Financial Advocates Investment Management Has $2.69 Million Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Financial Advocates Investment Management lessened its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,468 shares of the company’s stock after selling 2,921 shares during the quarter. Financial Advocates Investment Management owned about 0.36% of First Trust Municipal High Income ETF worth $2,691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FMHI. Concurrent Investment Advisors LLC grew its position in shares of First Trust Municipal High Income ETF by 13.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 18,491 shares of the company’s stock worth $891,000 after buying an additional 2,153 shares during the period. Avantax Advisory Services Inc. increased its holdings in shares of First Trust Municipal High Income ETF by 172.2% in the first quarter. Avantax Advisory Services Inc. now owns 13,187 shares of the company’s stock valued at $635,000 after purchasing an additional 8,343 shares during the last quarter. Socha Financial Group LLC grew its stake in shares of First Trust Municipal High Income ETF by 3.2% in the first quarter. Socha Financial Group LLC now owns 18,475 shares of the company’s stock valued at $890,000 after acquiring an additional 572 shares in the last quarter. Manhattan West Asset Management LLC grew its stake in shares of First Trust Municipal High Income ETF by 6.6% in the first quarter. Manhattan West Asset Management LLC now owns 181,057 shares of the company’s stock valued at $8,723,000 after acquiring an additional 11,236 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of First Trust Municipal High Income ETF by 881.4% in the first quarter. Jane Street Group LLC now owns 107,345 shares of the company’s stock valued at $5,172,000 after acquiring an additional 96,407 shares in the last quarter.

First Trust Municipal High Income ETF Stock Down 0.1 %

FMHI opened at $48.60 on Friday. First Trust Municipal High Income ETF has a twelve month low of $43.90 and a twelve month high of $49.51. The company has a 50-day simple moving average of $49.13 and a 200 day simple moving average of $48.60.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were given a dividend of $0.163 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.96 annualized dividend and a yield of 4.02%.

First Trust Municipal High Income ETF Company Profile

The First Trust Municipal High Income ETF (FMHI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds a broad range of US municipal bonds. FMHI was launched on Nov 1, 2017 and is managed by First Trust.