23,792 Shares in First Trust Municipal High Income ETF $FMHI Acquired by Triton Wealth Management PLLC

Triton Wealth Management PLLC bought a new position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 23,792 shares of the company’s stock, valued at approximately $1,092,000. First Trust Municipal High Income ETF accounts for approximately 0.5% of Triton Wealth Management PLLC’s holdings, making the stock its 27th largest holding.

Several other hedge funds have also added to or reduced their stakes in FMHI. Wealth Enhancement Advisory Services LLC boosted its position in First Trust Municipal High Income ETF by 13.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,303,252 shares of the company’s stock worth $62,302,000 after buying an additional 151,935 shares during the period. Janney Montgomery Scott LLC boosted 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 buying an additional 4,538 shares during the period. Sowell Financial Services LLC boosted its position in First Trust Municipal High Income ETF by 0.7% during the 1st quarter. Sowell Financial Services LLC now owns 31,620 shares of the company’s stock worth $1,512,000 after buying an additional 220 shares during the period. Cornerstone Wealth Management LLC boosted its position in First Trust Municipal High Income ETF by 0.6% during the 1st quarter. Cornerstone Wealth Management LLC now owns 74,504 shares of the company’s stock worth $3,562,000 after buying an additional 437 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in First Trust Municipal High Income ETF by 7.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,276 shares of the company’s stock worth $491,000 after buying an additional 680 shares during the period.

First Trust Municipal High Income ETF Trading Down 0.1%

NASDAQ:FMHI opened at $47.90 on Wednesday. The firm’s 50 day simple moving average is $46.99 and its 200 day simple moving average is $46.74. First Trust Municipal High Income ETF has a one year low of $44.80 and a one year high of $49.40.

First Trust Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.169 dividend. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date was Thursday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.