Stonebridge Financial Planning Group LLC Makes New Investment in First Trust Municipal High Income ETF $FMHI

Stonebridge Financial Planning Group LLC purchased a new position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) during the fourth quarter, Holdings Channel.com reports. The firm purchased 12,552 shares of the company’s stock, valued at approximately $602,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vestmark Advisory Solutions Inc. bought a new position in shares of First Trust Municipal High Income ETF during the 3rd quarter worth approximately $1,065,000. Financial Partners Group Inc boosted its holdings in shares of First Trust Municipal High Income ETF by 14.6% during the 4th quarter. Financial Partners Group Inc now owns 227,133 shares of the company’s stock worth $10,910,000 after buying an additional 28,880 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 28.1% during the 3rd quarter. HighTower Advisors LLC now owns 121,044 shares of the company’s stock worth $5,751,000 after buying an additional 26,536 shares in the last quarter. Elequin Capital LP boosted its holdings in shares of First Trust Municipal High Income ETF by 779.1% during the 3rd quarter. Elequin Capital LP now owns 30,767 shares of the company’s stock worth $1,462,000 after buying an additional 27,267 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of First Trust Municipal High Income ETF during the 3rd quarter worth approximately $1,347,000.

First Trust Municipal High Income ETF Stock Performance

First Trust Municipal High Income ETF stock opened at $48.04 on Thursday. First Trust Municipal High Income ETF has a 52-week low of $45.83 and a 52-week high of $48.73. The stock’s 50 day moving average price is $47.99 and its two-hundred day moving average price is $48.04.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were issued a dividend of $0.175 per share. The ex-dividend date was Tuesday, April 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.