TSA Wealth Managment LLC Takes Position in First Trust Municipal High Income ETF $FMHI

TSA Wealth Managment LLC purchased a new position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,341 shares of the company’s stock, valued at approximately $587,000. TSA Wealth Managment LLC owned about 0.06% of First Trust Municipal High Income ETF as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in First Trust Municipal High Income ETF by 3.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,604,484 shares of the company’s stock valued at $76,993,000 after purchasing an additional 51,738 shares during the last quarter. Morgan Stanley increased its position in First Trust Municipal High Income ETF by 9.7% in the fourth quarter. Morgan Stanley now owns 1,321,787 shares of the company’s stock worth $63,359,000 after buying an additional 117,314 shares during the last quarter. LPL Financial LLC increased its position in First Trust Municipal High Income ETF by 12.5% in the fourth quarter. LPL Financial LLC now owns 1,167,716 shares of the company’s stock worth $55,974,000 after buying an additional 129,684 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of First Trust Municipal High Income ETF by 15.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,145,777 shares of the company’s stock valued at $54,922,000 after buying an additional 154,624 shares during the period. Finally, Meeder Advisory Services Inc. raised its stake in shares of First Trust Municipal High Income ETF by 8.6% in the fourth quarter. Meeder Advisory Services Inc. now owns 488,345 shares of the company’s stock valued at $23,409,000 after buying an additional 38,690 shares during the period.

First Trust Municipal High Income ETF Stock Up 0.1%

Shares of NASDAQ FMHI traded up $0.04 during trading on Friday, reaching $48.38. 61,036 shares of the stock traded hands, compared to its average volume of 112,596. First Trust Municipal High Income ETF has a 52-week low of $45.83 and a 52-week high of $48.73. The company has a 50-day moving average of $48.22 and a 200-day moving average of $48.13.

First Trust Municipal High Income ETF Increases Dividend

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

First Trust Municipal High Income ETF 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.