Sowell Financial Services LLC Purchases New Shares in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Sowell Financial Services LLC purchased a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,400 shares of the company’s stock, valued at approximately $1,516,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of First Trust Municipal High Income ETF in the fourth quarter valued at about $17,256,000. Financial Partners Group Inc grew its stake in First Trust Municipal High Income ETF by 3.9% during the fourth quarter. Financial Partners Group Inc now owns 244,826 shares of the company’s stock worth $11,823,000 after buying an additional 9,180 shares in the last quarter. HighTower Advisors LLC grew its stake in First Trust Municipal High Income ETF by 186.1% during the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock worth $8,513,000 after buying an additional 112,110 shares in the last quarter. Atlas Private Wealth Advisors grew its stake in First Trust Municipal High Income ETF by 6.6% during the fourth quarter. Atlas Private Wealth Advisors now owns 169,954 shares of the company’s stock worth $8,207,000 after buying an additional 10,463 shares in the last quarter. Finally, EnRich Financial Partners LLC grew its stake in First Trust Municipal High Income ETF by 5.3% during the third quarter. EnRich Financial Partners LLC now owns 139,912 shares of the company’s stock worth $6,912,000 after buying an additional 6,990 shares in the last quarter.

First Trust Municipal High Income ETF Trading Up 0.2 %

Shares of First Trust Municipal High Income ETF stock opened at $48.64 on Tuesday. First Trust Municipal High Income ETF has a 12-month low of $47.33 and a 12-month high of $49.51. The firm’s 50-day moving average price is $48.43 and its two-hundred day moving average price is $48.76.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.163 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.02%.

First Trust Municipal High Income ETF 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.