First Trust Municipal High Income ETF $FMHI Shares Newly Purchased by Retirement Planning Group LLC

Retirement Planning Group LLC acquired a new position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,890 shares of the company’s stock, valued at approximately $847,000.

Several other hedge funds have also added to or reduced their stakes in FMHI. Bank of America Corp DE boosted its stake in First Trust Municipal High Income ETF by 23.7% in the first quarter. Bank of America Corp DE now owns 798,920 shares of the company’s stock valued at $37,981,000 after acquiring an additional 153,170 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of First Trust Municipal High Income ETF by 29.2% during the 1st quarter. Cetera Investment Advisers now owns 359,142 shares of the company’s stock worth $17,074,000 after purchasing an additional 81,197 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in shares of First Trust Municipal High Income ETF by 11.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 542,231 shares of the company’s stock worth $25,778,000 after purchasing an additional 53,886 shares during the last quarter. Spartan Wealth Advisory Services LLC purchased a new stake in shares of First Trust Municipal High Income ETF during the 1st quarter worth approximately $1,605,000. Finally, NewEdge Advisors LLC raised its holdings in shares of First Trust Municipal High Income ETF by 10.2% in the 2nd quarter. NewEdge Advisors LLC now owns 296,778 shares of the company’s stock worth $14,391,000 after purchasing an additional 27,555 shares during the period.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ FMHI opened at $45.38 on Thursday. The stock has a fifty day simple moving average of $46.15 and a two-hundred day simple moving average of $47.42. First Trust Municipal High Income ETF has a 1-year low of $44.34 and a 1-year high of $48.73.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st will be given a $0.1790 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $2.15 annualized dividend and a dividend yield of 4.7%.

First Trust Municipal High Income ETF 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.