Westside Investment Management Inc. Has $241,000 Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Westside Investment Management Inc. increased its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 100.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,000 shares of the company’s stock after acquiring an additional 2,500 shares during the period. Westside Investment Management Inc.’s holdings in First Trust Municipal High Income ETF were worth $241,000 as of its most recent filing with the SEC.

Other 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 second quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock worth $9,109,000 after purchasing an additional 159,987 shares during the period. Traction Financial Partners LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 10.0% during the 2nd quarter. Traction Financial Partners LLC now owns 27,500 shares of the company’s stock worth $1,349,000 after buying an additional 2,495 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of First Trust Municipal High Income ETF during the 2nd quarter worth $279,000. Truist Financial Corp grew its stake in First Trust Municipal High Income ETF by 1.8% in the 2nd quarter. Truist Financial Corp now owns 13,605 shares of the company’s stock valued at $657,000 after buying an additional 243 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in First Trust Municipal High Income ETF by 10.3% in the 2nd quarter. Cetera Investment Advisers now owns 161,055 shares of the company’s stock worth $7,782,000 after acquiring an additional 15,100 shares during the period.

First Trust Municipal High Income ETF Stock Performance

FMHI stock opened at $48.23 on Wednesday. The company has a 50-day moving average of $48.57 and a two-hundred day moving average of $48.84. First Trust Municipal High Income ETF has a 52-week low of $47.14 and a 52-week high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid 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 yield of 4.06%.

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.