6,148 Shares in First Trust Municipal High Income ETF (NASDAQ:FMHI) Purchased by Altus Wealth Group LLC

Altus Wealth Group LLC bought a new stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 6,148 shares of the company’s stock, valued at approximately $297,000.

Several other large investors have also recently bought and sold shares of FMHI. Duncker Streett & Co. Inc. bought a new position in shares of First Trust Municipal High Income ETF in the fourth quarter valued at approximately $67,000. Larson Financial Group LLC bought a new position in First Trust Municipal High Income ETF during the 3rd quarter valued at $92,000. Synergy Investment Management LLC acquired a new position in shares of First Trust Municipal High Income ETF during the 4th quarter valued at $124,000. Silver Oak Securities Incorporated increased its position in shares of First Trust Municipal High Income ETF by 9.4% during the 4th quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after purchasing an additional 399 shares during the period. Finally, Private Trust Co. NA raised its stake in shares of First Trust Municipal High Income ETF by 16.0% in the 4th quarter. Private Trust Co. NA now owns 4,930 shares of the company’s stock worth $238,000 after buying an additional 680 shares in the last quarter.

First Trust Municipal High Income ETF Stock Down 0.2 %

Shares of FMHI stock opened at $48.18 on Friday. The stock has a 50-day simple moving average of $48.43 and a 200 day simple moving average of $48.75. First Trust Municipal High Income ETF has a fifty-two week low of $47.33 and a fifty-two week high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.163 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.96 annualized dividend and a dividend yield of 4.06%.

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.