Commonwealth Equity Services LLC Increases Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Commonwealth Equity Services LLC increased its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 14.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,091 shares of the company’s stock after acquiring an additional 6,758 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.44% of First Trust Municipal High Income ETF worth $2,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in First Trust Municipal High Income ETF in the fourth quarter valued at $48,000. Creekmur Asset Management LLC purchased a new stake in First Trust Municipal High Income ETF during the 4th quarter valued at approximately $53,000. Westside Investment Management Inc. lifted its position in First Trust Municipal High Income ETF by 66.7% during the 1st quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock worth $120,000 after acquiring an additional 1,000 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in First Trust Municipal High Income ETF during the 4th quarter worth approximately $200,000. Finally, Key Financial Inc purchased a new position in shares of First Trust Municipal High Income ETF in the 4th quarter valued at approximately $209,000.

First Trust Municipal High Income ETF Price Performance

Shares of First Trust Municipal High Income ETF stock traded up $0.06 during trading hours on Friday, hitting $48.58. 14,892 shares of the company were exchanged, compared to its average volume of 63,137. The business has a 50-day moving average of $48.09 and a 200-day moving average of $47.90. First Trust Municipal High Income ETF has a 1 year low of $43.88 and a 1 year high of $48.71.

First Trust Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.163 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Thursday, June 27th. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.16.

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.