First Trust Municipal High Income ETF
FMHI
158 hedge funds and large institutions have $528M invested in First Trust Municipal High Income ETF in 2024 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 79 increasing their positions, 41 reducing their positions, and 10 closing their positions.
93% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 41
70% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 10
17% more capital invested
Capital invested by funds: $452M → $528M (+$75.2M)
3% more funds holding
Funds holding: 153 → 158 (+5)
0.22% more ownership
Funds ownership: 72.43% → 72.66% (+0.22%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$10.5M |
| 2 |
PWP
Principle Wealth Partners
Madison,
Connecticut
|
+$9.62M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$6.42M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$5.49M |
| 5 |
LPL Financial
San Diego,
California
|
+$4.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
IFP Advisors
Tampa,
Florida
|
-$1.35M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$1.15M |
| 3 |
OFS
OneAscent Financial Services
Birmingham,
Alabama
|
-$1.01M |
| 4 |
HGERS
Householder Group Estate & Retirement Specialist
Scottsdale,
Arizona
|
-$771K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$731K |
FMHI Hedge Fund Activity: Q3 2024 in Review
158 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q3 2024, worth a combined $528M — up 17% from $452M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FMHI positions and 10 closed out — a net gain of 7 holders — while 79 added to existing stakes and 41 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $10.5M. The largest seller was IFP Advisors, cutting an estimated $1.35M.
- 158 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q3 2024, up from 153 in Q2 2024.
- Funds reported $528M of First Trust Municipal High Income ETF stock for Q3 2024, up 17% quarter-over-quarter.
- 17 funds opened new First Trust Municipal High Income ETF positions in Q3 2024 and 10 closed out, a net change of +7 holders.
- The largest First Trust Municipal High Income ETF buyer in Q3 2024 was Morgan Stanley, an estimated $10.5M added.
- The largest First Trust Municipal High Income ETF seller in Q3 2024 was IFP Advisors, an estimated $1.35M sold.
Based on aggregated 13F filings for Q3 2024.