6,248 Shares in First Trust Municipal High Income ETF (NASDAQ:FMHI) Purchased by Seamount Financial Group Inc.

Seamount Financial Group Inc. acquired a new stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,248 shares of the company’s stock, valued at approximately $302,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Great Valley Advisor Group Inc. raised its stake in First Trust Municipal High Income ETF by 1.1% during the third quarter. Great Valley Advisor Group Inc. now owns 19,639 shares of the company’s stock valued at $970,000 after buying an additional 209 shares in the last quarter. Truist Financial Corp raised its position in shares of First Trust Municipal High Income ETF by 1.8% during the 2nd quarter. Truist Financial Corp now owns 13,605 shares of the company’s stock valued at $657,000 after acquiring an additional 243 shares in the last quarter. Boyd Wealth Management LLC lifted its stake in First Trust Municipal High Income ETF by 1.5% during the fourth quarter. Boyd Wealth Management LLC now owns 18,492 shares of the company’s stock worth $893,000 after purchasing an additional 271 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in First Trust Municipal High Income ETF by 3.4% in the third quarter. Integrated Wealth Concepts LLC now owns 9,063 shares of the company’s stock worth $448,000 after purchasing an additional 302 shares during the period. Finally, Silver Oak Securities Incorporated increased its stake in First Trust Municipal High Income ETF by 9.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after purchasing an additional 399 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ:FMHI opened at $48.70 on Friday. The company’s fifty day moving average is $48.46 and its two-hundred day moving average is $48.82. 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 Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.163 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.96 dividend on an annualized basis and a yield of 4.02%.

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.