IFP Advisors Inc Grows Position in First Trust Municipal High Income ETF $FMHI

IFP Advisors Inc increased its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 23.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,656 shares of the company’s stock after purchasing an additional 6,168 shares during the quarter. IFP Advisors Inc owned approximately 0.20% of First Trust Municipal High Income ETF worth $1,525,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Private Wealth Services LLC lifted its stake in shares of First Trust Municipal High Income ETF by 39.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 28,953 shares of the company’s stock valued at $1,384,000 after purchasing an additional 8,161 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of First Trust Municipal High Income ETF by 7.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,276 shares of the company’s stock valued at $491,000 after purchasing an additional 680 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of First Trust Municipal High Income ETF by 13.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,303,252 shares of the company’s stock valued at $62,302,000 after purchasing an additional 151,935 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of First Trust Municipal High Income ETF by 9.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 134,146 shares of the company’s stock valued at $6,413,000 after purchasing an additional 11,138 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in First Trust Municipal High Income ETF by 24.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,915 shares of the company’s stock valued at $1,095,000 after buying an additional 4,538 shares in the last quarter.

First Trust Municipal High Income ETF Stock Up 0.3%

FMHI stock opened at $47.81 on Friday. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.40. The business has a 50 day moving average of $46.93 and a 200 day moving average of $46.74.

First Trust Municipal High Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.169 per share. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Thursday, September 25th. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.