J.W. Cole Advisors Inc. Invests $614,000 in First Trust Municipal High Income ETF $FMHI

J.W. Cole Advisors Inc. bought a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,138 shares of the company’s stock, valued at approximately $614,000. J.W. Cole Advisors Inc. owned approximately 0.08% of First Trust Municipal High Income ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FMHI. Wealth Enhancement Advisory Services LLC boosted its holdings in First Trust Municipal High Income ETF by 12.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,468,443 shares of the company’s stock worth $68,708,000 after purchasing an additional 165,191 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of First Trust Municipal High Income ETF in the second quarter valued at $3,021,000. AJ Advisors LLC bought a new position in shares of First Trust Municipal High Income ETF in the second quarter valued at $2,760,000. Daymark Wealth Partners LLC acquired a new position in First Trust Municipal High Income ETF during the second quarter worth $2,222,000. Finally, OLD Mission Capital LLC bought a new stake in First Trust Municipal High Income ETF during the first quarter worth $2,229,000.

First Trust Municipal High Income ETF Price Performance

Shares of FMHI opened at $47.92 on Tuesday. The firm has a 50-day moving average of $47.91 and a 200-day moving average of $47.04. First Trust Municipal High Income ETF has a one year low of $44.80 and a one year high of $49.40.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were issued a dividend of $0.169 per share. The ex-dividend date was Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.