Great Valley Advisor Group Inc. Boosts Stake in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Great Valley Advisor Group Inc. lifted its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,639 shares of the company’s stock after buying an additional 209 shares during the period. Great Valley Advisor Group Inc.’s holdings in First Trust Municipal High Income ETF were worth $970,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. grew its stake in shares of First Trust Municipal High Income ETF by 11.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,353 shares of the company’s stock worth $500,000 after acquiring an additional 1,024 shares during the period. Summit Wealth Partners LLC grew its position in First Trust Municipal High Income ETF by 5.5% in the 2nd quarter. Summit Wealth Partners LLC now owns 11,848 shares of the company’s stock worth $572,000 after purchasing an additional 620 shares during the period. RFG Advisory LLC raised its stake in First Trust Municipal High Income ETF by 55.7% during the 2nd quarter. RFG Advisory LLC now owns 29,089 shares of the company’s stock valued at $1,406,000 after buying an additional 10,404 shares during the last quarter. Financial Partners Group Inc lifted its holdings in shares of First Trust Municipal High Income ETF by 10.4% during the 2nd quarter. Financial Partners Group Inc now owns 219,361 shares of the company’s stock valued at $10,600,000 after buying an additional 20,649 shares during the period. Finally, Ameritas Advisory Services LLC boosted its stake in shares of First Trust Municipal High Income ETF by 6.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,615 shares of the company’s stock worth $368,000 after buying an additional 480 shares during the last quarter.

First Trust Municipal High Income ETF Stock Up 0.2 %

Shares of FMHI opened at $48.84 on Tuesday. First Trust Municipal High Income ETF has a one year low of $45.80 and a one year high of $49.51. The business has a fifty day moving average of $49.00 and a 200 day moving average of $48.75.

First Trust Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.163 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.00%.

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.