Wealthcare Advisory Partners LLC Increases Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Wealthcare Advisory Partners LLC lifted its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 100.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,400 shares of the company’s stock after acquiring an additional 4,200 shares during the period. Wealthcare Advisory Partners LLC owned 0.07% of First Trust Municipal High Income ETF worth $405,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FMHI. Socha Financial Group LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 2.6% during the 4th quarter. Socha Financial Group LLC now owns 17,903 shares of the company’s stock valued at $854,000 after purchasing an additional 457 shares during the last quarter. Traction Financial Partners LLC purchased a new stake in First Trust Municipal High Income ETF in the fourth quarter valued at about $1,004,000. Raymond James Trust N.A. acquired a new stake in First Trust Municipal High Income ETF in the fourth quarter worth about $562,000. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust Municipal High Income ETF by 28.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 367,925 shares of the company’s stock worth $17,543,000 after acquiring an additional 82,434 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of First Trust Municipal High Income ETF by 78.2% during the fourth quarter. IFP Advisors Inc now owns 45,632 shares of the company’s stock worth $2,176,000 after acquiring an additional 20,025 shares during the last quarter.

First Trust Municipal High Income ETF Stock Down 0.2 %

Shares of First Trust Municipal High Income ETF stock opened at $48.32 on Monday. The company has a 50 day moving average price of $48.02 and a 200 day moving average price of $47.88. First Trust Municipal High Income ETF has a 52 week low of $43.88 and a 52 week high of $48.71.

First Trust Municipal High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a $0.163 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.05%. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.16.

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.