D.A. Davidson & CO. Increases Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

D.A. Davidson & CO. boosted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 22.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,583 shares of the company’s stock after buying an additional 7,933 shares during the period. D.A. Davidson & CO. owned approximately 0.28% of First Trust Municipal High Income ETF worth $2,153,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Jane Street Group LLC increased its stake in shares of First Trust Municipal High Income ETF by 881.4% in the first quarter. Jane Street Group LLC now owns 107,345 shares of the company’s stock worth $5,172,000 after acquiring an additional 96,407 shares during the period. Comerica Bank lifted its holdings in shares of First Trust Municipal High Income ETF by 77.4% in the 1st quarter. Comerica Bank now owns 13,943 shares of the company’s stock valued at $672,000 after buying an additional 6,082 shares during the period. Cetera Investment Advisers boosted its stake in shares of First Trust Municipal High Income ETF by 585.7% in the first quarter. Cetera Investment Advisers now owns 145,955 shares of the company’s stock worth $7,032,000 after buying an additional 124,671 shares during the last quarter. Cetera Advisors LLC acquired a new stake in First Trust Municipal High Income ETF during the first quarter worth about $1,446,000. Finally, Stewardship Advisors LLC grew its holdings in First Trust Municipal High Income ETF by 31.2% during the second quarter. Stewardship Advisors LLC now owns 22,811 shares of the company’s stock worth $1,102,000 after acquiring an additional 5,418 shares during the period.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ:FMHI opened at $49.18 on Friday. First Trust Municipal High Income ETF has a 12-month low of $46.12 and a 12-month high of $49.51. The business has a 50 day moving average of $48.97 and a two-hundred day moving average of $48.76.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were paid a $0.163 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Thursday, November 21st.

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.