First Trust Municipal High Income ETF
FMHI
113 hedge funds and large institutions have $232M invested in First Trust Municipal High Income ETF in 2021 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 55 increasing their positions, 21 reducing their positions, and 10 closing their positions.
162% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 21
150% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 10
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
15% more capital invested
Capital invested by funds: $201M → $232M (+$30.1M)
14% more funds holding
Funds holding: 99 → 113 (+14)
2.16% less ownership
Funds ownership: 63.91% → 61.75% (-2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$12.4M |
| 2 |
Morgan Stanley
New York
|
+$9.39M |
| 3 |
MSFS
Main Street Financial Solutions
Newtown,
Pennsylvania
|
+$4.46M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.41M |
| 5 |
APWA
Atlas Private Wealth Advisors
Matawan,
New Jersey
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$5.07M |
| 2 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$3.62M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$2.69M |
| 4 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
-$2.1M |
| 5 |
LA
LexAurum Advisors
Overland Park,
Kansas
|
-$1.78M |
FMHI Hedge Fund Activity: Q4 2021 in Review
113 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q4 2021, worth a combined $232M — up 15% from $201M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new FMHI positions and 10 closed out — a net gain of 15 holders — while 55 added to existing stakes and 21 trimmed.
The largest buyer was LPL Financial, adding an estimated $12.4M. The largest seller was Jane Street, exiting entirely with an estimated $5.07M sold.
- 113 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q4 2021, up from 99 in Q3 2021.
- Funds reported $232M of First Trust Municipal High Income ETF stock for Q4 2021, up 15% quarter-over-quarter.
- 25 funds opened new First Trust Municipal High Income ETF positions in Q4 2021 and 10 closed out, a net change of +15 holders.
- The largest First Trust Municipal High Income ETF buyer in Q4 2021 was LPL Financial, an estimated $12.4M added.
- The largest First Trust Municipal High Income ETF seller in Q4 2021 was Jane Street, an estimated $5.07M sold.
Based on aggregated 13F filings for Q4 2021.