Oppenheimer & Co. Inc. Makes New Investment in First Trust Municipal High Income ETF $FMHI

Oppenheimer & Co. Inc. acquired a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 68,074 shares of the company’s stock, valued at approximately $3,053,000. Oppenheimer & Co. Inc. owned 0.30% of First Trust Municipal High Income ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of First Trust Municipal High Income ETF by 23.7% in the first quarter. Bank of America Corp DE now owns 798,920 shares of the company’s stock valued at $37,981,000 after acquiring an additional 153,170 shares in the last quarter. Meeder Advisory Services Inc. raised its holdings in First Trust Municipal High Income ETF by 11.0% during the first quarter. Meeder Advisory Services Inc. now owns 542,231 shares of the company’s stock worth $25,778,000 after purchasing an additional 53,886 shares in the last quarter. Cetera Investment Advisers raised its holdings in First Trust Municipal High Income ETF by 29.2% during the first quarter. Cetera Investment Advisers now owns 359,142 shares of the company’s stock worth $17,074,000 after purchasing an additional 81,197 shares in the last quarter. NewEdge Advisors LLC raised its holdings in 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 purchasing an additional 27,555 shares in the last quarter. Finally, Ashton Thomas Securities LLC lifted its position in First Trust Municipal High Income ETF by 6.9% in the first quarter. Ashton Thomas Securities LLC now owns 146,300 shares of the company’s stock valued at $6,955,000 after purchasing an additional 9,422 shares during the period.

First Trust Municipal High Income ETF Stock Up 0.4%

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

First Trust Municipal High Income ETF Dividend Announcement

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

First Trust Municipal High Income ETF Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for First Trust Municipal High Income ETF (NASDAQ:FMHI)

Receive News & Ratings for First Trust Municipal High Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Municipal High Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.