Signal Advisors Wealth LLC Takes Position in First Trust Municipal High Income ETF $FMHI

Signal Advisors Wealth LLC purchased a new stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 25,392 shares of the company’s stock, valued at approximately $1,207,000.

Other hedge funds have also bought and sold shares of the company. Financial Partners Group Inc increased its position in shares of First Trust Municipal High Income ETF by 14.6% during the 4th quarter. Financial Partners Group Inc now owns 227,133 shares of the company’s stock valued at $10,910,000 after purchasing an additional 28,880 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter worth about $1,065,000. Elequin Capital LP boosted its holdings in shares of First Trust Municipal High Income ETF by 779.1% in the 3rd quarter. Elequin Capital LP now owns 30,767 shares of the company’s stock worth $1,462,000 after buying an additional 27,267 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in First Trust Municipal High Income ETF by 81.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 48,517 shares of the company’s stock valued at $2,326,000 after buying an additional 21,741 shares during the period. Finally, RFG Advisory LLC increased its holdings in First Trust Municipal High Income ETF by 246.5% during the fourth quarter. RFG Advisory LLC now owns 34,599 shares of the company’s stock worth $1,658,000 after buying an additional 24,615 shares during the last quarter.

First Trust Municipal High Income ETF Stock Down 0.0%

Shares of FMHI stock opened at $48.44 on Wednesday. First Trust Municipal High Income ETF has a 52 week low of $45.83 and a 52 week high of $48.73. The firm’s 50-day simple moving average is $48.13 and its two-hundred day simple moving average is $48.06.

First Trust Municipal High Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.176 per share. The ex-dividend date was Thursday, May 21st. This is an increase from First Trust Municipal High Income ETF’s previous dividend of $0.17.

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.