Oppenheimer & Co. Inc. Buys 68,074 Shares of First Trust Municipal High Income ETF $FMHI

Oppenheimer & Co. Inc. purchased a new position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 68,074 shares of the company’s stock, valued at approximately $3,053,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of First Trust Municipal High Income ETF in the third quarter valued at about $729,000. Sigma Planning Corp acquired a new position in First Trust Municipal High Income ETF during the third quarter worth about $303,000. Sowell Financial Services LLC grew its position in First Trust Municipal High Income ETF by 4.9% during the third quarter. Sowell Financial Services LLC now owns 18,806 shares of the company’s stock worth $843,000 after buying an additional 883 shares during the period. Wedbush Securities Inc. acquired a new position in First Trust Municipal High Income ETF during the third quarter worth about $622,000. Finally, MBL Wealth LLC increased its holdings in First Trust Municipal High Income ETF by 1.6% in the third quarter. MBL Wealth LLC now owns 78,885 shares of the company’s stock valued at $3,538,000 after buying an additional 1,280 shares in the last quarter.

First Trust Municipal High Income ETF Stock Up 0.4%

Shares of First Trust Municipal High Income ETF stock opened at $46.26 on Friday. The company has a 50-day moving average of $45.92 and a two-hundred day moving average of $47.55. First Trust Municipal High Income ETF has a 12-month low of $44.34 and a 12-month high of $48.73.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were issued a $0.1790 dividend. The ex-dividend date was Wednesday, October 21st. This represents a $2.15 dividend on an annualized basis and a dividend yield of 4.6%.

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.