First Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETF
MFLX
25 hedge funds and large institutions have $9.16M invested in First Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETF in 2025 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
4% more funds holding
Funds holding: 24 → 25 (+1)
5% less capital invested
Capital invested by funds: $9.6M → $9.16M (-$440K)
5.47% less ownership
Funds ownership: 56.82% → 51.34% (-5.5%)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$204K |
| 2 |
US Bancorp
Minneapolis,
Minnesota
|
+$12.9K |
| 3 |
HI
Harbour Investments
Madison,
Wisconsin
|
+$12.6K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$4.43K |
| 5 |
HW
Hedeker Wealth
Lincolnshire,
Illinois
|
+$3.02K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$351K |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$322K |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$117K |
| 4 |
ATPW
Ashton Thomas Private Wealth
Scottsdale,
Arizona
|
-$79.4K |
| 5 |
KWA
Kingswood Wealth Advisors
San Diego,
California
|
-$42K |
MFLX Hedge Fund Activity: Q4 2025 in Review
25 of the 8,228 institutional investors tracked by Wall St. Rank reported a position in First Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETF (MFLX) for Q4 2025, worth a combined $9.16M — down 4.6% from $9.6M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new MFLX positions and 2 closed out — a net gain of 1 holder — while 7 added to existing stakes and 9 trimmed.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $204K. The largest seller was Susquehanna International Group, cutting an estimated $351K.
- 25 institutional investors held First Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETF (MFLX) as of Q4 2025, up from 24 in Q3 2025.
- Funds reported $9.16M of First Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETF stock for Q4 2025, down 4.6% quarter-over-quarter.
- 3 funds opened new First Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETF positions in Q4 2025 and 2 closed out, a net change of +1 holder.
- The largest First Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETF buyer in Q4 2025 was Goldman Sachs, an estimated $204K added.
- The largest First Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETF seller in Q4 2025 was Susquehanna International Group, an estimated $351K sold.
Based on aggregated 13F filings for Q4 2025.