High Net Worth Advisory Group LLC Boosts Stock Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

High Net Worth Advisory Group LLC boosted its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 8.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,119 shares of the company’s stock after purchasing an additional 2,051 shares during the quarter. High Net Worth Advisory Group LLC’s holdings in First Trust Municipal High Income ETF were worth $1,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Great Valley Advisor Group Inc. lifted its position in shares of First Trust Municipal High Income ETF by 1.1% in the third quarter. Great Valley Advisor Group Inc. now owns 19,639 shares of the company’s stock worth $970,000 after buying an additional 209 shares in the last quarter. WealthCare Investment Partners LLC boosted its position in shares of First Trust Municipal High Income ETF by 2.3% during the 3rd quarter. WealthCare Investment Partners LLC now owns 10,715 shares of the company’s stock valued at $526,000 after acquiring an additional 242 shares during the last quarter. Truist Financial Corp grew its holdings in shares of First Trust Municipal High Income ETF by 1.8% in the second quarter. Truist Financial Corp now owns 13,605 shares of the company’s stock valued at $657,000 after purchasing an additional 243 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in First Trust Municipal High Income ETF by 3.4% in the third quarter. Integrated Wealth Concepts LLC now owns 9,063 shares of the company’s stock worth $448,000 after purchasing an additional 302 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its position in First Trust Municipal High Income ETF by 4.3% in the fourth quarter. AdvisorNet Financial Inc now owns 11,699 shares of the company’s stock worth $565,000 after purchasing an additional 481 shares during the last quarter.

First Trust Municipal High Income ETF Trading Up 0.2 %

FMHI stock opened at $48.19 on Monday. First Trust Municipal High Income ETF has a 52 week low of $47.28 and a 52 week high of $49.51. The company has a fifty day simple moving average of $48.54 and a two-hundred day simple moving average of $48.83.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Wednesday, January 22nd.

About First Trust Municipal High Income ETF

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.