Seamount Financial Group Inc. Grows Stock Holdings in First Trust Municipal High Income ETF $FMHI

Seamount Financial Group Inc. increased its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,390 shares of the company’s stock after purchasing an additional 356 shares during the period. Seamount Financial Group Inc. owned 0.10% of First Trust Municipal High Income ETF worth $719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FMHI. Kestra Private Wealth Services LLC boosted its holdings in First Trust Municipal High Income ETF by 39.3% in the first quarter. Kestra Private Wealth Services LLC now owns 28,953 shares of the company’s stock valued at $1,384,000 after acquiring an additional 8,161 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of First Trust Municipal High Income ETF by 7.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,276 shares of the company’s stock worth $491,000 after purchasing an additional 680 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of First Trust Municipal High Income ETF by 13.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,303,252 shares of the company’s stock valued at $62,302,000 after purchasing an additional 151,935 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of First Trust Municipal High Income ETF by 9.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 134,146 shares of the company’s stock worth $6,413,000 after purchasing an additional 11,138 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in First Trust Municipal High Income ETF by 24.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,915 shares of the company’s stock worth $1,095,000 after purchasing an additional 4,538 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

NASDAQ FMHI opened at $47.57 on Tuesday. First Trust Municipal High Income ETF has a one year low of $44.80 and a one year high of $49.40. The company’s 50 day moving average price is $46.81 and its 200 day moving average price is $46.74.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.169 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Thursday, September 25th. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

First Trust Municipal High Income ETF Company 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.