Concurrent Investment Advisors LLC Has $1.03 Million Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Concurrent Investment Advisors LLC boosted its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 15.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 21,390 shares of the company’s stock after acquiring an additional 2,899 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Municipal High Income ETF were worth $1,034,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Rothschild Investment LLC acquired a new stake in First Trust Municipal High Income ETF in the second quarter valued at $30,000. Principal Securities Inc. bought a new position in shares of First Trust Municipal High Income ETF during the fourth quarter worth about $48,000. Creekmur Asset Management LLC acquired a new position in shares of First Trust Municipal High Income ETF in the fourth quarter worth approximately $53,000. Westside Investment Management Inc. increased its position in First Trust Municipal High Income ETF by 66.7% during the 1st quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock valued at $120,000 after purchasing an additional 1,000 shares during the period. Finally, International Assets Investment Management LLC bought a new position in First Trust Municipal High Income ETF during the 2nd quarter worth approximately $184,000.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ FMHI opened at $48.90 on Monday. First Trust Municipal High Income ETF has a 52-week low of $43.88 and a 52-week high of $49.47. The company’s 50 day moving average price is $48.79 and its 200-day moving average price is $48.25.

First Trust Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.163 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.96 dividend on an annualized basis and a yield of 4.00%.

About First Trust Municipal High Income ETF

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.