Platform Technology Partners Grows Stake in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Platform Technology Partners lifted its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,329 shares of the company’s stock after purchasing an additional 831 shares during the quarter. First Trust Municipal High Income ETF accounts for approximately 0.9% of Platform Technology Partners’ holdings, making the stock its 28th biggest position. Platform Technology Partners owned approximately 0.38% of First Trust Municipal High Income ETF worth $2,913,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FMHI. 1900 Wealth Management LLC bought a new position in First Trust Municipal High Income ETF in the 4th quarter valued at approximately $599,000. Silver Oak Securities Incorporated boosted its position in shares of 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 buying an additional 399 shares during the last quarter. Summit Wealth Partners LLC increased its holdings in First Trust Municipal High Income ETF by 31.7% in the 4th quarter. Summit Wealth Partners LLC now owns 14,465 shares of the company’s stock worth $699,000 after buying an additional 3,480 shares in the last quarter. Financial Partners Group Inc raised its position in First Trust Municipal High Income ETF by 3.9% in the 4th quarter. Financial Partners Group Inc now owns 244,826 shares of the company’s stock worth $11,823,000 after buying an additional 9,180 shares during the last quarter. Finally, Country Trust Bank raised its position in First Trust Municipal High Income ETF by 5.1% in the 4th quarter. Country Trust Bank now owns 17,652 shares of the company’s stock worth $852,000 after buying an additional 863 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ FMHI opened at $48.70 on Friday. The firm’s 50-day moving average price is $48.46 and its 200-day moving average price is $48.82. First Trust Municipal High Income ETF has a 52-week low of $47.33 and a 52-week high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

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

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.