1900 Wealth Management LLC Purchases New Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

1900 Wealth Management LLC bought a new stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,405 shares of the company’s stock, valued at approximately $599,000. 1900 Wealth Management LLC owned approximately 0.08% of First Trust Municipal High Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in First Trust Municipal High Income ETF by 4.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,521,354 shares of the company’s stock valued at $75,155,000 after acquiring an additional 59,086 shares in the last quarter. Financial Partners Group Inc lifted its holdings in shares of First Trust Municipal High Income ETF by 3.9% during the 4th quarter. Financial Partners Group Inc now owns 244,826 shares of the company’s stock valued at $11,823,000 after buying an additional 9,180 shares during the period. HighTower Advisors LLC boosted its position in First Trust Municipal High Income ETF by 186.1% in the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock worth $8,513,000 after purchasing an additional 112,110 shares during the last quarter. Atlas Private Wealth Advisors grew its position in First Trust Municipal High Income ETF by 6.6% during the fourth quarter. Atlas Private Wealth Advisors now owns 169,954 shares of the company’s stock valued at $8,207,000 after buying an additional 10,463 shares during the period. Finally, EnRich Financial Partners LLC grew its position in shares of First Trust Municipal High Income ETF by 5.3% during the 3rd quarter. EnRich Financial Partners LLC now owns 139,912 shares of the company’s stock valued at $6,912,000 after acquiring an additional 6,990 shares during the period.

First Trust Municipal High Income ETF Price Performance

First Trust Municipal High Income ETF stock opened at $48.70 on Friday. First Trust Municipal High Income ETF has a 12-month low of $47.33 and a 12-month high of $49.51. The firm has a 50 day moving average of $48.47 and a 200 day moving average of $48.82.

First Trust Municipal High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.163 dividend. This represents a $1.96 annualized dividend and a yield of 4.02%. The ex-dividend date was Wednesday, January 22nd.

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.