Flagstar Advisors Inc. Increases Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Flagstar Advisors Inc. raised its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 2.1% in the third quarter, Holdings Channel.com reports. The firm owned 28,763 shares of the company’s stock after purchasing an additional 578 shares during the period. Flagstar Advisors Inc.’s holdings in First Trust Municipal High Income ETF were worth $1,421,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in First Trust Municipal High Income ETF by 4.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,521,354 shares of the company’s stock valued at $75,155,000 after purchasing an additional 59,086 shares during the last quarter. LPL Financial LLC raised its holdings in First Trust Municipal High Income ETF by 8.4% in the 2nd quarter. LPL Financial LLC now owns 807,272 shares of the company’s stock worth $39,007,000 after acquiring an additional 62,570 shares during the last quarter. Financial Partners Group Inc lifted its position in First Trust Municipal High Income ETF by 7.4% in the 3rd quarter. Financial Partners Group Inc now owns 235,646 shares of the company’s stock valued at $11,641,000 after acquiring an additional 16,285 shares in the last quarter. NewEdge Advisors LLC boosted its stake in 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 purchasing an additional 159,987 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of First Trust Municipal High Income ETF by 10.3% in the 2nd quarter. Cetera Investment Advisers now owns 161,055 shares of the company’s stock worth $7,782,000 after purchasing an additional 15,100 shares in the last quarter.

First Trust Municipal High Income ETF Stock Down 0.2 %

First Trust Municipal High Income ETF stock opened at $48.73 on Friday. First Trust Municipal High Income ETF has a one year low of $45.75 and a one year high of $49.51. The business’s fifty day moving average is $49.02 and its 200 day moving average is $48.72.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be given a dividend of $0.163 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.96 dividend on an annualized basis and a yield of 4.01%.

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.