Aurora Private Wealth Inc. Buys Shares of 6,983 First Trust Municipal High Income ETF (NASDAQ:FMHI)

Aurora Private Wealth Inc. purchased a new position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,983 shares of the company’s stock, valued at approximately $333,000. Aurora Private Wealth Inc. owned approximately 0.06% of First Trust Municipal High Income ETF at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Eudaimonia Advisors LLC boosted its holdings in First Trust Municipal High Income ETF by 8.4% in the 1st quarter. Eudaimonia Advisors LLC now owns 3,944 shares of the company’s stock worth $202,000 after acquiring an additional 305 shares during the period. Cetera Advisor Networks LLC increased its position in shares of First Trust Municipal High Income ETF by 3.8% during the fourth quarter. Cetera Advisor Networks LLC now owns 9,079 shares of the company’s stock worth $420,000 after acquiring an additional 329 shares during the last quarter. Flagstar Advisors Inc. boosted its holdings in First Trust Municipal High Income ETF by 1.4% in the third quarter. Flagstar Advisors Inc. now owns 26,649 shares of the company’s stock valued at $1,201,000 after purchasing an additional 362 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in First Trust Municipal High Income ETF by 6.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 7,313 shares of the company’s stock valued at $342,000 after purchasing an additional 445 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV increased its holdings in First Trust Municipal High Income ETF by 3.7% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 13,839 shares of the company’s stock worth $655,000 after purchasing an additional 494 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of First Trust Municipal High Income ETF stock traded down $0.21 on Monday, hitting $47.59. 35,816 shares of the company’s stock traded hands, compared to its average volume of 70,909. First Trust Municipal High Income ETF has a 52-week low of $43.88 and a 52-week high of $48.37. The firm’s 50-day moving average is $47.95 and its 200 day moving average is $46.85.

First Trust Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a $0.159 dividend. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.91 annualized dividend and a dividend yield of 4.01%.

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.