Boyce & Associates Wealth Consulting Inc. Purchases New Shares in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Boyce & Associates Wealth Consulting Inc. purchased a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 12,396 shares of the company’s stock, valued at approximately $599,000.

A number of other institutional investors have also added to or reduced their stakes in FMHI. NewEdge Advisors LLC grew its position in shares of First Trust Municipal High Income ETF by 561.0% in the 2nd quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock worth $9,109,000 after buying an additional 159,987 shares during the period. HighTower Advisors LLC grew its stake in shares of First Trust Municipal High Income ETF by 186.1% in the 3rd quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock worth $8,513,000 after buying an additional 112,110 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of First Trust Municipal High Income ETF by 209.2% during the third quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock valued at $5,248,000 after acquiring an additional 71,872 shares in the last quarter. LPL Financial LLC increased its position in shares of First Trust Municipal High Income ETF by 8.4% during the second quarter. LPL Financial LLC now owns 807,272 shares of the company’s stock valued at $39,007,000 after acquiring an additional 62,570 shares in the last quarter. Finally, 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 worth $75,155,000 after purchasing an additional 59,086 shares in the last quarter.

First Trust Municipal High Income ETF Stock Down 0.3 %

First Trust Municipal High Income ETF stock opened at $48.05 on Monday. First Trust Municipal High Income ETF has a one year low of $47.14 and a one year high of $49.51. The business’s fifty day moving average is $48.65 and its 200 day moving average is $48.85.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.163 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 4.07%.

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.