Avantax Advisory Services Inc. increased its position in First Trust Municipal High Income ETF (NASDAQ:FMHI – Free Report) by 94.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 56,001 shares of the company’s stock after acquiring an additional 27,226 shares during the quarter. Avantax Advisory Services Inc.’s holdings in First Trust Municipal High Income ETF were worth $2,704,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in First Trust Municipal High Income ETF by 244.8% in the 3rd quarter. Stifel Financial Corp now owns 21,154 shares of the company’s stock worth $1,045,000 after purchasing an additional 15,019 shares in the last quarter. JPMorgan Chase & Co. raised its position in First Trust Municipal High Income ETF by 209.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock worth $5,248,000 after buying an additional 71,872 shares during the last quarter. Allworth Financial LP purchased a new position in First Trust Municipal High Income ETF in the 4th quarter worth about $640,000. Benjamin Edwards Inc. raised its position in First Trust Municipal High Income ETF by 293.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 7,531 shares of the company’s stock worth $372,000 after buying an additional 5,616 shares during the last quarter. Finally, Truist Financial Corp raised its position in First Trust Municipal High Income ETF by 38.6% in the 4th quarter. Truist Financial Corp now owns 26,239 shares of the company’s stock worth $1,267,000 after buying an additional 7,308 shares during the last quarter.
First Trust Municipal High Income ETF Price Performance
Shares of NASDAQ:FMHI opened at $48.18 on Monday. First Trust Municipal High Income ETF has a fifty-two week low of $47.33 and a fifty-two week high of $49.51. The business has a 50-day simple moving average of $48.43 and a two-hundred day simple moving average of $48.74.
First Trust Municipal High Income ETF Dividend Announcement
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.
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