First Trust Municipal High Income ETF $FMHI Stake Lifted by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lifted its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 11.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 542,231 shares of the company’s stock after acquiring an additional 53,886 shares during the quarter. First Trust Municipal High Income ETF comprises about 1.1% of Meeder Advisory Services Inc.’s investment portfolio, making the stock its 19th biggest holding. Meeder Advisory Services Inc.’s holdings in First Trust Municipal High Income ETF were worth $25,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in First Trust Municipal High Income ETF by 15.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,145,777 shares of the company’s stock worth $54,922,000 after purchasing an additional 154,624 shares in the last quarter. LPL Financial LLC increased its position in shares of First Trust Municipal High Income ETF by 12.5% during the 4th quarter. LPL Financial LLC now owns 1,167,716 shares of the company’s stock valued at $55,974,000 after purchasing an additional 129,684 shares during the period. Jane Street Group LLC increased its position in shares of First Trust Municipal High Income ETF by 888.7% during the 2nd quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock valued at $6,119,000 after purchasing an additional 117,782 shares during the period. Morgan Stanley raised its stake in shares of First Trust Municipal High Income ETF by 9.7% in the 4th quarter. Morgan Stanley now owns 1,321,787 shares of the company’s stock worth $63,359,000 after buying an additional 117,314 shares in the last quarter. Finally, Vise Technologies Inc. raised its stake in shares of First Trust Municipal High Income ETF by 147.2% in the 4th quarter. Vise Technologies Inc. now owns 116,797 shares of the company’s stock worth $5,599,000 after buying an additional 69,545 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of First Trust Municipal High Income ETF stock opened at $48.28 on Monday. The business has a fifty day simple moving average of $48.24 and a 200-day simple moving average of $48.14. First Trust Municipal High Income ETF has a fifty-two week low of $45.83 and a fifty-two week high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.177 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust Municipal High Income ETF’s previous dividend of $0.18.

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.