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First Trust Municipal High Income ETF

20 hedge funds and large institutions have $28.1M invested in First Trust Municipal High Income ETF in 2018 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 3 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 1

233% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 3

51% more capital invested

Capital invested by funds: $18.6M → $28.1M (+$9.53M)

33% more funds holding

Funds holding: 1520 (+5)

26.08% more ownership

Funds ownership: 61.88%87.96% (+26%)

Holders
20
Holders Change
+5
Holders Change %
+33.33%
% of All Funds
0.45%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
6
Increased
10
Reduced
3
Closed
1
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$9.59M +$1.38M +27,757 +17%
GIA
2
Gladstone Institutional Advisory
Florida
$5.56M +$5.53M +111,187 New
LPL Financial
3
LPL Financial
California
$2.33M +$130K +2,602 +6%
Jane Street
4
Jane Street
New York
$1.78M +$1.39M +27,985 +371%
SCA
5
Snowden Capital Advisors
New York
$1.74M +$1.36M +27,293 +363%
Susquehanna International Group
6
Susquehanna International Group
Pennsylvania
$1.07M +$816K +16,402 +332%
FAAS
7
First Allied Advisory Services
California
$983K +$73.3K +1,472 +8%
PCM
8
Prelude Capital Management
New York
$983K +$979K +19,660 New
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$954K -$2.64M -52,971 -74%
BTS
10
BB&T Securities
Virginia
$953K +$11.8K +238 +1%
PAG
11
Private Advisor Group
New Jersey
$728K +$5.72K +115 +0.8%
FHC
12
First Heartland Consultants
Missouri
$525K -$45K -905 -8%
CS
13
Credit Suisse
Switzerland
$308K +$306K +6,157 New
PFS
14
Prospera Financial Services
Texas
$231K +$230K +4,614 New
AG
15
Advisor Group
Arizona
$211K +$189K +3,804 +919%
LTFS
16
Ladenburg Thalmann Financial Services
Florida
$94K -$3.48K -70 -4%
BFEC
17
Benjamin F. Edwards & Company
Missouri
$35K +$34.4K +692 New
AIC
18
Ameritas Investment Company
Nebraska
$30K +$29.9K +600 New
IA
19
IFP Advisors
Florida
$6K
NA
20
NewEdge Advisors
Louisiana
$475 +$213K +4,277 +82%
CPIG
21
Chicago Partners Investment Group
Illinois
-$23K -457 Closed

FMHI Hedge Fund Activity: Q4 2018 in Review

20 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q4 2018, worth a combined $28.1M — up 51% from $18.6M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new FMHI positions and 1 closed out — a net gain of 5 holders — while 10 added to existing stakes and 3 trimmed.

The largest buyer was Jane Street, adding an estimated $1.39M. The largest seller was Royal Bank of Canada, cutting an estimated $2.64M.

  • 20 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q4 2018, up from 15 in Q3 2018.
  • Funds reported $28.1M of First Trust Municipal High Income ETF stock for Q4 2018, up 51% quarter-over-quarter.
  • 6 funds opened new First Trust Municipal High Income ETF positions in Q4 2018 and 1 closed out, a net change of +5 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q4 2018 was Jane Street, an estimated $1.39M added.
  • The largest First Trust Municipal High Income ETF seller in Q4 2018 was Royal Bank of Canada, an estimated $2.64M sold.

Based on aggregated 13F filings for Q4 2018.