Martin Worley Group Takes $1.82 Million Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Martin Worley Group bought a new stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 37,694 shares of the company’s stock, valued at approximately $1,820,000. First Trust Municipal High Income ETF comprises 1.1% of Martin Worley Group’s investment portfolio, making the stock its 29th largest holding. Martin Worley Group owned about 0.24% of First Trust Municipal High Income ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its holdings in shares of First Trust Municipal High Income ETF by 187.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 868 shares of the company’s stock valued at $42,000 after buying an additional 566 shares in the last quarter. Duncker Streett & Co. Inc. purchased a new stake in shares of First Trust Municipal High Income ETF in the fourth quarter worth approximately $67,000. Synergy Investment Management LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the fourth quarter worth approximately $124,000. Larson Financial Group LLC grew its holdings in shares of First Trust Municipal High Income ETF by 105.0% during the 4th quarter. Larson Financial Group LLC now owns 3,803 shares of the company’s stock valued at $184,000 after acquiring an additional 1,948 shares in the last quarter. Finally, Silver Oak Securities Incorporated boosted its position in First Trust Municipal High Income ETF by 9.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after purchasing an additional 399 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ FMHI opened at $47.85 on Thursday. The business has a 50 day simple moving average of $48.39 and a 200 day simple moving average of $48.65. 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 Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.163 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.09%.

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.