First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Bought by Financial Partners Group Inc

Financial Partners Group Inc raised its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 244,826 shares of the company’s stock after acquiring an additional 9,180 shares during the period. First Trust Municipal High Income ETF accounts for about 1.7% of Financial Partners Group Inc’s holdings, making the stock its 20th biggest position. Financial Partners Group Inc owned 1.56% of First Trust Municipal High Income ETF worth $11,823,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FMHI. Larson Financial Group LLC purchased a new stake in shares of First Trust Municipal High Income ETF during the 3rd quarter worth about $92,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust Municipal High Income ETF in the third quarter worth $109,000. Mach 1 Financial Group LLC purchased a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter valued at $204,000. SeaCrest Wealth Management LLC purchased 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 position in shares of First Trust Municipal High Income ETF by 100.0% in the fourth quarter. Westside Investment Management Inc. now owns 5,000 shares of the company’s stock worth $241,000 after buying an additional 2,500 shares during the period.

First Trust Municipal High Income ETF Price Performance

First Trust Municipal High Income ETF stock opened at $48.49 on Monday. The stock’s 50 day moving average price is $48.50 and its 200 day moving average price is $48.82. First Trust Municipal High Income ETF has a one year low of $47.33 and a one year high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.163 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.96 dividend on an annualized basis and a yield of 4.03%.

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.