MGO One Seven LLC Purchases New Shares in First Trust Municipal High Income ETF $FMHI

MGO One Seven LLC acquired a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,122 shares of the company’s stock, valued at approximately $858,000.

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of First Trust Municipal High Income ETF by 23.7% in the 1st quarter. Bank of America Corp DE now owns 798,920 shares of the company’s stock worth $37,981,000 after acquiring an additional 153,170 shares in the last quarter. Meeder Advisory Services Inc. lifted its stake in shares of First Trust Municipal High Income ETF by 11.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 542,231 shares of the company’s stock valued at $25,778,000 after purchasing an additional 53,886 shares during the period. Cetera Investment Advisers boosted its position in shares of First Trust Municipal High Income ETF by 29.2% during the 1st quarter. Cetera Investment Advisers now owns 359,142 shares of the company’s stock valued at $17,074,000 after purchasing an additional 81,197 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of First Trust Municipal High Income ETF by 10.2% during the 2nd quarter. NewEdge Advisors LLC now owns 296,778 shares of the company’s stock valued at $14,391,000 after purchasing an additional 27,555 shares in the last quarter. Finally, Ashton Thomas Securities LLC grew its stake in First Trust Municipal High Income ETF by 6.9% during the first quarter. Ashton Thomas Securities LLC now owns 146,300 shares of the company’s stock worth $6,955,000 after purchasing an additional 9,422 shares during the period.

First Trust Municipal High Income ETF Price Performance

Shares of First Trust Municipal High Income ETF stock traded up $0.15 on Friday, reaching $46.81. 124,441 shares of the company’s stock were exchanged, compared to its average volume of 166,055. First Trust Municipal High Income ETF has a 52 week low of $44.34 and a 52 week high of $48.73. The firm’s 50-day moving average is $45.83 and its two-hundred day moving average is $47.50.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were given a dividend of $0.1790 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $2.15 annualized dividend 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.