Nwam LLC Invests $828,000 in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Nwam LLC acquired a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,143 shares of the company’s stock, valued at approximately $828,000.

Other institutional investors have also made changes to their positions in the company. Raymond James & Associates increased its holdings in First Trust Municipal High Income ETF by 0.8% during the third quarter. Raymond James & Associates now owns 129,197 shares of the company’s stock worth $6,382,000 after buying an additional 1,086 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in First Trust Municipal High Income ETF by 17.8% during the third quarter. J.W. Cole Advisors Inc. now owns 7,764 shares of the company’s stock worth $384,000 after buying an additional 1,171 shares during the last quarter. Stephens Inc. AR increased its holdings in First Trust Municipal High Income ETF by 132.3% during the third quarter. Stephens Inc. AR now owns 69,909 shares of the company’s stock worth $3,454,000 after buying an additional 39,809 shares during the last quarter. Financial Partners Group Inc increased its holdings in First Trust Municipal High Income ETF by 7.4% during the third quarter. Financial Partners Group Inc now owns 235,646 shares of the company’s stock worth $11,641,000 after buying an additional 16,285 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in First Trust Municipal High Income ETF by 24.9% during the third quarter. Concurrent Investment Advisors LLC now owns 26,720 shares of the company’s stock worth $1,320,000 after buying an additional 5,330 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI opened at $48.80 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 company’s fifty day simple moving average is $48.36 and its 200 day simple moving average is $48.78.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.163 per share. The ex-dividend date was Friday, February 21st. 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.