JPMorgan Chase & Co. Acquires 27,945 Shares of First Trust Municipal High Income ETF $FMHI

JPMorgan Chase & Co. boosted its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 30.1% in the third quarter, HoldingsChannel reports. The fund owned 120,746 shares of the company’s stock after acquiring an additional 27,945 shares during the period. JPMorgan Chase & Co.’s holdings in First Trust Municipal High Income ETF were worth $5,737,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FMHI. Wealth Enhancement Advisory Services LLC grew its holdings in First Trust Municipal High Income ETF by 5.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,552,746 shares of the company’s stock worth $73,833,000 after purchasing an additional 84,303 shares during the period. Meeder Advisory Services Inc. lifted its holdings in shares of First Trust Municipal High Income ETF by 13.6% during the third quarter. Meeder Advisory Services Inc. now owns 449,655 shares of the company’s stock valued at $21,363,000 after purchasing an additional 53,675 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of First Trust Municipal High Income ETF by 6.6% during the third quarter. Citigroup Inc. now owns 424,426 shares of the company’s stock valued at $20,164,000 after purchasing an additional 26,438 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of First Trust Municipal High Income ETF by 13.8% in the 2nd quarter. NewEdge Advisors LLC now owns 271,231 shares of the company’s stock worth $12,667,000 after purchasing an additional 32,887 shares in the last quarter. Finally, Manhattan West Asset Management LLC boosted its position in shares of First Trust Municipal High Income ETF by 4.1% in the 3rd quarter. Manhattan West Asset Management LLC now owns 214,561 shares of the company’s stock worth $10,194,000 after purchasing an additional 8,512 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

First Trust Municipal High Income ETF stock opened at $47.73 on Thursday. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $48.73. The stock’s 50 day moving average is $48.11 and its 200 day moving average is $47.98.

First Trust Municipal High Income ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.175 dividend. The ex-dividend date of this dividend was Thursday, March 26th.

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.