Kestra Private Wealth Services LLC Purchases 14,231 Shares of First Trust Municipal High Income ETF $FMHI

Kestra Private Wealth Services LLC raised its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 47.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,956 shares of the company’s stock after acquiring an additional 14,231 shares during the quarter. Kestra Private Wealth Services LLC owned approximately 0.23% of First Trust Municipal High Income ETF worth $2,107,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FMHI. Farther Finance Advisors LLC grew its stake in First Trust Municipal High Income ETF by 21.3% in the third quarter. Farther Finance Advisors LLC now owns 1,207 shares of the company’s stock valued at $57,000 after purchasing an additional 212 shares in the last quarter. Advyzon Investment Management LLC increased its holdings in shares of First Trust Municipal High Income ETF by 2.3% in the third quarter. Advyzon Investment Management LLC now owns 9,783 shares of the company’s stock valued at $465,000 after purchasing an additional 223 shares during the last quarter. Arbor Capital Management Inc. ADV raised its holdings in First Trust Municipal High Income ETF by 1.7% in the 3rd quarter. Arbor Capital Management Inc. ADV now owns 15,578 shares of the company’s stock valued at $740,000 after acquiring an additional 257 shares during the period. Hedeker Wealth LLC grew its position in shares of First Trust Municipal High Income ETF by 3.1% in the third quarter. Hedeker Wealth LLC now owns 9,792 shares of the company’s stock valued at $465,000 after purchasing an additional 297 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in First Trust Municipal High Income ETF by 4.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock worth $382,000 after buying an additional 365 shares during the period.

First Trust Municipal High Income ETF Price Performance

FMHI opened at $48.01 on Friday. The stock has a fifty day moving average of $48.04 and a 200-day moving average of $48.04. First Trust Municipal High Income ETF has a fifty-two week low of $45.83 and a fifty-two week high of $48.73.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were paid a $0.175 dividend. The ex-dividend date was Tuesday, April 21st.

About First Trust Municipal High Income ETF

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.