Integrated Wealth Concepts LLC Has $448,000 Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Integrated Wealth Concepts LLC boosted its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,063 shares of the company’s stock after purchasing an additional 302 shares during the quarter. Integrated Wealth Concepts LLC owned 0.06% of First Trust Municipal High Income ETF worth $448,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the 2nd quarter worth approximately $30,000. Larson Financial Group LLC bought a new stake in First Trust Municipal High Income ETF in the 3rd quarter valued at $92,000. Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter valued at $109,000. International Assets Investment Management LLC acquired a new position in shares of First Trust Municipal High Income ETF in the 2nd quarter valued at $184,000. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the 3rd quarter valued at about $204,000.

First Trust Municipal High Income ETF Price Performance

NASDAQ FMHI opened at $49.19 on Thursday. First Trust Municipal High Income ETF has a twelve month low of $46.77 and a twelve month high of $49.51. The company’s 50-day simple moving average is $48.94 and its 200 day simple moving average is $48.84.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were issued a $0.163 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.98%.

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.