First Trust Municipal High Income ETF
FMHI
7 hedge funds and large institutions have $17.8M invested in First Trust Municipal High Income ETF in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 2 increasing their positions, reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
88.97% more ownership
Funds ownership: 0% → 88.97% (+89%)
75% more funds holding
Funds holding: 4 → 7 (+3)
21% more capital invested
Capital invested by funds: $14.7M → $17.8M (+$3.04M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$7.83M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.78M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$717K |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$664K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$601K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$5.05M |
| 2 |
Goldman Sachs
New York
|
-$4.22M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Bank of America
Charlotte,
North Carolina
| $7.8M | +$7.83M | +156,350 | New |
|
|
CS
2
Credit Suisse
Zurich,
Switzerland
| $4.99M | +$601K | +12,000 | +14% |
|
|
3
LPL Financial
San Diego,
California
| $1.77M | +$1.78M | +35,496 | New |
|
4
Jane Street
New York
| $1.37M | +$382K | +7,624 | +38% |
|
|
5
Royal Bank of Canada
Toronto,
Ontario, Canada
| $714K | +$717K | +14,316 | New |
|
|
FAAS
6
First Allied Advisory Services
San Diego,
California
| $658K | +$664K | +13,257 | New |
|
|
BTS
7
BB&T Securities
Richmond,
Virginia
| $450K | +$452K | +9,021 | New |
|
|
8
Citigroup
New York
| – | -$5.05M | -100,000 | Closed |
|
|
9
Goldman Sachs
New York
| – | -$4.22M | -83,567 | Closed |
|
FMHI Hedge Fund Activity: Q1 2018 in Review
7 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q1 2018, worth a combined $17.8M — up 21% from $14.7M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FMHI positions and 2 closed out — a net gain of 3 holders — while 2 added to existing stakes and 0 trimmed.
The largest buyer was Bank of America, opening a new position worth an estimated $7.83M. The largest seller was Citigroup, exiting entirely with an estimated $5.05M sold.
- 7 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q1 2018, up from 4 in Q4 2017.
- Funds reported $17.8M of First Trust Municipal High Income ETF stock for Q1 2018, up 21% quarter-over-quarter.
- 5 funds opened new First Trust Municipal High Income ETF positions in Q1 2018 and 2 closed out, a net change of +3 holders.
- The largest First Trust Municipal High Income ETF buyer in Q1 2018 was Bank of America, an estimated $7.83M added.
- The largest First Trust Municipal High Income ETF seller in Q1 2018 was Citigroup, an estimated $5.05M sold.
Based on aggregated 13F filings for Q1 2018.