ShoreHaven Wealth Partners LLC Buys 19,644 Shares of First Trust Municipal High Income ETF $FMHI

ShoreHaven Wealth Partners LLC increased its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 75.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,541 shares of the company’s stock after purchasing an additional 19,644 shares during the quarter. First Trust Municipal High Income ETF comprises about 0.8% of ShoreHaven Wealth Partners LLC’s holdings, making the stock its 29th largest position. ShoreHaven Wealth Partners LLC’s holdings in First Trust Municipal High Income ETF were worth $2,164,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in First Trust Municipal High Income ETF by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 70,809 shares of the company’s stock worth $3,307,000 after purchasing an additional 1,561 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of First Trust Municipal High Income ETF by 20.3% in the second quarter. Avantax Advisory Services Inc. now owns 58,243 shares of the company’s stock worth $2,720,000 after purchasing an additional 9,829 shares during the period. Ashton Thomas Securities LLC raised its position in shares of First Trust Municipal High Income ETF by 139.5% in the second quarter. Ashton Thomas Securities LLC now owns 48,416 shares of the company’s stock worth $2,261,000 after buying an additional 28,201 shares in the last quarter. International Assets Investment Management LLC boosted its stake in First Trust Municipal High Income ETF by 20.1% during the second quarter. International Assets Investment Management LLC now owns 10,157 shares of the company’s stock valued at $474,000 after buying an additional 1,700 shares during the period. Finally, Milestones Private Investment Advisors LLC purchased a new position in First Trust Municipal High Income ETF during the second quarter worth about $642,000.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ FMHI opened at $48.18 on Thursday. The stock’s 50-day simple moving average is $47.93 and its two-hundred day simple moving average is $47.28. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.05.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.169 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, December 12th.

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.