Summit Wealth Partners LLC Has $699,000 Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Summit Wealth Partners LLC grew its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 31.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,465 shares of the company’s stock after buying an additional 3,480 shares during the quarter. Summit Wealth Partners LLC owned 0.09% of First Trust Municipal High Income ETF worth $699,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FMHI. Larson Financial Group LLC acquired a new position in First Trust Municipal High Income ETF during the third quarter worth $92,000. Farmers & Merchants Investments Inc. acquired a new position in First Trust Municipal High Income ETF during the third quarter worth $109,000. Mach 1 Financial Group LLC acquired a new position in First Trust Municipal High Income ETF during the third quarter worth $204,000. SeaCrest Wealth Management LLC acquired a new position in First Trust Municipal High Income ETF during the third quarter worth $225,000. Finally, Westside Investment Management Inc. boosted its holdings in First Trust Municipal High Income ETF by 100.0% during the fourth quarter. Westside Investment Management Inc. now owns 5,000 shares of the company’s stock worth $241,000 after purchasing an additional 2,500 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI opened at $48.74 on Thursday. The firm has a fifty day simple moving average of $48.48 and a 200 day simple moving average of $48.82. First Trust Municipal High Income ETF has a 12 month low of $47.33 and a 12 month high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.