First Trust Municipal High Income ETF (NASDAQ:FMHI) Holdings Boosted by Prospera Financial Services Inc

Prospera Financial Services Inc boosted its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 109.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,145 shares of the company’s stock after purchasing an additional 8,435 shares during the period. Prospera Financial Services Inc’s holdings in First Trust Municipal High Income ETF were worth $798,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in First Trust Municipal High Income ETF by 881.4% in the first quarter. Jane Street Group LLC now owns 107,345 shares of the company’s stock worth $5,172,000 after purchasing an additional 96,407 shares in the last quarter. Comerica Bank lifted its position in First Trust Municipal High Income ETF by 77.4% during the 1st quarter. Comerica Bank now owns 13,943 shares of the company’s stock worth $672,000 after acquiring an additional 6,082 shares during the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Municipal High Income ETF by 585.7% during the first quarter. Cetera Investment Advisers now owns 145,955 shares of the company’s stock valued at $7,032,000 after buying an additional 124,671 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of First Trust Municipal High Income ETF during the first quarter valued at about $1,446,000. Finally, Stewardship Advisors LLC raised its position in shares of First Trust Municipal High Income ETF by 31.2% during the second quarter. Stewardship Advisors LLC now owns 22,811 shares of the company’s stock valued at $1,102,000 after buying an additional 5,418 shares during the last quarter.

First Trust Municipal High Income ETF Stock Down 0.2 %

Shares of FMHI opened at $48.73 on Friday. First Trust Municipal High Income ETF has a 52 week low of $45.75 and a 52 week high of $49.51. The company has a 50-day simple moving average of $49.02 and a 200-day simple moving average of $48.72.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, November 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.