancement Advisory Services, an estimated $18.1M sold.
Based on aggregated 13F filings for Q4 2024.