WealthCare Investment Partners LLC Makes New Investment in First Trust Municipal High Income ETF (NASDAQ:FMHI)

WealthCare Investment Partners LLC acquired a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,807 shares of the company’s stock, valued at approximately $376,000. WealthCare Investment Partners LLC owned about 0.06% of First Trust Municipal High Income ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Socha Financial Group LLC boosted its position in First Trust Municipal High Income ETF by 2.6% in the fourth quarter. Socha Financial Group LLC now owns 17,903 shares of the company’s stock worth $854,000 after purchasing an additional 457 shares during the last quarter. Traction Financial Partners LLC purchased a new position in First Trust Municipal High Income ETF in the fourth quarter worth $1,004,000. Raymond James Trust N.A. purchased a new position in First Trust Municipal High Income ETF in the fourth quarter worth $562,000. Wealthcare Advisory Partners LLC purchased a new position in First Trust Municipal High Income ETF in the fourth quarter worth $200,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in First Trust Municipal High Income ETF in the third quarter worth $435,000.

First Trust Municipal High Income ETF Stock Down 0.3 %

Shares of NASDAQ FMHI traded down $0.16 during trading on Thursday, reaching $48.39. 9,860 shares of the stock traded hands, compared to its average volume of 63,870. First Trust Municipal High Income ETF has a 52-week low of $43.88 and a 52-week high of $48.71. The company has a 50-day moving average of $47.99 and a 200-day moving average of $47.86.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.159 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.94%.

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.