Dynasty Wealth Management LLC Makes New Investment in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Dynasty Wealth Management LLC bought a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,517 shares of the company’s stock, valued at approximately $460,000. Dynasty Wealth Management LLC owned approximately 0.06% of First Trust Municipal High Income ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FMHI. Larson Financial Group LLC acquired a new position in First Trust Municipal High Income ETF in the third quarter worth approximately $92,000. Mach 1 Financial Group LLC bought a new stake in shares of First Trust Municipal High Income ETF during the 3rd quarter worth $204,000. Silver Oak Securities Incorporated grew its holdings in shares of First Trust Municipal High Income ETF by 9.4% in the 4th quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock worth $224,000 after acquiring an additional 399 shares during the last quarter. Private Trust Co. NA raised its position in shares of First Trust Municipal High Income ETF by 16.0% during the fourth quarter. Private Trust Co. NA now owns 4,930 shares of the company’s stock worth $238,000 after purchasing an additional 680 shares during the period. Finally, Westside Investment Management Inc. lifted its holdings in shares of First Trust Municipal High Income ETF by 100.0% during the fourth quarter. Westside Investment Management Inc. now owns 5,000 shares of the company’s stock valued at $241,000 after purchasing an additional 2,500 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

Shares of FMHI opened at $48.80 on Friday. The business’s 50-day moving average price is $48.36 and its 200 day moving average price is $48.78. First Trust Municipal High Income ETF has a 1-year low of $47.33 and a 1-year high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Friday, February 21st.

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.