Financial Partners Group Inc Increases Stake in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Financial Partners Group Inc lifted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,646 shares of the company’s stock after acquiring an additional 16,285 shares during the quarter. First Trust Municipal High Income ETF accounts for approximately 1.7% of Financial Partners Group Inc’s investment portfolio, making the stock its 18th largest holding. Financial Partners Group Inc owned approximately 1.55% of First Trust Municipal High Income ETF worth $11,641,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FMHI. Wealth Enhancement Advisory Services LLC increased its holdings in shares of First Trust Municipal High Income ETF by 4.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,521,354 shares of the company’s stock valued at $75,155,000 after acquiring an additional 59,086 shares during the period. LPL Financial LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 8.4% in the 2nd quarter. LPL Financial LLC now owns 807,272 shares of the company’s stock valued at $39,007,000 after buying an additional 62,570 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of First Trust Municipal High Income ETF by 561.0% during the 2nd quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock worth $9,109,000 after acquiring an additional 159,987 shares in the last quarter. Manhattan West Asset Management LLC boosted its stake in First Trust Municipal High Income ETF by 6.6% in the first quarter. Manhattan West Asset Management LLC now owns 181,057 shares of the company’s stock valued at $8,723,000 after acquiring an additional 11,236 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in First Trust Municipal High Income ETF by 10.3% in the second quarter. Cetera Investment Advisers now owns 161,055 shares of the company’s stock worth $7,782,000 after purchasing an additional 15,100 shares during the last quarter.

First Trust Municipal High Income ETF Stock Down 0.1 %

Shares of First Trust Municipal High Income ETF stock traded down $0.06 during trading on Tuesday, reaching $48.75. The company’s stock had a trading volume of 1,482 shares, compared to its average volume of 67,481. First Trust Municipal High Income ETF has a 1-year low of $44.75 and a 1-year high of $49.51. The company has a 50-day simple moving average of $49.11 and a two-hundred day simple moving average of $48.63.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were paid a $0.163 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Tuesday, October 22nd.

About First Trust Municipal High Income ETF

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.