Evergreen Private Wealth LLC Acquires 3,104 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Evergreen Private Wealth LLC boosted its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,521 shares of the company’s stock after acquiring an additional 3,104 shares during the period. Evergreen Private Wealth LLC owned 0.21% of First Trust Municipal High Income ETF worth $1,619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FMHI. Raymond James Financial Inc. purchased a new stake in First Trust Municipal High Income ETF during the fourth quarter valued at approximately $17,256,000. HighTower Advisors LLC lifted 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 acquiring an additional 112,110 shares during the last quarter. JPMorgan Chase & Co. lifted its position in First Trust Municipal High Income ETF by 209.2% during the third quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock valued at $5,248,000 after acquiring an additional 71,872 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in First Trust Municipal High Income ETF during the fourth quarter valued at approximately $2,390,000. Finally, Jane Street Group LLC lifted its position in First Trust Municipal High Income ETF by 93.4% during the third quarter. Jane Street Group LLC now owns 66,694 shares of the company’s stock valued at $3,295,000 after acquiring an additional 32,213 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

NASDAQ:FMHI opened at $48.50 on Friday. The firm has a 50 day moving average of $48.41 and a 200 day moving average of $48.77. First Trust Municipal High Income ETF has a 52 week low of $47.33 and a 52 week high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.163 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.03%.

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.