Concurrent Investment Advisors LLC Has $1.33 Million Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Concurrent Investment Advisors LLC raised its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,520 shares of the company’s stock after purchasing an additional 800 shares during the period. Concurrent Investment Advisors LLC owned 0.18% of First Trust Municipal High Income ETF worth $1,329,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FMHI. HighTower Advisors LLC increased its holdings in shares of First Trust Municipal High Income ETF by 186.1% in the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock valued at $8,513,000 after purchasing 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% in the third quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock valued at $5,248,000 after purchasing an additional 71,872 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of First Trust Municipal High Income ETF by 4.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,521,354 shares of the company’s stock valued at $75,155,000 after purchasing an additional 59,086 shares during the last quarter. Stephens Inc. AR grew its stake in shares of First Trust Municipal High Income ETF by 132.3% in the third quarter. Stephens Inc. AR now owns 69,909 shares of the company’s stock valued at $3,454,000 after acquiring an additional 39,809 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of First Trust Municipal High Income ETF by 93.4% in the third quarter. Jane Street Group LLC now owns 66,694 shares of the company’s stock valued at $3,295,000 after acquiring an additional 32,213 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

FMHI stock opened at $48.57 on Friday. The company’s 50-day simple moving average is $48.33 and its 200 day simple moving average is $48.79. First Trust Municipal High Income ETF has a 52 week low of $47.33 and a 52 week high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be paid a $0.163 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.96 annualized dividend and a dividend yield of 4.03%.

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.