Flagship Harbor Advisors LLC bought a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 16,260 shares of the company’s stock, valued at approximately $729,000.
Several other hedge funds and other institutional investors have also made changes to their positions in FMHI. Glen Eagle Advisors LLC acquired a new stake in shares of First Trust Municipal High Income ETF in the first quarter worth approximately $91,000. Parallel Advisors LLC purchased a new stake in shares of First Trust Municipal High Income ETF during the first quarter worth approximately $161,000. Western Wealth Management LLC acquired a new position in First Trust Municipal High Income ETF in the 1st quarter valued at $162,000. Triumph Capital Management raised its stake in First Trust Municipal High Income ETF by 152.1% in the 2nd quarter. Triumph Capital Management now owns 4,475 shares of the company’s stock valued at $217,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in First Trust Municipal High Income ETF in the 2nd quarter valued at $235,000.
First Trust Municipal High Income ETF Stock Performance
Shares of FMHI stock opened at $46.07 on Friday. The stock’s fifty day moving average is $45.95 and its two-hundred day moving average is $47.55. First Trust Municipal High Income ETF has a fifty-two week low of $44.34 and a fifty-two week 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. Stockholders of record on Wednesday, October 21st will be issued a dividend of $0.1790 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $2.15 dividend on an annualized basis and a dividend yield of 4.7%.
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.
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