HighTower Advisors LLC Has $5.75 Million Stock Position in First Trust Municipal High Income ETF $FMHI

HighTower Advisors LLC raised its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 28.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,044 shares of the company’s stock after acquiring an additional 26,536 shares during the quarter. HighTower Advisors LLC’s holdings in First Trust Municipal High Income ETF were worth $5,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Ameritas Advisory Services LLC increased its holdings in shares of First Trust Municipal High Income ETF by 121.0% in the third quarter. Ameritas Advisory Services LLC now owns 12,805 shares of the company’s stock valued at $608,000 after purchasing an additional 7,011 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in First Trust Municipal High Income ETF by 8.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,642 shares of the company’s stock worth $268,000 after buying an additional 447 shares in the last quarter. EnRich Financial Partners LLC boosted its position in First Trust Municipal High Income ETF by 4.0% in the 3rd quarter. EnRich Financial Partners LLC now owns 174,950 shares of the company’s stock valued at $8,312,000 after buying an additional 6,777 shares during the last quarter. RFG Advisory LLC increased its stake in shares of First Trust Municipal High Income ETF by 58.9% in the 3rd quarter. RFG Advisory LLC now owns 9,984 shares of the company’s stock valued at $474,000 after buying an additional 3,699 shares during the period. Finally, J.W. Cole Advisors Inc. raised its position in shares of First Trust Municipal High Income ETF by 4.3% during the third quarter. J.W. Cole Advisors Inc. now owns 13,700 shares of the company’s stock worth $651,000 after acquiring an additional 562 shares during the last quarter.

First Trust Municipal High Income ETF Trading Up 0.1%

First Trust Municipal High Income ETF stock opened at $48.42 on Tuesday. The business’s 50-day simple moving average is $48.09 and its 200 day simple moving average is $47.70. First Trust Municipal High Income ETF has a 12-month low of $44.80 and a 12-month high of $49.05.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.175 dividend. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, February 20th.

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.