Advyzon Investment Management LLC Takes $529,000 Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Advyzon Investment Management LLC acquired a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,961 shares of the company’s stock, valued at approximately $529,000. Advyzon Investment Management LLC owned 0.07% of First Trust Municipal High Income ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FMHI. Wealth Enhancement Advisory Services LLC lifted its stake in First Trust Municipal High Income ETF by 4.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,521,354 shares of the company’s stock worth $75,155,000 after purchasing 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% during 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 lifted its stake 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 worth $8,513,000 after purchasing an additional 112,110 shares during the last quarter. Atlas Private Wealth Advisors lifted its stake 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 worth $8,207,000 after purchasing an additional 10,463 shares during the last quarter. Finally, EnRich Financial Partners LLC lifted its stake in First Trust Municipal High Income ETF by 5.3% during the third quarter. EnRich Financial Partners LLC now owns 139,912 shares of the company’s stock worth $6,912,000 after purchasing an additional 6,990 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

FMHI stock opened at $48.48 on Thursday. The business has a 50 day moving average price of $48.34 and a 200 day moving average price of $48.80. First Trust Municipal High Income ETF has a fifty-two week low of $47.33 and a fifty-two week high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

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