First Trust Municipal High Income ETF (NASDAQ:FMHI) Stock Holdings Increased by ShoreHaven Wealth Partners LLC

ShoreHaven Wealth Partners LLC grew its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,477 shares of the company’s stock after buying an additional 428 shares during the period. ShoreHaven Wealth Partners LLC owned about 0.23% of First Trust Municipal High Income ETF worth $1,473,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Principal Securities Inc. acquired a new stake in First Trust Municipal High Income ETF during the fourth quarter worth about $48,000. Creekmur Asset Management LLC bought a new position in shares of First Trust Municipal High Income ETF during the fourth quarter valued at approximately $53,000. Westside Investment Management Inc. raised its position in shares of 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 worth $120,000 after purchasing an additional 1,000 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in shares of First Trust Municipal High Income ETF in the 4th quarter worth approximately $200,000. Finally, Eudaimonia Advisors LLC acquired a new position in First Trust Municipal High Income ETF during the 4th quarter valued at approximately $234,000.

First Trust Municipal High Income ETF Price Performance

NASDAQ FMHI traded up $0.10 during trading hours on Friday, hitting $48.98. The company had a trading volume of 169,463 shares, compared to its average volume of 64,932. First Trust Municipal High Income ETF has a fifty-two week low of $43.88 and a fifty-two week high of $49.47. The business has a fifty day simple moving average of $48.75 and a 200-day simple moving average of $48.19.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 21st will be issued a $0.163 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.99%.

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.