First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 8.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 807,272 shares of the company’s stock after purchasing an additional 62,570 shares during the period. LPL Financial LLC owned approximately 6.09% of First Trust Municipal High Income ETF worth $39,007,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in First Trust Municipal High Income ETF in the second quarter worth approximately $30,000. Principal Securities Inc. bought a new position in shares of First Trust Municipal High Income ETF in the fourth quarter valued at $48,000. Creekmur Asset Management LLC bought a new position in shares of First Trust Municipal High Income ETF in the fourth quarter valued at $53,000. Westside Investment Management Inc. increased its holdings in shares of First Trust Municipal High Income ETF by 66.7% in the first quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock valued at $120,000 after buying an additional 1,000 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of First Trust Municipal High Income ETF in the second quarter valued at $184,000.

First Trust Municipal High Income ETF Stock Up 0.0 %

NASDAQ FMHI opened at $49.32 on Monday. First Trust Municipal High Income ETF has a 1 year low of $43.88 and a 1 year high of $49.47. The business’s fifty day moving average is $48.93 and its two-hundred day moving average is $48.35.

First Trust Municipal High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were issued a $0.163 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.96 annualized dividend and a dividend yield of 3.97%.

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.