Spartan Wealth Advisory Services LLC Purchases Shares of 33,757 First Trust Municipal High Income ETF $FMHI

Spartan Wealth Advisory Services LLC acquired a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 33,757 shares of the company’s stock, valued at approximately $1,605,000. Spartan Wealth Advisory Services LLC owned 0.17% of First Trust Municipal High Income ETF at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. raised its holdings in shares of First Trust Municipal High Income ETF by 5.8% in the 1st quarter. D.A. Davidson & CO. now owns 49,647 shares of the company’s stock valued at $2,360,000 after purchasing an additional 2,719 shares during the period. Geneos Wealth Management Inc. grew its holdings in First Trust Municipal High Income ETF by 47.3% during the first quarter. Geneos Wealth Management Inc. now owns 8,890 shares of the company’s stock worth $423,000 after purchasing an additional 2,853 shares during the period. International Assets Investment Management LLC increased its position in First Trust Municipal High Income ETF by 7.3% during the first quarter. International Assets Investment Management LLC now owns 65,527 shares of the company’s stock worth $3,128,000 after buying an additional 4,440 shares during the last quarter. Fifth Third Bancorp acquired a new position in First Trust Municipal High Income ETF during the first quarter worth approximately $787,000. Finally, TSA Wealth Managment LLC bought a new stake in First Trust Municipal High Income ETF in the first quarter valued at approximately $587,000.

First Trust Municipal High Income ETF Stock Up 0.0%

FMHI opened at $48.28 on Monday. First Trust Municipal High Income ETF has a 12-month low of $45.83 and a 12-month high of $48.73. The business has a 50 day moving average of $48.24 and a 200-day moving average of $48.14.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.177 dividend. This is a boost from First Trust Municipal High Income ETF’s previous dividend of $0.18. The ex-dividend date was Thursday, June 25th.

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.