First Trust Municipal High Income ETF
FMHI
20 hedge funds and large institutions have $28.6M 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.
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
54% more capital invested
Capital invested by funds: $18.6M → $28.6M (+$10M)
33% more funds holding
Funds holding: 15 → 20 (+5)
26.08% more ownership
Funds ownership: 61.88% → 87.96% (+26%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$1.39M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.38M |
| 3 |
SCA
Snowden Capital Advisors
New York
|
+$1.36M |
| 4 |
PCM
Prelude Capital Management
New York
|
+$979K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$816K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.64M |
| 2 |
FHC
First Heartland Consultants
Lake St. Louis,
Missouri
|
-$45K |
| 3 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
-$23K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$3.48K |
FMHI Hedge Fund Activity: Q4 2018 in Review
20 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q4 2018, worth a combined $28.6M — up 54% 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 $28.6M of First Trust Municipal High Income ETF stock for Q4 2018, up 54% 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.