Advisory Resource Group Buys 1,646 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Advisory Resource Group boosted its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,719 shares of the company’s stock after purchasing an additional 1,646 shares during the quarter. Advisory Resource Group’s holdings in First Trust Municipal High Income ETF were worth $2,208,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FMHI. Truist Financial Corp increased 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 worth $657,000 after acquiring an additional 243 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of First Trust Municipal High Income ETF in the second quarter worth about $365,000. CWM LLC boosted its position in shares of First Trust Municipal High Income ETF by 19.8% during the third quarter. CWM LLC now owns 24,160 shares of the company’s stock worth $1,194,000 after buying an additional 3,991 shares during the period. SeaCrest Wealth Management LLC acquired a new position in shares of First Trust Municipal High Income ETF during the third quarter worth about $225,000. Finally, Cornerstone Wealth Management LLC boosted its position in shares of First Trust Municipal High Income ETF by 3.6% during the third quarter. Cornerstone Wealth Management LLC now owns 71,756 shares of the company’s stock worth $3,545,000 after buying an additional 2,518 shares during the period.

First Trust Municipal High Income ETF Price Performance

FMHI stock opened at $48.70 on Friday. The business has a 50-day moving average of $48.46 and a 200-day moving average of $48.82. First Trust Municipal High Income ETF has a fifty-two week low of $47.33 and a fifty-two week high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a dividend of $0.163 per share. The ex-dividend date was Wednesday, January 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.