Wedbush Securities Inc. bought a new stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,875 shares of the company’s stock, valued at approximately $622,000. Wedbush Securities Inc. owned 0.06% of First Trust Municipal High Income ETF as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of FMHI. MBL Wealth LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 1.6% during the 3rd quarter. MBL Wealth LLC now owns 78,885 shares of the company’s stock worth $3,538,000 after acquiring an additional 1,280 shares during the period. Brookstone Capital Management boosted its position in shares of First Trust Municipal High Income ETF by 12.3% during the 3rd quarter. Brookstone Capital Management now owns 8,328 shares of the company’s stock worth $374,000 after acquiring an additional 914 shares in the last quarter. Sowell Financial Services LLC increased its stake in First Trust Municipal High Income ETF by 4.9% in the third quarter. Sowell Financial Services LLC now owns 18,806 shares of the company’s stock valued at $843,000 after acquiring an additional 883 shares during the last quarter. Boyd Wealth Management LLC increased its stake in First Trust Municipal High Income ETF by 5.3% in the third quarter. Boyd Wealth Management LLC now owns 19,450 shares of the company’s stock valued at $872,000 after acquiring an additional 977 shares during the last quarter. Finally, Retirement Planning Group LLC bought a new position in First Trust Municipal High Income ETF in the third quarter valued at approximately $847,000.
First Trust Municipal High Income ETF Price Performance
FMHI stock opened at $45.96 on Wednesday. The firm has a 50-day moving average price of $46.01 and a 200-day moving average price of $47.58. 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 firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be given a dividend of $0.1790 per share. The ex-dividend date is Wednesday, October 21st. This represents a $2.15 annualized dividend and a yield of 4.7%.
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.
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