Wealth Enhancement Advisory Services LLC Acquires 165,191 Shares of First Trust Municipal High Income ETF $FMHI

Wealth Enhancement Advisory Services LLC grew its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 12.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,468,443 shares of the company’s stock after buying an additional 165,191 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of First Trust Municipal High Income ETF worth $68,708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Financial Partners Group Inc raised its holdings in First Trust Municipal High Income ETF by 2.6% during the first quarter. Financial Partners Group Inc now owns 251,112 shares of the company’s stock worth $12,004,000 after acquiring an additional 6,286 shares in the last quarter. NewEdge Advisors LLC raised its holdings in First Trust Municipal High Income ETF by 13.0% during the first quarter. NewEdge Advisors LLC now owns 238,344 shares of the company’s stock worth $11,394,000 after acquiring an additional 27,389 shares in the last quarter. SlateStone Wealth LLC raised its holdings in First Trust Municipal High Income ETF by 40.5% during the first quarter. SlateStone Wealth LLC now owns 233,078 shares of the company’s stock worth $11,142,000 after acquiring an additional 67,175 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust Municipal High Income ETF by 6.9% during the 1st quarter. Cetera Investment Advisers now owns 203,823 shares of the company’s stock worth $9,744,000 after purchasing an additional 13,093 shares in the last quarter. Finally, Manhattan West Asset Management LLC raised its stake in shares of First Trust Municipal High Income ETF by 9.6% during the 1st quarter. Manhattan West Asset Management LLC now owns 193,076 shares of the company’s stock worth $9,230,000 after purchasing an additional 16,940 shares in the last quarter.

First Trust Municipal High Income ETF Trading Down 0.0%

Shares of First Trust Municipal High Income ETF stock opened at $47.74 on Friday. First Trust Municipal High Income ETF has a 12-month low of $44.80 and a 12-month high of $49.51. The business’s 50 day moving average is $46.48 and its 200-day moving average is $46.83.

First Trust Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 21st were given a dividend of $0.167 per share. This represents a c) annualized dividend and a yield of 4.2%. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Thursday, August 21st.

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.