Elequin Capital LP Grows Stock Position in First Trust Municipal High Income ETF $FMHI

Elequin Capital LP raised its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 779.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 30,767 shares of the company’s stock after acquiring an additional 27,267 shares during the period. Elequin Capital LP’s holdings in First Trust Municipal High Income ETF were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Equitable Holdings Inc. grew its stake in shares of First Trust Municipal High Income ETF by 3.0% during the 3rd quarter. Equitable Holdings Inc. now owns 80,307 shares of the company’s stock worth $3,815,000 after acquiring an additional 2,344 shares during the period. Comerica Bank raised its stake in First Trust Municipal High Income ETF by 5.9% in the 3rd quarter. Comerica Bank now owns 20,271 shares of the company’s stock valued at $963,000 after acquiring an additional 1,131 shares during the period. Private Advisor Group LLC raised its stake in First Trust Municipal High Income ETF by 11.4% in the 3rd quarter. Private Advisor Group LLC now owns 82,348 shares of the company’s stock valued at $3,912,000 after acquiring an additional 8,407 shares during the period. Total Clarity Wealth Management Inc. lifted its holdings in First Trust Municipal High Income ETF by 26.9% during the third quarter. Total Clarity Wealth Management Inc. now owns 6,367 shares of the company’s stock valued at $302,000 after purchasing an additional 1,351 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in First Trust Municipal High Income ETF by 50.8% during the third quarter. US Bancorp DE now owns 12,007 shares of the company’s stock valued at $570,000 after purchasing an additional 4,044 shares during the last quarter.

First Trust Municipal High Income ETF Trading Up 0.2%

Shares of NASDAQ:FMHI opened at $48.08 on Friday. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.05. The company has a 50-day moving average price of $48.22 and a two-hundred day moving average price of $47.89.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a dividend of $0.175 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, February 20th. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

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.