First Trust Municipal High Income ETF
FMHI
12 hedge funds and large institutions have $16.9M invested in First Trust Municipal High Income ETF in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 0 closing their positions.
71% more funds holding
Funds holding: 7 → 12 (+5)
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
5% less capital invested
Capital invested by funds: $17.8M → $16.9M (-$832K)
27.81% less ownership
Funds ownership: 88.97% → 61.16% (-28%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.14M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$537K |
| 3 |
FHC
First Heartland Consultants
Lake St. Louis,
Missouri
|
+$421K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$397K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$248K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$4.07M |
| 2 |
Jane Street
New York
|
-$1.02M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$275K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Bank of America
Charlotte,
North Carolina
| $7.59M | -$275K | -5,479 | -4% |
|
|
2
Royal Bank of Canada
Toronto,
Ontario, Canada
| $2.86M | +$2.14M | +42,592 | +298% |
|
3
LPL Financial
San Diego,
California
| $2.01M | +$220K | +4,396 | +12% |
|
|
CS
4
Credit Suisse
Zurich,
Switzerland
| $952K | -$4.07M | -81,081 | -81% |
|
|
FAAS
5
First Allied Advisory Services
San Diego,
California
| $871K | +$206K | +4,106 | +31% |
|
|
BTS
6
BB&T Securities
Richmond,
Virginia
| $702K | +$248K | +4,948 | +55% |
|
|
7
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $539K | +$537K | +10,706 | New |
|
|
FHC
8
First Heartland Consultants
Lake St. Louis,
Missouri
| $423K | +$421K | +8,400 | New |
|
|
PAG
9
Private Advisor Group
Morristown,
New Jersey
| $398K | +$397K | +7,918 | New |
|
|
10
Jane Street
New York
| $359K | -$1.02M | -20,305 | -74% |
|
|
RJFSA
11
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| $217K | +$216K | +4,311 | New |
|
|
TRCT
12
Tower Research Capital (TRC)
New York
| – | +$50 | +1 | New |
|
FMHI Hedge Fund Activity: Q2 2018 in Review
12 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q2 2018, worth a combined $16.9M — down 4.7% from $17.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FMHI positions and 0 closed out — a net gain of 5 holders — while 4 added to existing stakes and 3 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $2.14M. The largest seller was Credit Suisse, cutting an estimated $4.07M.
- 12 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q2 2018, up from 7 in Q1 2018.
- Funds reported $16.9M of First Trust Municipal High Income ETF stock for Q2 2018, down 4.7% quarter-over-quarter.
- 5 funds opened new First Trust Municipal High Income ETF positions in Q2 2018 and 0 closed out, a net change of +5 holders.
- The largest First Trust Municipal High Income ETF buyer in Q2 2018 was Royal Bank of Canada, an estimated $2.14M added.
- The largest First Trust Municipal High Income ETF seller in Q2 2018 was Credit Suisse, an estimated $4.07M sold.
Based on aggregated 13F filings for Q2 2018.