J.W. Cole Advisors Inc. Invests $319,000 in First Trust Municipal High Income ETF (NASDAQ:FMHI)

J.W. Cole Advisors Inc. acquired a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,593 shares of the company’s stock, valued at approximately $319,000.

A number of other institutional investors have also made changes to their positions in the business. Rothschild Investment LLC bought a new stake in First Trust Municipal High Income ETF during the second quarter worth $30,000. Principal Securities Inc. bought a new stake in First Trust Municipal High Income ETF during the fourth quarter worth $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 about $53,000. Westside Investment Management Inc. raised its position 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 purchasing an additional 1,000 shares during the period. 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 about $184,000.

First Trust Municipal High Income ETF Price Performance

Shares of FMHI opened at $49.43 on Thursday. The company’s 50-day moving average is $48.97 and its 200-day moving average is $48.37. First Trust Municipal High Income ETF has a fifty-two week low of $43.88 and a fifty-two week high of $49.48.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were given a $0.163 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Wednesday, August 21st.

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.