GSG Advisors LLC Acquires 3,013 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

GSG Advisors LLC boosted its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,165 shares of the company’s stock after buying an additional 3,013 shares during the period. First Trust Municipal High Income ETF makes up about 0.8% of GSG Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. GSG Advisors LLC owned approximately 0.35% of First Trust Municipal High Income ETF worth $2,664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC bought a new position in shares of 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 in the third quarter valued at about $109,000. Mach 1 Financial Group LLC bought a new stake in shares of First Trust Municipal High Income ETF in the third quarter worth about $204,000. SeaCrest Wealth Management LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the third quarter worth about $225,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of First Trust Municipal High Income ETF during the 2nd quarter valued at about $279,000.

First Trust Municipal High Income ETF Price Performance

NASDAQ FMHI opened at $47.95 on Tuesday. The business has a 50 day simple moving average of $48.65 and a 200 day simple moving average of $48.85. First Trust Municipal High Income ETF has a 52-week low of $47.14 and a 52-week high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.163 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.08%.

About First Trust Municipal High Income ETF

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.