First Trust Municipal High Income ETF
FMHI
182 hedge funds and large institutions have $659M invested in First Trust Municipal High Income ETF in 2026 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 78 increasing their positions, 54 reducing their positions, and 13 closing their positions.
54% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 13
44% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 54
2% more funds holding
Funds holding: 178 → 182 (+4)
1% more capital invested
Capital invested by funds: $651M → $659M (+$8.51M)
3.76% less ownership
Funds ownership: 74.65% → 70.89% (-3.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$7.37M |
| 2 |
Goldman Sachs
New York
|
+$4.74M |
| 3 |
Morgan Stanley
New York
|
+$4.54M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$3.91M |
| 5 |
SW
SlateStone Wealth
Jupiter,
Florida
|
+$3.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$13.2M |
| 2 |
SA
Stewardship Advisors
Mount Joy,
Pennsylvania
|
-$3.42M |
| 3 |
LPL Financial
San Diego,
California
|
-$3.24M |
| 4 |
AA
AJ Advisors
Nashville,
Tennessee
|
-$2.9M |
| 5 |
Bank of New York Mellon
New York
|
-$2.01M |
FMHI Hedge Fund Activity: Q1 2026 in Review
182 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in First Trust Municipal High Income ETF (FMHI) for Q1 2026, worth a combined $659M — up 1.3% from $651M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new FMHI positions and 13 closed out — a net gain of 7 holders — while 78 added to existing stakes and 54 trimmed.
The largest buyer was Bank of America, adding an estimated $7.37M. The largest seller was Wealth Enhancement Advisory Services, cutting an estimated $13.2M.
- 182 institutional investors held First Trust Municipal High Income ETF (FMHI) as of Q1 2026, up from 178 in Q4 2025.
- Funds reported $659M of First Trust Municipal High Income ETF stock for Q1 2026, up 1.3% quarter-over-quarter.
- 20 funds opened new First Trust Municipal High Income ETF positions in Q1 2026 and 13 closed out, a net change of +7 holders.
- The largest First Trust Municipal High Income ETF buyer in Q1 2026 was Bank of America, an estimated $7.37M added.
- The largest First Trust Municipal High Income ETF seller in Q1 2026 was Wealth Enhancement Advisory Services, an estimated $13.2M sold.
Based on aggregated 13F filings for Q1 2026.