Mutual Advisors LLC Raises Holdings in First Trust Municipal High Income ETF $FMHI

Mutual Advisors LLC increased its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 2.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 34,174 shares of the company’s stock after acquiring an additional 704 shares during the period. Mutual Advisors LLC’s holdings in First Trust Municipal High Income ETF were worth $1,572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Triton Wealth Management PLLC purchased a new position in shares of First Trust Municipal High Income ETF during the second quarter worth $1,092,000. Sagespring Wealth Partners LLC boosted its position in shares of First Trust Municipal High Income ETF by 132.2% during the second quarter. Sagespring Wealth Partners LLC now owns 20,982 shares of the company’s stock worth $980,000 after buying an additional 11,947 shares during the period. Atria Wealth Solutions Inc. boosted its position in shares of First Trust Municipal High Income ETF by 6.2% during the second quarter. Atria Wealth Solutions Inc. now owns 5,820 shares of the company’s stock worth $272,000 after buying an additional 342 shares during the period. Total Clarity Wealth Management Inc. purchased a new position in shares of First Trust Municipal High Income ETF during the second quarter worth $234,000. Finally, Landmark Wealth Management LLC boosted its position in shares of First Trust Municipal High Income ETF by 4.2% during the second quarter. Landmark Wealth Management LLC now owns 5,585 shares of the company’s stock worth $261,000 after buying an additional 224 shares during the period.

First Trust Municipal High Income ETF Stock Performance

FMHI opened at $48.14 on Friday. First Trust Municipal High Income ETF has a 52 week low of $44.80 and a 52 week high of $49.40. The business has a fifty day simple moving average of $47.10 and a 200-day simple moving average of $46.76.

First Trust Municipal High Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a $0.169 dividend. The ex-dividend date was Thursday, September 25th. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a dividend yield of 4.2%.

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.