First Trust Municipal High Income ETF (NASDAQ:FMHI) Position Increased by Boyd Wealth Management LLC

Posted by Don Miller on Jan 31st, 2025

Boyd Wealth Management LLC increased its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI – Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,492 shares of the company’s stock after purchasing an additional 271 shares during the quarter. First Trust Municipal High Income ETF comprises about 0.4% of Boyd Wealth Management LLC’s portfolio, making the stock its 25th biggest holding. Boyd Wealth Management LLC owned 0.12% of First Trust Municipal High Income ETF worth $893,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new position in First Trust Municipal High Income ETF in the 3rd quarter valued at $92,000. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Municipal High Income ETF in the 3rd quarter valued at $109,000. Mach 1 Financial Group LLC acquired a new stake in shares of First Trust Municipal High Income ETF in the 3rd quarter valued at $204,000. SeaCrest Wealth Management LLC acquired a new position in First Trust Municipal High Income ETF in the third quarter valued at about $225,000. Finally, Westside Investment Management Inc. boosted its holdings in shares of First Trust Municipal High Income ETF by 100.0% in the 4th quarter. Westside Investment Management Inc. now owns 5,000 shares of the company’s stock worth $241,000 after acquiring an additional 2,500 shares in the last quarter.

First Trust Municipal High Income ETF Trading Down 0.1 %

Shares of NASDAQ FMHI opened at $48.35 on Friday. The firm’s 50-day simple moving average is $48.50 and its 200 day simple moving average is $48.82. First Trust Municipal High Income ETF has a 12-month low of $47.33 and a 12-month high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a yield of 4.05%. The ex-dividend date is Wednesday, January 22nd.

First Trust Municipal High Income ETF Company Profile

(Free Report)

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.