Who Owns First Trust Municipal High Income ETF (FMHI)?Hedge Fund & Institutional Holders

$48.09+0.12 (+0.24%)Financial ServicesNASDAQ

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

—

QoQ Change in Holders

+12 / -5

Price History

$45.90$46.79$47.69$48.58$49.47Jul 24May 25Mar 26

FMHI — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
BANK OF AMERICA CORP /DE/Increased+282K+$30.0B
Meeder Advisory Services, Inc.New Position+488K+$23.0B
Principle Wealth Partners LLCNew Position+230K+$11.0B
EnRich Financial Partners LLCNew Position+177K+$8.5B
WELLS FARGO & COMPANY/MNIncreased+155K+$6.9B
ASHTON THOMAS SECURITIES, LLCNew Position+137K+$6.6B
Plan Group Financial, LLCNew Position+83K+$4.0B
Stewardship Advisors, LLCNew Position+82K+$3.9B
Cornerstone Wealth Management, LLCNew Position+81K+$3.9B
Crumly & Associates Inc.New Position+78K+$3.7B
MBL Wealth, LLCNew Position+74K+$3.6B
Atlas Private Wealth AdvisorsNew Position+64K+$3.1B
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLCNew Position+61K+$2.9B
AJ Advisors, LLCNew Position+60K+$2.9B
RAYMOND JAMES FINANCIAL INCIncreased+93K+$2.8B

FMHI — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
GREAT VALLEY ADVISOR GROUP, INC.Decreased-92K-$5.4B
EWG Elevate Inc.Closed Position-50K-$2.4B
Integrated Wealth Concepts LLCDecreased-18K-$2.3B
JANE STREET GROUP, LLCClosed Position-46K-$2.2B
ROYAL BANK OF CANADADecreased-26K-$1.6B
Visionary Wealth AdvisorsClosed Position-26K-$1.3B
CITIGROUP INCDecreased-13K-$1.2B
Elequin Capital, LPDecreased-24K-$1.1B
Equitable Holdings, Inc.Decreased-1K-$815.4M
CAPTRUST FINANCIAL ADVISORSDecreased-2K-$668.6M
IFP Advisors, IncDecreased-2K-$596.7M
Prospera Financial Services IncDecreased-4K-$547.9M
Advisory Services Network, LLCDecreased-806-$432.7M
SUSQUEHANNA INTERNATIONAL GROUP, LLPClosed Position-8K-$401.9M
Wealthcare Advisory Partners LLCClosed Position-8K-$399.1M

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1WELLS FARGO & COMPANY/MN787,646$37.0B0.01%Share
2Meeder Advisory Services, Inc.488,345$23.0B0.99%Share
3CITIGROUP INC410,996$19.0B0.01%Share
4WELLS FARGO & COMPANY/MN358,131$17.0B0.00%Share
5BANK OF AMERICA CORP /DE/370,241$17.0B0.00%Share
6UBS Group AG324,495$15.6B0.00%Share
7BANK OF AMERICA CORP /DE/275,509$13.0B0.00%Share
8Principle Wealth Partners LLC230,094$11.0B0.62%Share
9Manhattan West Asset Management, LLC212,202$10.2B2.08%Share
10RAYMOND JAMES FINANCIAL INC191,526$9.0B0.00%Share
11EnRich Financial Partners LLC176,821$8.5B2.31%Share
12OSAIC HOLDINGS, INC.168,073$8.0B0.01%Share
13JPMORGAN CHASE & CO170,451$8.0B0.00%Share
14ASHTON THOMAS SECURITIES, LLC136,878$6.6B1.25%Share
15ROYAL BANK OF CANADA131,999$6.0B0.00%Share
16Rockefeller Capital Management L.P.128,270$6.0B0.01%Share
17Vise Technologies, Inc.116,797$5.0B0.10%Share
18Cyndeo Wealth Partners, LLC92,000$4.4B0.24%Share
19Private Advisor Group, LLC86,569$4.0B0.02%Share
20RAYMOND JAMES FINANCIAL INC103,896$4.0B0.00%Share
21Plan Group Financial, LLC82,516$4.0B1.03%Share
22Stewardship Advisors, LLC81,744$3.9B0.91%Share
23Cornerstone Wealth Management, LLC81,032$3.9B0.20%Share
24Crumly & Associates Inc.77,854$3.7B0.78%Share
25MBL Wealth, LLC74,470$3.6B0.29%Share
26Atlas Private Wealth Advisors63,711$3.1B0.71%Share
27Equitable Holdings, Inc.78,824$3.0B0.02%Share
28INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC61,087$2.9B0.20%Share
29AJ Advisors, LLC60,429$2.9B1.07%Share
30ShoreHaven Wealth Partners, LLC49,860$2.4B0.86%Share
31OPPENHEIMER & CO INC48,517$2.3B0.03%Share
32D.A. DAVIDSON & CO.46,928$2.2B0.01%Share
33STEPHENS INC /AR/45,738$2.2B0.03%Share
34COMMONWEALTH EQUITY SERVICES, LLC57,479$2.0B0.00%Share
35Evergreen Private Wealth LLC37,912$1.8B0.72%Share
36ROCKLAND TRUST CO36,992$1.8B0.07%Share
37Mutual Advisors, LLC36,599$1.8B0.04%Share
38Synergy Investment Management, LLC36,320$1.7B0.62%Share
39Sowell Financial Services LLC27,930$1.3B0.05%Share
40GSG Advisors LLC27,163$1.3B0.34%Share
41Main Street Financial Solutions, LLC25,965$1.2B0.09%Share
42Triton Wealth Management, PLLC23,428$1.1B0.42%Share
43Boyce & Associates Wealth Consulting, Inc.23,502$1.1B0.94%Share
44High Net Worth Advisory Group LLC22,312$1.1B0.25%Share
45STIFEL FINANCIAL CORP30,893$1.0B0.00%Share
46ELEVATION POINT WEALTH PARTNERS, LLC27,284$1.0B0.05%Share
47IFP Advisors, Inc31,689$1.0B0.02%Share
48Traction Financial Partners, LLC20,465$980.0M0.58%Share
49Hobart Private Capital, LLC18,380$881.0M0.17%Share
50Curran Financial Partners, LLC17,895$857.0M0.16%Share

FMHI Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025175$311.6B+87
Q3 202588$265.0B-76
Q2 2025164$448.3B-2
Q1 2025166$511.5B+18
Q4 2024148$7.0T+40
Q3 2024108$62.0T+1
Q2 2024107$15.3T+20
Q1 202487$14.0T—

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As of Q4 2025, 50 institutional investors hold FMHI (First Trust Municipal High Income ETF). The largest holder is WELLS FARGO & COMPANY/MN with $37.0B in shares. This quarter, 12 institutions opened new positions and 5 closed their positions.

Frequently Asked Questions

How many hedge funds own FMHI?

As of Q4 2025, 50 institutional investors report holding FMHI (First Trust Municipal High Income ETF) in their 13F filings.

Who is the largest institutional holder of FMHI?

The largest institutional holder of FMHI is WELLS FARGO & COMPANY/MN with $37.0B in shares.

Is institutional ownership of FMHI increasing or decreasing?

This quarter, 12 institutions opened new positions in FMHI and 5 closed their positions.