First Trust Municipal High Income ETF
FMHI
105 hedge funds and large institutions have $190M invested in First Trust Municipal High Income ETF in 2022 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 41 increasing their positions, 33 reducing their positions, and 17 closing their positions.
41% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 17
24% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 33
5% more capital invested
Capital invested by funds: $180M → $190M (+$9.42M)
5% more funds holding
Funds holding: 100 → 105 (+5)
3.12% more ownership
Funds ownership: 60.33% → 63.45% (+3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$7.63M |
| 2 |
RA
RFG Advisory
Birmingham,
Alabama
|
+$3.34M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
+$2.38M |
| 4 |
HI
Harbour Investments
Madison,
Wisconsin
|
+$2.02M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RT
Rockland Trust
Hanover,
Massachusetts
|
-$8.86M |
| 2 |
Morgan Stanley
New York
|
-$5.1M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.6M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.43M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.37M |
FMHI Hedge Fund Activity: Q4 2022 in Review
105 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q4 2022, worth a combined $190M — up 5.2% from $180M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new FMHI positions and 17 closed out — a net gain of 7 holders — while 41 added to existing stakes and 33 trimmed.
The largest buyer was Jane Street, adding an estimated $7.63M. The largest seller was Rockland Trust, cutting an estimated $8.86M.
- 105 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q4 2022, up from 100 in Q3 2022.
- Funds reported $190M of First Trust Municipal High Income ETF stock for Q4 2022, up 5.2% quarter-over-quarter.
- 24 funds opened new First Trust Municipal High Income ETF positions in Q4 2022 and 17 closed out, a net change of +7 holders.
- The largest First Trust Municipal High Income ETF buyer in Q4 2022 was Jane Street, an estimated $7.63M added.
- The largest First Trust Municipal High Income ETF seller in Q4 2022 was Rockland Trust, an estimated $8.86M sold.
Based on aggregated 13F filings for Q4 2022.