Traction Financial Partners LLC Purchases 1,020 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Traction Financial Partners LLC grew its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,056 shares of the company’s stock after acquiring an additional 1,020 shares during the period. First Trust Municipal High Income ETF comprises 1.1% of Traction Financial Partners LLC’s portfolio, making the stock its 18th largest position. Traction Financial Partners LLC’s holdings in First Trust Municipal High Income ETF were worth $1,403,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC bought a new position in shares of First Trust Municipal High Income ETF during the third quarter valued at about $92,000. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Municipal High Income ETF during the third quarter valued at about $109,000. Mach 1 Financial Group LLC purchased a new position in shares of First Trust Municipal High Income ETF during the third quarter valued at about $204,000. Silver Oak Securities Incorporated increased its position in shares of First Trust Municipal High Income ETF by 9.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after buying an additional 399 shares during the period. Finally, Westside Investment Management Inc. increased its position in shares of First Trust Municipal High Income ETF by 100.0% during the fourth quarter. Westside Investment Management Inc. now owns 5,000 shares of the company’s stock valued at $241,000 after buying an additional 2,500 shares during the period.

First Trust Municipal High Income ETF Trading Up 0.1 %

Shares of NASDAQ FMHI opened at $48.49 on Tuesday. First Trust Municipal High Income ETF has a 1 year low of $47.33 and a 1 year high of $49.51. The company’s 50-day moving average is $48.37 and its 200 day moving average is $48.81.

First Trust Municipal High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.