First Trust Municipal High Income ETF (NASDAQ:FMHI) is Socha Financial Group LLC’s 10th Largest Position

Socha Financial Group LLC boosted its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 3.1% during the third quarter, HoldingsChannel.com reports. The firm owned 18,854 shares of the company’s stock after acquiring an additional 568 shares during the period. First Trust Municipal High Income ETF makes up about 0.4% of Socha Financial Group LLC’s portfolio, making the stock its 10th largest holding. Socha Financial Group LLC’s holdings in First Trust Municipal High Income ETF were worth $931,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 561.0% during the 2nd quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock valued at $9,109,000 after buying an additional 159,987 shares during the last quarter. Cetera Investment Advisers grew its position in First Trust Municipal High Income ETF by 585.7% in the first quarter. Cetera Investment Advisers now owns 145,955 shares of the company’s stock worth $7,032,000 after acquiring an additional 124,671 shares in the last quarter. Jane Street Group LLC increased its stake in shares of First Trust Municipal High Income ETF by 881.4% during the 1st 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. Meeder Advisory Services Inc. bought a new position in shares of First Trust Municipal High Income ETF during the 2nd quarter valued at $4,024,000. Finally, Atlas Private Wealth Advisors raised its holdings in shares of First Trust Municipal High Income ETF by 93.3% during the 2nd quarter. Atlas Private Wealth Advisors now owns 160,702 shares of the company’s stock valued at $7,765,000 after purchasing an additional 77,560 shares in the last quarter.

First Trust Municipal High Income ETF Trading Down 1.1 %

First Trust Municipal High Income ETF stock traded down $0.56 during mid-day trading on Wednesday, hitting $48.33. 15,253 shares of the company’s stock were exchanged, compared to its average volume of 67,413. First Trust Municipal High Income ETF has a 1-year low of $44.81 and a 1-year high of $49.51. The stock has a 50 day moving average of $49.11 and a two-hundred day moving average of $48.64.

First Trust Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were issued a $0.163 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.96 annualized dividend and a yield of 4.05%.

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.