Traction Financial Partners LLC Acquires 536 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Traction Financial Partners LLC grew its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,036 shares of the company’s stock after purchasing an additional 536 shares during the period. First Trust Municipal High Income ETF comprises approximately 1.1% of Traction Financial Partners LLC’s holdings, making the stock its 17th largest holding. Traction Financial Partners LLC’s holdings in First Trust Municipal High Income ETF were worth $1,385,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC boosted its position in 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 valued at $9,109,000 after acquiring an additional 159,987 shares in the last quarter. Cetera Investment Advisers grew its stake in First Trust Municipal High Income ETF by 585.7% in the first quarter. Cetera Investment Advisers now owns 145,955 shares of the company’s stock valued at $7,032,000 after purchasing an additional 124,671 shares during the last quarter. Jane Street Group LLC raised its holdings in First Trust Municipal High Income ETF by 881.4% in the first quarter. Jane Street Group LLC now owns 107,345 shares of the company’s stock worth $5,172,000 after purchasing an additional 96,407 shares in the last quarter. Meeder Advisory Services Inc. purchased a new stake in shares of First Trust Municipal High Income ETF during the second quarter valued at about $4,024,000. Finally, Atlas Private Wealth Advisors boosted its holdings in shares of First Trust Municipal High Income ETF by 93.3% in the 2nd quarter. Atlas Private Wealth Advisors now owns 160,702 shares of the company’s stock valued at $7,765,000 after buying an additional 77,560 shares in the last quarter.

First Trust Municipal High Income ETF Stock Up 0.2 %

Shares of First Trust Municipal High Income ETF stock traded up $0.09 on Thursday, reaching $48.79. The stock had a trading volume of 9,355 shares, compared to its average volume of 69,089. The company has a 50 day moving average price of $49.07 and a 200 day moving average price of $48.68. First Trust Municipal High Income ETF has a 1 year low of $45.32 and a 1 year high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were issued a $0.163 dividend. This represents a $1.96 annualized dividend and a 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.