Ashton Thomas Securities LLC Grows Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Ashton Thomas Securities LLC raised its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,513 shares of the company’s stock after acquiring an additional 2,027 shares during the period. Ashton Thomas Securities LLC’s holdings in First Trust Municipal High Income ETF were worth $942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of First Trust Municipal High Income ETF by 187.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 868 shares of the company’s stock valued at $42,000 after acquiring an additional 566 shares during the last quarter. Duncker Streett & Co. Inc. bought a new stake in shares of First Trust Municipal High Income ETF in the 4th quarter valued at approximately $67,000. Larson Financial Group LLC purchased a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter worth approximately $92,000. Synergy Investment Management LLC bought a new position in shares of First Trust Municipal High Income ETF during the 4th quarter valued at approximately $124,000. Finally, Silver Oak Securities Incorporated raised its holdings in First Trust Municipal High Income ETF by 9.4% during the 4th quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after buying an additional 399 shares during the period.

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI opened at $48.12 on Tuesday. The business has a fifty day moving average of $48.44 and a 200 day moving average of $48.71. First Trust Municipal High Income ETF has a 52-week low of $47.33 and a 52-week high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.163 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.96 annualized dividend and a dividend yield of 4.06%.

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.