First Trust Municipal High Income ETF
FMHI
15 hedge funds and large institutions have $18.6M invested in First Trust Municipal High Income ETF in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 1 reducing their positions, and 3 closing their positions.
700% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 1
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
25% more funds holding
Funds holding: 12 → 15 (+3)
10% more capital invested
Capital invested by funds: $16.9M → $18.6M (+$1.65M)
0.72% more ownership
Funds ownership: 61.16% → 61.88% (+0.72%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$763K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$663K |
| 3 |
SCA
Snowden Capital Advisors
New York
|
+$378K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$329K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$263K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$952K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$291K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$217K |
FMHI Hedge Fund Activity: Q3 2018 in Review
15 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q3 2018, worth a combined $18.6M — up 9.8% from $16.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FMHI positions and 3 closed out — a net gain of 3 holders — while 8 added to existing stakes and 1 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $763K. The largest seller was Credit Suisse, exiting entirely with an estimated $952K sold.
- 15 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q3 2018, up from 12 in Q2 2018.
- Funds reported $18.6M of First Trust Municipal High Income ETF stock for Q3 2018, up 9.8% quarter-over-quarter.
- 6 funds opened new First Trust Municipal High Income ETF positions in Q3 2018 and 3 closed out, a net change of +3 holders.
- The largest First Trust Municipal High Income ETF buyer in Q3 2018 was Royal Bank of Canada, an estimated $763K added.
- The largest First Trust Municipal High Income ETF seller in Q3 2018 was Credit Suisse, an estimated $952K sold.
Based on aggregated 13F filings for Q3 2018.