Sanctuary Advisors LLC Grows Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Sanctuary Advisors LLC lifted its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 39.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,692 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Sanctuary Advisors LLC owned about 0.07% of First Trust Municipal High Income ETF worth $521,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the second quarter valued at about $30,000. Larson Financial Group LLC purchased a new position in shares of First Trust Municipal High Income ETF during the 3rd quarter valued at approximately $92,000. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust Municipal High Income ETF in the third quarter worth $109,000. International Assets Investment Management LLC acquired a new stake in First Trust Municipal High Income ETF in the second quarter valued at $184,000. Finally, Mach 1 Financial Group LLC bought a new position in First Trust Municipal High Income ETF during the 3rd quarter valued at $204,000.

First Trust Municipal High Income ETF Price Performance

Shares of FMHI stock opened at $48.03 on Thursday. The firm has a fifty day moving average of $48.77 and a two-hundred day moving average of $48.87. First Trust Municipal High Income ETF has a 1-year low of $47.14 and a 1-year high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.163 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 4.07%.

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.