First Trust Municipal High Income ETF $FMHI Shares Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC increased its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 132.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,982 shares of the company’s stock after acquiring an additional 11,947 shares during the period. Sagespring Wealth Partners LLC owned approximately 0.13% of First Trust Municipal High Income ETF worth $980,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in First Trust Municipal High Income ETF by 12.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,468,443 shares of the company’s stock valued at $68,708,000 after acquiring an additional 165,191 shares during the period. SlateStone Wealth LLC grew its stake in First Trust Municipal High Income ETF by 40.5% in the 1st quarter. SlateStone Wealth LLC now owns 233,078 shares of the company’s stock valued at $11,142,000 after acquiring an additional 67,175 shares during the period. OLD Mission Capital LLC acquired a new stake in shares of First Trust Municipal High Income ETF in the first quarter valued at about $2,229,000. EWG Elevate Inc. acquired a new stake in shares of First Trust Municipal High Income ETF in the second quarter valued at about $2,148,000. Finally, HighTower Advisors LLC grew its position in shares of First Trust Municipal High Income ETF by 24.3% in the first quarter. HighTower Advisors LLC now owns 191,717 shares of the company’s stock valued at $9,165,000 after purchasing an additional 37,524 shares during the period.

First Trust Municipal High Income ETF Trading Up 0.1%

Shares of NASDAQ FMHI opened at $47.97 on Thursday. First Trust Municipal High Income ETF has a 52-week low of $44.80 and a 52-week high of $49.40. The company’s 50-day simple moving average is $47.03 and its 200-day simple moving average is $46.75.

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 paid a $0.169 dividend. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, September 25th.

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.