First Trust Municipal High Income ETF
FMHI
86 hedge funds and large institutions have $170M invested in First Trust Municipal High Income ETF in 2021 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 16 reducing their positions, and 6 closing their positions.
233% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 6
150% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 16
36% more capital invested
Capital invested by funds: $124M → $170M (+$45.4M)
19% more funds holding
Funds holding: 72 → 86 (+14)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.28% less ownership
Funds ownership: 69.13% → 67.85% (-1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$10.8M |
| 2 |
Citigroup
New York
|
+$4.77M |
| 3 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$4.54M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$3.48M |
| 5 |
LPL Financial
San Diego,
California
|
+$3.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$2.85M |
| 2 |
SWM
Spire Wealth Management
Mclean,
Virginia
|
-$1.31M |
| 3 |
GSC
G&S Capital
Denver,
Colorado
|
-$877K |
| 4 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
-$770K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
-$762K |
FMHI Hedge Fund Activity: Q2 2021 in Review
86 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q2 2021, worth a combined $170M — up 36% from $124M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new FMHI positions and 6 closed out — a net gain of 14 holders — while 40 added to existing stakes and 16 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $10.8M. The largest seller was Jane Street, cutting an estimated $2.85M.
- 86 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q2 2021, up from 72 in Q1 2021.
- Funds reported $170M of First Trust Municipal High Income ETF stock for Q2 2021, up 36% quarter-over-quarter.
- 20 funds opened new First Trust Municipal High Income ETF positions in Q2 2021 and 6 closed out, a net change of +14 holders.
- The largest First Trust Municipal High Income ETF buyer in Q2 2021 was Morgan Stanley, an estimated $10.8M added.
- The largest First Trust Municipal High Income ETF seller in Q2 2021 was Jane Street, an estimated $2.85M sold.
Based on aggregated 13F filings for Q2 2021.