Country Trust Bank Acquires 863 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Country Trust Bank increased its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 17,652 shares of the company’s stock after buying an additional 863 shares during the quarter. Country Trust Bank owned about 0.11% of First Trust Municipal High Income ETF worth $852,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FMHI. Larson Financial Group LLC bought a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter worth approximately $92,000. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Municipal High Income ETF during the 3rd quarter valued at about $109,000. Mach 1 Financial Group LLC bought a new stake in First Trust Municipal High Income ETF during the 3rd quarter worth approximately $204,000. SeaCrest Wealth Management LLC purchased a new position in First Trust Municipal High Income ETF during the third quarter valued at approximately $225,000. Finally, Westside Investment Management Inc. boosted its position in shares of First Trust Municipal High Income ETF by 100.0% in 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 period.

First Trust Municipal High Income ETF Stock Down 0.1 %

Shares of First Trust Municipal High Income ETF stock opened at $48.35 on Friday. The company has a fifty day moving average of $48.50 and a 200 day moving average of $48.82. First Trust Municipal High Income ETF has a fifty-two week low of $47.33 and a fifty-two week high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a $0.163 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.96 dividend on an annualized basis and a yield of 4.05%.

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.