Wealth Enhancement Advisory Services LLC Has $75.16 Million Stock Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Wealth Enhancement Advisory Services LLC grew its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 4.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,521,354 shares of the company’s stock after acquiring an additional 59,086 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.10% of First Trust Municipal High Income ETF worth $75,155,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Rothschild Investment LLC acquired a new position in First Trust Municipal High Income ETF in the second quarter valued at about $30,000. Westside Investment Management Inc. grew its position in shares of First Trust Municipal High Income ETF by 66.7% in the 1st quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock valued at $120,000 after purchasing an additional 1,000 shares during the period. International Assets Investment Management LLC bought a new stake in First Trust Municipal High Income ETF during the 2nd quarter worth approximately $184,000. Elevated Capital Advisors LLC acquired a new stake in First Trust Municipal High Income ETF during the 2nd quarter worth approximately $211,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in First Trust Municipal High Income ETF during the 3rd quarter worth approximately $225,000.

First Trust Municipal High Income ETF Stock Performance

FMHI traded up $0.04 during trading on Friday, reaching $48.66. The company had a trading volume of 199,669 shares, compared to its average volume of 67,756. First Trust Municipal High Income ETF has a 12 month low of $43.90 and a 12 month high of $49.51. The business’s fifty day moving average price is $49.15 and its 200 day moving average price is $48.58.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be given a $0.163 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.96 annualized dividend and a 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.