First Trust Municipal High Income ETF
FMHI
118 hedge funds and large institutions have $241M invested in First Trust Municipal High Income ETF in 2023 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 47 increasing their positions, 38 reducing their positions, and 10 closing their positions.
60% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 10
24% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 38
10% more capital invested
Capital invested by funds: $220M → $241M (+$21.9M)
4% more funds holding
Funds holding: 114 → 118 (+4)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3.26% less ownership
Funds ownership: 67.35% → 64.09% (-3.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
+$5.57M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$4.89M |
| 3 |
APWA
Atlas Private Wealth Advisors
Matawan,
New Jersey
|
+$3.03M |
| 4 |
VWA
Visionary Wealth Advisors
O'fallon,
Illinois
|
+$2.4M |
| 5 |
CA
Crumly & Associates
Springfield,
Illinois
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$7.29M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$983K |
| 3 |
RT
Rockland Trust
Hanover,
Massachusetts
|
-$891K |
| 4 |
LPL Financial
San Diego,
California
|
-$815K |
| 5 |
BWM
Boyd Wealth Management
Sacramento,
California
|
-$753K |
FMHI Hedge Fund Activity: Q2 2023 in Review
118 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q2 2023, worth a combined $241M — up 10% from $220M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FMHI positions and 10 closed out — a net gain of 6 holders — while 47 added to existing stakes and 38 trimmed.
The largest buyer was Rockefeller Capital Management, adding an estimated $5.57M. The largest seller was Bank of America, cutting an estimated $7.29M.
- 118 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q2 2023, up from 114 in Q1 2023.
- Funds reported $241M of First Trust Municipal High Income ETF stock for Q2 2023, up 10% quarter-over-quarter.
- 16 funds opened new First Trust Municipal High Income ETF positions in Q2 2023 and 10 closed out, a net change of +6 holders.
- The largest First Trust Municipal High Income ETF buyer in Q2 2023 was Rockefeller Capital Management, an estimated $5.57M added.
- The largest First Trust Municipal High Income ETF seller in Q2 2023 was Bank of America, an estimated $7.29M sold.
Based on aggregated 13F filings for Q2 2023.