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First Trust Municipal High Income ETF

48 hedge funds and large institutions have $58.6M invested in First Trust Municipal High Income ETF in 2020 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

275% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 4

31% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 13

23% more funds holding

Funds holding: 3948 (+9)

8% more capital invested

Capital invested by funds: $54.1M → $58.6M (+$4.47M)

3.23% more ownership

Funds ownership: 57.98%61.21% (+3.2%)

Holders
48
Holders Change
+9
Holders Change %
+23.08%
% of All Funds
1.06%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
15
Increased
17
Reduced
13
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LPL Financial
1
LPL Financial
California
$8.91M +$837K +15,768 +10%
Bank of America
2
Bank of America
North Carolina
$7.3M -$2.16M -40,791 -22%
Jane Street
3
Jane Street
New York
$5.65M +$4.75M +89,504 +350%
SCA
4
Snowden Capital Advisors
New York
$3.66M +$806K +15,190 +26%
Osaic Holdings
5
Osaic Holdings
Arizona
$3.62M +$3.93M +74,089 New
GIA
6
Gladstone Institutional Advisory
Florida
$2.74M -$3.08M -58,011 -51%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$2.32M +$189K +3,555 +8%
PAG
8
Private Advisor Group
New Jersey
$2.18M +$843K +15,893 +56%
Envestnet Asset Management
9
Envestnet Asset Management
Illinois
$2.07M +$1.94M +36,508 +649%
Morgan Stanley
10
Morgan Stanley
New York
$1.84M +$1.99M +37,419 New
Truist Financial
11
Truist Financial
North Carolina
$1.76M -$35.4K -668 -2%
NA
12
NewEdge Advisors
Louisiana
$1.74M -$35.1K -662 -2%
FAAS
13
First Allied Advisory Services
California
$1.6M +$111K +2,091 +7%
Cambridge Investment Research Advisors
14
Cambridge Investment Research Advisors
Iowa
$1.56M +$711K +13,402 +73%
CFG
15
Cooper Financial Group
California
$1.22M +$110K +2,080 +9%
RJA
16
Raymond James & Associates
Florida
$904K +$977K +18,409 New
Citadel Advisors
17
Citadel Advisors
Florida
$669K -$881K -16,600 -55%
CS
18
Credit Suisse
Switzerland
$663K +$717K +13,514 New
CIAS
19
Capital Investment Advisory Services
North Carolina
$652K +$76.9K +1,450 +12%
WCFA
20
Walkner Condon Financial Advisors
Wisconsin
$611K -$287K -5,405 -30%
PCM
21
Prelude Capital Management
New York
$607K -$45.8K -863 -7%
APWM
22
Atlas Private Wealth Management
New York
$560K
FAIM
23
Financial Advocates Investment Management
Washington
$505K +$102K +1,917 +23%
TWM
24
Triton Wealth Management
Arizona
$441K +$490K +9,238 New
CWM
25
Cornerstone Wealth Management
Missouri
$425K +$69K +1,301 +18%

FMHI Hedge Fund Activity: Q1 2020 in Review

48 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q1 2020, worth a combined $58.6M — up 8.3% from $54.1M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new FMHI positions and 4 closed out — a net gain of 11 holders — while 17 added to existing stakes and 13 trimmed.

The largest buyer was Jane Street, adding an estimated $4.75M. The largest seller was Gladstone Institutional Advisory, cutting an estimated $3.08M.

  • 48 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q1 2020, up from 39 in Q4 2019.
  • Funds reported $58.6M of First Trust Municipal High Income ETF stock for Q1 2020, up 8.3% quarter-over-quarter.
  • 15 funds opened new First Trust Municipal High Income ETF positions in Q1 2020 and 4 closed out, a net change of +11 holders.
  • The largest First Trust Municipal High Income ETF buyer in Q1 2020 was Jane Street, an estimated $4.75M added.
  • The largest First Trust Municipal High Income ETF seller in Q1 2020 was Gladstone Institutional Advisory, an estimated $3.08M sold.

Based on aggregated 13F filings for Q1 2020.