DHJJ Financial Advisors Ltd. Boosts Position in First Trust Municipal High Income ETF $FMHI

DHJJ Financial Advisors Ltd. increased its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 23.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,992 shares of the company’s stock after purchasing an additional 1,878 shares during the quarter. DHJJ Financial Advisors Ltd. owned approximately 0.06% of First Trust Municipal High Income ETF worth $467,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Analysts LLC lifted its stake in First Trust Municipal High Income ETF by 12,025.0% during the first quarter. Capital Analysts LLC now owns 1,455 shares of the company’s stock worth $70,000 after purchasing an additional 1,443 shares during the last quarter. Private Trust Co. NA lifted its stake in First Trust Municipal High Income ETF by 5.5% during the first quarter. Private Trust Co. NA now owns 5,201 shares of the company’s stock worth $249,000 after purchasing an additional 271 shares during the last quarter. Landmark Wealth Management LLC lifted its stake in First Trust Municipal High Income ETF by 8.9% during the first quarter. Landmark Wealth Management LLC now owns 5,361 shares of the company’s stock worth $256,000 after purchasing an additional 437 shares during the last quarter. AE Wealth Management LLC lifted its stake in First Trust Municipal High Income ETF by 109.1% during the first quarter. AE Wealth Management LLC now owns 6,009 shares of the company’s stock worth $287,000 after purchasing an additional 3,135 shares during the last quarter. Finally, Altus Wealth Group LLC lifted its stake in First Trust Municipal High Income ETF by 9.1% during the first quarter. Altus Wealth Group LLC now owns 6,707 shares of the company’s stock worth $321,000 after purchasing an additional 559 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

FMHI stock opened at $47.55 on Friday. The business has a 50 day moving average price of $46.75 and a 200 day moving average price of $46.77. First Trust Municipal High Income ETF has a fifty-two week low of $44.80 and a fifty-two week high of $49.51.

First Trust Municipal High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a $0.169 dividend. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Thursday, September 25th.

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.