First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Bought by Advisory Resource Group

Advisory Resource Group lifted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,073 shares of the company’s stock after buying an additional 1,202 shares during the period. Advisory Resource Group owned approximately 0.29% of First Trust Municipal High Income ETF worth $2,177,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Benjamin Edwards Inc. raised its position in First Trust Municipal High Income ETF by 293.3% in the third quarter. Benjamin Edwards Inc. now owns 7,531 shares of the company’s stock worth $372,000 after acquiring an additional 5,616 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of First Trust Municipal High Income ETF by 186.1% in the 3rd quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock worth $8,513,000 after purchasing an additional 112,110 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of First Trust Municipal High Income ETF by 11.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,353 shares of the company’s stock worth $500,000 after purchasing an additional 1,024 shares in the last quarter. Summit Wealth Partners LLC lifted its stake in First Trust Municipal High Income ETF by 5.5% during the second quarter. Summit Wealth Partners LLC now owns 11,848 shares of the company’s stock valued at $572,000 after purchasing an additional 620 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in First Trust Municipal High Income ETF by 22.3% during the third quarter. D.A. Davidson & CO. now owns 43,583 shares of the company’s stock worth $2,153,000 after buying an additional 7,933 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

First Trust Municipal High Income ETF stock opened at $49.27 on Wednesday. First Trust Municipal High Income ETF has a 1 year low of $46.70 and a 1 year high of $49.51. The firm’s 50 day moving average price is $48.95 and its two-hundred day moving average price is $48.83.

First Trust Municipal High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st 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 was Thursday, November 21st.

First Trust Municipal High Income ETF Company 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.