Summit Wealth Partners LLC Has $699,000 Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Summit Wealth Partners LLC lifted its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 31.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,465 shares of the company’s stock after acquiring an additional 3,480 shares during the period. Summit Wealth Partners LLC’s holdings in First Trust Municipal High Income ETF were worth $699,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FMHI. Larson Financial Group LLC acquired a new position in shares of First Trust Municipal High Income ETF during the 3rd quarter valued at $92,000. Farmers & Merchants Investments Inc. acquired a new position in First Trust Municipal High Income ETF during the third quarter worth $109,000. Mach 1 Financial Group LLC acquired a new position in First Trust Municipal High Income ETF during the third quarter worth $204,000. SeaCrest Wealth Management LLC acquired a new position in First Trust Municipal High Income ETF during the third quarter worth $225,000. Finally, Westside Investment Management Inc. raised its holdings in First Trust Municipal High Income ETF by 100.0% during 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 last quarter.

First Trust Municipal High Income ETF Trading Up 0.4 %

NASDAQ FMHI opened at $48.74 on Thursday. First Trust Municipal High Income ETF has a 1 year low of $47.33 and a 1 year high of $49.51. The company has a fifty day moving average price of $48.48 and a 200-day moving average price of $48.82.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a dividend of $0.163 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.96 dividend on an annualized basis and a yield of 4.01%.

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.