Meeder Advisory Services Inc. Acquires 53,675 Shares of First Trust Municipal High Income ETF $FMHI

Meeder Advisory Services Inc. grew its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 13.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 449,655 shares of the company’s stock after purchasing an additional 53,675 shares during the period. First Trust Municipal High Income ETF makes up about 1.0% of Meeder Advisory Services Inc.’s portfolio, making the stock its 23rd biggest position. Meeder Advisory Services Inc. owned about 2.58% of First Trust Municipal High Income ETF worth $21,363,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FMHI. AQR Capital Management LLC acquired a new stake in First Trust Municipal High Income ETF in the first quarter valued at about $377,000. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Municipal High Income ETF by 2.2% in the first quarter. Geneos Wealth Management Inc. now owns 10,394 shares of the company’s stock worth $497,000 after acquiring an additional 224 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Trust Municipal High Income ETF by 12.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,468,443 shares of the company’s stock valued at $68,708,000 after purchasing an additional 165,191 shares in the last quarter. Marshall Financial Group LLC grew its holdings in shares of First Trust Municipal High Income ETF by 2.1% during the 2nd quarter. Marshall Financial Group LLC now owns 13,057 shares of the company’s stock valued at $610,000 after purchasing an additional 268 shares during the last quarter. Finally, Sowell Financial Services LLC grew its holdings in shares of First Trust Municipal High Income ETF by 0.7% during the 2nd quarter. Sowell Financial Services LLC now owns 31,853 shares of the company’s stock valued at $1,488,000 after purchasing an additional 233 shares during the last quarter.

First Trust Municipal High Income ETF Trading Up 0.1%

FMHI stock opened at $48.18 on Monday. The company has a 50 day simple moving average of $47.94 and a 200 day simple moving average of $47.30. First Trust Municipal High Income ETF has a 1 year low of $44.80 and a 1 year high of $49.05.

First Trust Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.169 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, December 12th.

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.