First Trust Municipal High Income ETF
FMHI
104 hedge funds and large institutions have $200M invested in First Trust Municipal High Income ETF in 2022 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 46 reducing their positions, and 23 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
4.14% more ownership
Funds ownership: 61% → 65.14% (+4.1%)
6% less capital invested
Capital invested by funds: $212M → $200M (-$12.2M)
9% less funds holding
Funds holding: 114 → 104 (-10)
28% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 46
39% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RT
Rockland Trust
Hanover,
Massachusetts
|
+$14.1M |
| 2 |
Citigroup
New York
|
+$9.26M |
| 3 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$8.4M |
| 4 |
EFL
ERn Financial LLC
Middleton,
Wisconsin
|
+$5.48M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$2.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$10.1M |
| 2 |
LPL Financial
San Diego,
California
|
-$8.09M |
| 3 |
Jane Street
New York
|
-$5.13M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
-$2.9M |
| 5 |
PAG
Private Advisory Group
Redmond,
Washington
|
-$2.75M |
FMHI Hedge Fund Activity: Q2 2022 in Review
104 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q2 2022, worth a combined $200M — down 5.8% from $212M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of FMHI and 14 opened new positions — a net loss of 9 holders — while 46 trimmed existing stakes and 33 added.
The largest buyer was Rockland Trust, opening a new position worth an estimated $14.1M. The largest seller was Morgan Stanley, cutting an estimated $10.1M.
- 104 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q2 2022, down from 114 in Q1 2022.
- Funds reported $200M of First Trust Municipal High Income ETF stock for Q2 2022, down 5.8% quarter-over-quarter.
- 14 funds opened new First Trust Municipal High Income ETF positions in Q2 2022 and 23 closed out, a net change of -9 holders.
- The largest First Trust Municipal High Income ETF buyer in Q2 2022 was Rockland Trust, an estimated $14.1M added.
- The largest First Trust Municipal High Income ETF seller in Q2 2022 was Morgan Stanley, an estimated $10.1M sold.
Based on aggregated 13F filings for Q2 2022.