First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 0.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,522,681 shares of the company’s stock after buying an additional 1,327 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.10% of First Trust Municipal High Income ETF worth $75,220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FMHI. LPL Financial LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 8.4% in the second quarter. LPL Financial LLC now owns 807,272 shares of the company’s stock valued at $39,007,000 after purchasing an additional 62,570 shares in the last quarter. Financial Partners Group Inc raised its position in First Trust Municipal High Income ETF by 7.4% during the third quarter. Financial Partners Group Inc now owns 235,646 shares of the company’s stock valued at $11,641,000 after acquiring an additional 16,285 shares in the last quarter. NewEdge Advisors LLC grew its position in First Trust Municipal High Income ETF by 561.0% in the second quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock worth $9,109,000 after acquiring an additional 159,987 shares in the last quarter. HighTower Advisors LLC increased its position in First Trust Municipal High Income ETF by 186.1% during the third 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. Finally, Cetera Investment Advisers raised its stake in shares of 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 valued at $7,782,000 after acquiring an additional 15,100 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of First Trust Municipal High Income ETF stock opened at $48.05 on Friday. First Trust Municipal High Income ETF has a 1-year low of $47.14 and a 1-year high of $49.51. The firm has a fifty day simple moving average of $48.66 and a 200-day simple moving average of $48.85.

First Trust Municipal High Income ETF Announces Dividend

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

About First Trust Municipal High Income ETF

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.