Hobart Private Capital LLC Buys 8,426 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Hobart Private Capital LLC increased its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 53.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,276 shares of the company’s stock after acquiring an additional 8,426 shares during the period. Hobart Private Capital LLC owned about 0.15% of First Trust Municipal High Income ETF worth $1,172,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of 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 worth $75,155,000 after acquiring an additional 59,086 shares during the last quarter. Financial Partners Group Inc lifted its stake in First Trust Municipal High Income ETF by 3.9% in the fourth quarter. Financial Partners Group Inc now owns 244,826 shares of the company’s stock worth $11,823,000 after purchasing an additional 9,180 shares during the last quarter. HighTower Advisors LLC boosted its position in First Trust Municipal High Income ETF by 186.1% during the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock valued at $8,513,000 after buying an additional 112,110 shares during the period. Atlas Private Wealth Advisors grew its stake in shares of 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 last quarter. Finally, EnRich Financial Partners LLC increased its holdings in shares of First Trust Municipal High Income ETF by 5.3% in the third quarter. EnRich Financial Partners LLC now owns 139,912 shares of the company’s stock worth $6,912,000 after buying an additional 6,990 shares during the period.

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI stock opened at $48.70 on Friday. First Trust Municipal High Income ETF has a 1-year low of $47.33 and a 1-year high of $49.51. The business has a 50-day moving average of $48.46 and a 200 day moving average of $48.82.

First Trust Municipal High Income ETF Announces Dividend

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

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.