IFP Advisors Inc Grows Stake in First Trust Municipal High Income ETF $FMHI

IFP Advisors Inc lifted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 23.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 32,656 shares of the company’s stock after purchasing an additional 6,168 shares during the period. IFP Advisors Inc’s holdings in First Trust Municipal High Income ETF were worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

First Trust Municipal High Income ETF Trading Up 0.3%

NASDAQ FMHI opened at $47.81 on Friday. The business’s fifty day moving average is $46.93 and its 200 day moving average is $46.74. First Trust Municipal High Income ETF has a fifty-two week low of $44.80 and a fifty-two week high of $49.40.

First Trust Municipal High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.169 per share. This represents a c) annualized dividend and a yield of 4.2%. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. 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.