Flagstar Advisors Inc. Grows Stock Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Flagstar Advisors Inc. boosted its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,975 shares of the company’s stock after purchasing an additional 212 shares during the quarter. Flagstar Advisors Inc.’s holdings in First Trust Municipal High Income ETF were worth $1,399,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC purchased a new stake in First Trust Municipal High Income ETF during the third quarter valued at $92,000. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Municipal High Income ETF during the third quarter valued at $109,000. Mach 1 Financial Group LLC purchased a new stake in First Trust Municipal High Income ETF during the third quarter valued at $204,000. Silver Oak Securities Incorporated increased its position in First Trust Municipal High Income ETF by 9.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after acquiring an additional 399 shares during the last quarter. Finally, Westside Investment Management Inc. increased its position 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 valued at $241,000 after acquiring an additional 2,500 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

NASDAQ FMHI opened at $48.42 on Wednesday. The company’s 50-day moving average price is $48.35 and its 200-day moving average price is $48.80. 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 Dividend Announcement

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 dividend yield of 4.04%. The ex-dividend date was Wednesday, January 22nd.

First Trust Municipal High Income ETF Company 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.