Triton Wealth Management PLLC Raises Stock Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Triton Wealth Management PLLC boosted its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,604 shares of the company’s stock after purchasing an additional 936 shares during the quarter. First Trust Municipal High Income ETF makes up approximately 0.8% of Triton Wealth Management PLLC’s holdings, making the stock its 20th largest holding. Triton Wealth Management PLLC owned about 0.22% of First Trust Municipal High Income ETF worth $1,413,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. NewEdge Advisors LLC increased its position in shares of First Trust Municipal High Income ETF by 561.0% in the 2nd quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock worth $9,109,000 after purchasing an additional 159,987 shares during the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Municipal High Income ETF by 585.7% during the 1st quarter. Cetera Investment Advisers now owns 145,955 shares of the company’s stock valued at $7,032,000 after acquiring an additional 124,671 shares in the last quarter. Jane Street Group LLC lifted its stake in First Trust Municipal High Income ETF by 881.4% during the first quarter. Jane Street Group LLC now owns 107,345 shares of the company’s stock worth $5,172,000 after purchasing an additional 96,407 shares during the last quarter. Cetera Advisor Networks LLC boosted its holdings in First Trust Municipal High Income ETF by 562.6% in the fourth quarter. Cetera Advisor Networks LLC now owns 103,126 shares of the company’s stock worth $4,917,000 after purchasing an additional 87,562 shares during the period. Finally, Meeder Advisory Services Inc. bought a new stake in First Trust Municipal High Income ETF during the second quarter valued at $4,024,000.

First Trust Municipal High Income ETF Trading Down 0.4 %

Shares of First Trust Municipal High Income ETF stock traded down $0.18 during trading hours on Friday, reaching $49.29. The company’s stock had a trading volume of 66,846 shares, compared to its average volume of 66,496. First Trust Municipal High Income ETF has a one year low of $43.88 and a one year high of $49.51. The company’s 50 day simple moving average is $49.15 and its 200 day simple moving average is $48.47.

First Trust Municipal High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Thursday, September 26th.

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.