First Trust Municipal High Income ETF
FMHI
142 hedge funds and large institutions have $400M invested in First Trust Municipal High Income ETF in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 49 increasing their positions, 46 reducing their positions, and 9 closing their positions.
244% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 9
52% more capital invested
Capital invested by funds: $264M → $400M (+$137M)
17% more funds holding
Funds holding: 121 → 142 (+21)
10.55% more ownership
Funds ownership: 65.43% → 75.98% (+11%)
7% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$46M |
| 2 |
Morgan Stanley
New York
|
+$27.6M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$11M |
| 4 |
PWP
Principle Wealth Partners
Madison,
Connecticut
|
+$7.74M |
| 5 |
CA
Crumly & Associates
Springfield,
Illinois
|
+$6.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$8.81M |
| 2 |
Rockefeller Capital Management
New York
|
-$5.91M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$4.53M |
| 4 |
RT
Rockland Trust
Hanover,
Massachusetts
|
-$3.51M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.75M |
FMHI Hedge Fund Activity: Q4 2023 in Review
142 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q4 2023, worth a combined $400M — up 52% from $264M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new FMHI positions and 9 closed out — a net gain of 22 holders — while 49 added to existing stakes and 46 trimmed.
The largest buyer was Wealth Enhancement Advisory Services, adding an estimated $46M. The largest seller was RFG Advisory, cutting an estimated $8.81M.
- 142 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q4 2023, up from 121 in Q3 2023.
- Funds reported $400M of First Trust Municipal High Income ETF stock for Q4 2023, up 52% quarter-over-quarter.
- 31 funds opened new First Trust Municipal High Income ETF positions in Q4 2023 and 9 closed out, a net change of +22 holders.
- The largest First Trust Municipal High Income ETF buyer in Q4 2023 was Wealth Enhancement Advisory Services, an estimated $46M added.
- The largest First Trust Municipal High Income ETF seller in Q4 2023 was RFG Advisory, an estimated $8.81M sold.
Based on aggregated 13F filings for Q4 2023.