Wedbush Securities Inc. Buys 13,875 Shares of First Trust Municipal High Income ETF $FMHI

Wedbush Securities Inc. bought a new position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 13,875 shares of the company’s stock, valued at approximately $622,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Concurrent Investment Advisors LLC increased its stake in shares of First Trust Municipal High Income ETF by 112.9% in the second quarter. Concurrent Investment Advisors LLC now owns 33,984 shares of the company’s stock valued at $1,648,000 after buying an additional 18,020 shares during the period. RFG Advisory LLC raised its position in shares of First Trust Municipal High Income ETF by 26.4% during the second quarter. RFG Advisory LLC now owns 54,039 shares of the company’s stock worth $2,620,000 after acquiring an additional 11,299 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of First Trust Municipal High Income ETF by 10.2% during the second quarter. NewEdge Advisors LLC now owns 296,778 shares of the company’s stock worth $14,391,000 after acquiring an additional 27,555 shares during the last quarter. Spartan Wealth Advisory Services LLC bought a new position in shares of First Trust Municipal High Income ETF during the first quarter worth about $1,605,000. Finally, Bank of America Corp DE raised its position in shares of First Trust Municipal High Income ETF by 23.7% during the first quarter. Bank of America Corp DE now owns 798,920 shares of the company’s stock worth $37,981,000 after acquiring an additional 153,170 shares during the last quarter.

First Trust Municipal High Income ETF Stock Down 0.1%

First Trust Municipal High Income ETF stock opened at $45.96 on Wednesday. The stock’s 50 day moving average is $46.01 and its 200 day moving average is $47.58. First Trust Municipal High Income ETF has a one year low of $44.34 and a one year high of $48.73.

First Trust Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st will be given a dividend of $0.1790 per share. This represents a $2.15 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, October 21st.

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.