First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC lifted its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 105.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,803 shares of the company’s stock after acquiring an additional 1,948 shares during the quarter. Larson Financial Group LLC’s holdings in First Trust Municipal High Income ETF were worth $184,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Great Valley Advisor Group Inc. increased its stake in shares of First Trust Municipal High Income ETF by 1.1% during the third quarter. Great Valley Advisor Group Inc. now owns 19,639 shares of the company’s stock worth $970,000 after acquiring an additional 209 shares during the period. Flagstar Advisors Inc. increased its stake in shares of First Trust Municipal High Income ETF by 0.7% during the fourth quarter. Flagstar Advisors Inc. now owns 28,975 shares of the company’s stock worth $1,399,000 after acquiring an additional 212 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in shares of First Trust Municipal High Income ETF by 1.7% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 14,815 shares of the company’s stock worth $715,000 after acquiring an additional 250 shares during the period. Boyd Wealth Management LLC increased its stake in shares of First Trust Municipal High Income ETF by 1.5% during the fourth quarter. Boyd Wealth Management LLC now owns 18,492 shares of the company’s stock worth $893,000 after acquiring an additional 271 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in First Trust Municipal High Income ETF by 3.4% during the third quarter. Integrated Wealth Concepts LLC now owns 9,063 shares of the company’s stock worth $448,000 after buying an additional 302 shares in the last quarter.

First Trust Municipal High Income ETF Price Performance

FMHI stock opened at $48.49 on Wednesday. First Trust Municipal High Income ETF has a 52 week low of $47.33 and a 52 week high of $49.51. The company’s 50-day moving average price is $48.44 and its 200 day moving average price is $48.76.

First Trust Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Friday, February 21st.

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.