RFG Advisory LLC Boosts Holdings in First Trust Municipal High Income ETF $FMHI

RFG Advisory LLC boosted its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 26.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,039 shares of the company’s stock after purchasing an additional 11,299 shares during the quarter. RFG Advisory LLC’s holdings in First Trust Municipal High Income ETF were worth $2,620,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FMHI. NewEdge Advisors LLC raised its stake in shares of First Trust Municipal High Income ETF by 10.2% in the 2nd quarter. NewEdge Advisors LLC now owns 296,778 shares of the company’s stock valued at $14,391,000 after acquiring an additional 27,555 shares during the period. Hedeker Wealth LLC boosted its stake in shares of First Trust Municipal High Income ETF by 5.6% during the 2nd quarter. Hedeker Wealth LLC now owns 10,518 shares of the company’s stock valued at $510,000 after buying an additional 558 shares during the last quarter. IFP Advisors Inc grew its position in shares of First Trust Municipal High Income ETF by 13.3% during the second quarter. IFP Advisors Inc now owns 41,153 shares of the company’s stock worth $1,996,000 after buying an additional 4,840 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of First Trust Municipal High Income ETF by 13.9% during the second quarter. Baird Financial Group Inc. now owns 6,950 shares of the company’s stock worth $337,000 after buying an additional 850 shares in the last quarter. Finally, Allworth Financial LP bought a new stake in shares of First Trust Municipal High Income ETF in the second quarter worth $557,000.

First Trust Municipal High Income ETF Price Performance

FMHI opened at $46.16 on Friday. First Trust Municipal High Income ETF has a 1-year low of $46.03 and a 1-year high of $48.73. The company has a 50-day moving average of $47.68 and a 200-day moving average of $47.96.

First Trust Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a $0.178 dividend. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.18. The ex-dividend date was Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

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.