B. Riley Wealth Advisors Inc. Takes $279,000 Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

B. Riley Wealth Advisors Inc. purchased a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,775 shares of the company’s stock, valued at approximately $279,000.

Several other hedge funds have also added to or reduced their stakes in the business. Rothschild Investment LLC bought a new position in shares of First Trust Municipal High Income ETF in the second quarter valued at about $30,000. Creekmur Asset Management LLC acquired a new stake in First Trust Municipal High Income ETF during the fourth quarter worth approximately $53,000. Westside Investment Management Inc. boosted its holdings in shares of First Trust Municipal High Income ETF by 66.7% during the first quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock worth $120,000 after acquiring an additional 1,000 shares during the period. International Assets Investment Management LLC acquired a new position in shares of First Trust Municipal High Income ETF in the second quarter valued at approximately $184,000. Finally, Elevated Capital Advisors LLC bought a new position in shares of First Trust Municipal High Income ETF during the second quarter worth approximately $211,000.

First Trust Municipal High Income ETF Stock Performance

FMHI opened at $49.17 on Wednesday. The business has a fifty day simple moving average of $49.17 and a 200 day simple moving average of $48.49. First Trust Municipal High Income ETF has a 1 year low of $43.88 and a 1 year high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.163 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.98%.

About First Trust Municipal High Income ETF

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.