Creekmur Asset Management LLC Takes $53,000 Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Creekmur Asset Management LLC purchased a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,107 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds have also made changes to their positions in FMHI. Wells Fargo & Company MN lifted its stake in First Trust Municipal High Income ETF by 145.2% in the fourth quarter. Wells Fargo & Company MN now owns 406,752 shares of the company’s stock valued at $19,394,000 after buying an additional 240,894 shares during the last quarter. International Assets Investment Management LLC acquired a new position in First Trust Municipal High Income ETF during the 4th quarter valued at about $8,659,000. Principle Wealth Partners LLC bought a new position in First Trust Municipal High Income ETF in the 4th quarter worth about $8,072,000. Crumly & Associates Inc. increased its stake in shares of First Trust Municipal High Income ETF by 259.6% in the fourth quarter. Crumly & Associates Inc. now owns 207,661 shares of the company’s stock valued at $9,901,000 after purchasing an additional 149,917 shares during the period. Finally, UBS Group AG raised its holdings in shares of First Trust Municipal High Income ETF by 219.3% during the third quarter. UBS Group AG now owns 175,884 shares of the company’s stock valued at $7,927,000 after buying an additional 120,808 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

FMHI opened at $48.61 on Monday. The stock’s 50 day moving average price is $47.84 and its 200 day moving average price is $47.76. First Trust Municipal High Income ETF has a 12 month low of $43.88 and a 12 month high of $48.62.

First Trust Municipal High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd were paid a dividend of $0.159 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.91 annualized dividend and a yield of 3.93%.

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.