International Assets Investment Management LLC Acquires New Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

International Assets Investment Management LLC bought a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,157 shares of the company’s stock, valued at approximately $491,000. International Assets Investment Management LLC owned about 0.07% of First Trust Municipal High Income ETF at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Trust Municipal High Income ETF by 4.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,521,354 shares of the company’s stock worth $75,155,000 after buying an additional 59,086 shares during the last quarter. LPL Financial LLC boosted its position in First Trust Municipal High Income ETF by 8.4% in the second quarter. LPL Financial LLC now owns 807,272 shares of the company’s stock worth $39,007,000 after purchasing an additional 62,570 shares during the last quarter. Financial Partners Group Inc grew its stake in shares of First Trust Municipal High Income ETF by 7.4% during the 3rd quarter. Financial Partners Group Inc now owns 235,646 shares of the company’s stock valued at $11,641,000 after purchasing an additional 16,285 shares during the period. NewEdge Advisors LLC increased its position in shares of First Trust Municipal High Income ETF by 561.0% during the 2nd quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock valued at $9,109,000 after purchasing an additional 159,987 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of First Trust Municipal High Income ETF by 186.1% in the 3rd quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock worth $8,513,000 after purchasing an additional 112,110 shares during the period.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ FMHI opened at $48.05 on Friday. First Trust Municipal High Income ETF has a 12-month low of $47.14 and a 12-month high of $49.51. The firm has a 50 day moving average of $48.66 and a 200 day moving average of $48.85.

First Trust Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.163 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 4.07%.

First Trust Municipal High Income ETF Company 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.