First Trust Municipal High Income ETF (NASDAQ:FMHI) Stock Position Raised by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 13.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,730 shares of the company’s stock after acquiring an additional 22,044 shares during the period. Cetera Investment Advisers’ holdings in First Trust Municipal High Income ETF were worth $9,210,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. LPL Financial LLC raised its stake in shares of First Trust Municipal High Income ETF by 10.1% in the 4th quarter. LPL Financial LLC now owns 984,276 shares of the company’s stock valued at $47,531,000 after acquiring an additional 90,504 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of First Trust Municipal High Income ETF by 6.1% during the fourth quarter. Wells Fargo & Company MN now owns 700,256 shares of the company’s stock valued at $33,815,000 after purchasing an additional 40,466 shares during the period. Bank of America Corp DE increased its position in shares of First Trust Municipal High Income ETF by 9.6% during the fourth quarter. Bank of America Corp DE now owns 671,953 shares of the company’s stock valued at $32,449,000 after purchasing an additional 58,620 shares during the period. Raymond James Financial Inc. bought a new stake in shares of First Trust Municipal High Income ETF during the fourth quarter valued at approximately $17,256,000. Finally, Financial Partners Group Inc grew its position 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 valued at $11,823,000 after acquiring an additional 9,180 shares during the period.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ:FMHI opened at $46.87 on Monday. The business’s fifty day moving average price is $47.30 and its two-hundred day moving average price is $48.13. First Trust Municipal High Income ETF has a fifty-two week low of $44.80 and a fifty-two week high of $49.51.

First Trust Municipal High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were given a $0.164 dividend. This represents a $1.97 dividend on an annualized basis and a yield of 4.20%. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.16. The ex-dividend date was Tuesday, April 22nd.

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.