Traction Financial Partners LLC Buys 1,020 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Traction Financial Partners LLC lifted its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,056 shares of the company’s stock after acquiring an additional 1,020 shares during the period. First Trust Municipal High Income ETF makes up 1.1% of Traction Financial Partners LLC’s investment portfolio, making the stock its 18th biggest position. Traction Financial Partners LLC owned about 0.19% of First Trust Municipal High Income ETF worth $1,403,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 4.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,521,354 shares of the company’s stock worth $75,155,000 after acquiring an additional 59,086 shares during the last quarter. Financial Partners Group Inc lifted its stake in First Trust Municipal High Income ETF by 3.9% in the fourth quarter. Financial Partners Group Inc now owns 244,826 shares of the company’s stock worth $11,823,000 after purchasing an additional 9,180 shares during the last quarter. HighTower Advisors LLC lifted its stake in 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 worth $8,513,000 after purchasing an additional 112,110 shares during the last quarter. Atlas Private Wealth Advisors lifted its stake in First Trust Municipal High Income ETF by 6.6% in the fourth quarter. Atlas Private Wealth Advisors now owns 169,954 shares of the company’s stock worth $8,207,000 after purchasing an additional 10,463 shares during the last quarter. Finally, EnRich Financial Partners LLC lifted its stake in First Trust Municipal High Income ETF by 5.3% in the third quarter. EnRich Financial Partners LLC now owns 139,912 shares of the company’s stock worth $6,912,000 after purchasing an additional 6,990 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

First Trust Municipal High Income ETF stock opened at $48.49 on Tuesday. The firm has a fifty day simple moving average of $48.37 and a two-hundred day simple moving average of $48.81. First Trust Municipal High Income ETF has a twelve month low of $47.33 and a twelve month high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.163 dividend. This represents a $1.96 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.