IFP Advisors Inc Has $1.24 Million Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

IFP Advisors Inc raised its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,623 shares of the company’s stock after purchasing an additional 1,521 shares during the quarter. IFP Advisors Inc owned 0.16% of First Trust Municipal High Income ETF worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Financial Partners Group Inc boosted its holdings in First Trust Municipal High Income ETF by 3.9% during the fourth quarter. Financial Partners Group Inc now owns 244,826 shares of the company’s stock valued at $11,823,000 after purchasing an additional 9,180 shares in the last quarter. HighTower Advisors LLC boosted its holdings in First Trust Municipal High Income ETF by 186.1% during the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock valued at $8,513,000 after purchasing an additional 112,110 shares in the last quarter. Atlas Private Wealth Advisors boosted its holdings in First Trust Municipal High Income ETF by 6.6% during the fourth quarter. Atlas Private Wealth Advisors now owns 169,954 shares of the company’s stock valued at $8,207,000 after purchasing an additional 10,463 shares in the last quarter. EnRich Financial Partners LLC boosted its holdings in First Trust Municipal High Income ETF by 5.3% during the third quarter. EnRich Financial Partners LLC now owns 139,912 shares of the company’s stock valued at $6,912,000 after purchasing an additional 6,990 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in First Trust Municipal High Income ETF by 0.8% during the third quarter. Raymond James & Associates now owns 129,197 shares of the company’s stock valued at $6,382,000 after purchasing an additional 1,086 shares in the last quarter.

First Trust Municipal High Income ETF Stock Down 0.1 %

NASDAQ FMHI opened at $48.79 on Thursday. First Trust Municipal High Income ETF has a 1-year low of $47.33 and a 1-year high of $49.51. The stock’s 50 day moving average is $48.34 and its two-hundred day moving average is $48.78.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, February 21st.

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.