First Trust Municipal High Income ETF $FMHI Stock Holdings Lifted by NewEdge Advisors LLC

NewEdge Advisors LLC grew its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 10.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 296,778 shares of the company’s stock after purchasing an additional 27,555 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Municipal High Income ETF were worth $14,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC grew its stake in shares of First Trust Municipal High Income ETF by 3.1% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 8,335 shares of the company’s stock valued at $404,000 after buying an additional 252 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in First Trust Municipal High Income ETF by 1.6% during the first quarter. Nations Financial Group Inc. IA ADV now owns 19,160 shares of the company’s stock valued at $911,000 after acquiring an additional 300 shares in the last quarter. Altus Wealth Group LLC raised its position in First Trust Municipal High Income ETF by 4.5% during the fourth quarter. Altus Wealth Group LLC now owns 7,484 shares of the company’s stock valued at $359,000 after acquiring an additional 320 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in First Trust Municipal High Income ETF by 4.7% in the second quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock valued at $382,000 after acquiring an additional 365 shares during the last quarter. Finally, GSG Advisors LLC lifted its stake in First Trust Municipal High Income ETF by 1.6% in the first quarter. GSG Advisors LLC now owns 27,588 shares of the company’s stock valued at $1,312,000 after acquiring an additional 425 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

FMHI stock opened at $46.35 on Friday. First Trust Municipal High Income ETF has a 12 month low of $46.03 and a 12 month high of $48.73. The firm has a 50 day moving average of $47.63 and a two-hundred day moving average of $47.95.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a $0.178 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, August 21st. This is a boost from First Trust Municipal High Income ETF’s previous monthly 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.