UBS Group AG Boosts Stake in First Trust Municipal High Income ETF $FMHI

UBS Group AG increased its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,495 shares of the company’s stock after buying an additional 30,404 shares during the period. UBS Group AG’s holdings in First Trust Municipal High Income ETF were worth $15,554,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Advyzon Investment Management LLC lifted its position in shares of First Trust Municipal High Income ETF by 2.3% in the third quarter. Advyzon Investment Management LLC now owns 9,783 shares of the company’s stock worth $465,000 after buying an additional 223 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its position in shares of First Trust Municipal High Income ETF by 1.7% in the third quarter. Arbor Capital Management Inc. ADV now owns 15,578 shares of the company’s stock worth $740,000 after buying an additional 257 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of First Trust Municipal High Income ETF by 4.7% in the second quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock worth $382,000 after buying an additional 365 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of First Trust Municipal High Income ETF by 0.5% in the third quarter. Envestnet Asset Management Inc. now owns 71,188 shares of the company’s stock worth $3,382,000 after buying an additional 379 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of First Trust Municipal High Income ETF by 5.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 8,073 shares of the company’s stock worth $387,000 after buying an additional 419 shares in the last quarter.

First Trust Municipal High Income ETF Trading Down 0.1%

NASDAQ:FMHI opened at $48.04 on Thursday. First Trust Municipal High Income ETF has a 12 month low of $45.83 and a 12 month high of $48.73. The business’s 50-day moving average is $47.99 and its 200 day moving average is $48.04.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were given a dividend of $0.175 per share. The ex-dividend date was Tuesday, April 21st.

First Trust Municipal High Income ETF Company Profile

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.