Mutual Advisors LLC Buys 530 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Mutual Advisors LLC lifted its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,123 shares of the company’s stock after acquiring an additional 530 shares during the period. Mutual Advisors LLC owned approximately 0.21% of First Trust Municipal High Income ETF worth $1,548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC bought a new stake in shares of First Trust Municipal High Income ETF during the third quarter worth about $92,000. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust Municipal High Income ETF during the third quarter worth about $109,000. Mach 1 Financial Group LLC bought a new stake in shares of First Trust Municipal High Income ETF during the third quarter worth about $204,000. SeaCrest Wealth Management LLC bought a new stake in shares of First Trust Municipal High Income ETF during the third quarter worth about $225,000. Finally, Westside Investment Management Inc. increased its position in shares of 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 acquiring an additional 2,500 shares in the last quarter.

First Trust Municipal High Income ETF Price Performance

NASDAQ:FMHI opened at $48.19 on Friday. The firm has a 50-day moving average of $48.54 and a 200-day moving average of $48.83. First Trust Municipal High Income ETF has a one year low of $47.28 and a one year high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is 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.