Cornerstone Wealth Management LLC Grows Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Cornerstone Wealth Management LLC boosted its stake in First Trust Municipal High Income ETF (NASDAQ:FMHIFree Report) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,067 shares of the company’s stock after acquiring an additional 2,311 shares during the quarter. Cornerstone Wealth Management LLC owned about 0.48% of First Trust Municipal High Income ETF worth $3,577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake 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 valued at $75,155,000 after buying an additional 59,086 shares during the last quarter. Financial Partners Group Inc boosted its stake in shares of First Trust Municipal High Income ETF by 7.4% during the 3rd quarter. Financial Partners Group Inc now owns 235,646 shares of the company’s stock valued at $11,641,000 after buying an additional 16,285 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of First Trust Municipal High Income ETF by 561.0% during the 2nd quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock valued at $9,109,000 after buying an additional 159,987 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of First Trust Municipal High Income ETF by 186.1% during the 3rd quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock valued at $8,513,000 after buying an additional 112,110 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of First Trust Municipal High Income ETF by 10.3% during the 2nd quarter. Cetera Investment Advisers now owns 161,055 shares of the company’s stock valued at $7,782,000 after buying an additional 15,100 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

FMHI stock opened at $48.10 on Friday. First Trust Municipal High Income ETF has a 12-month low of $47.15 and a 12-month high of $49.51. The stock’s 50 day simple moving average is $48.55 and its 200 day simple moving average is $48.83.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Wednesday, January 22nd.

First Trust Municipal High Income ETF Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for First Trust Municipal High Income ETF (NASDAQ:FMHI)

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