IFG Advisory LLC Acquires 5,673 Shares of First Trust Municipal High Income ETF $FMHI

IFG Advisory LLC boosted its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 49.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,223 shares of the company’s stock after acquiring an additional 5,673 shares during the quarter. IFG Advisory LLC owned approximately 0.11% of First Trust Municipal High Income ETF worth $804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its position in First Trust Municipal High Income ETF by 2.2% during the first quarter. Geneos Wealth Management Inc. now owns 10,394 shares of the company’s stock valued at $497,000 after acquiring an additional 224 shares in the last quarter. Landmark Wealth Management LLC raised its position in First Trust Municipal High Income ETF by 4.2% during the second quarter. Landmark Wealth Management LLC now owns 5,585 shares of the company’s stock valued at $261,000 after acquiring an additional 224 shares in the last quarter. Sowell Financial Services LLC raised its position in First Trust Municipal High Income ETF by 0.7% during the second quarter. Sowell Financial Services LLC now owns 31,853 shares of the company’s stock valued at $1,488,000 after acquiring an additional 233 shares in the last quarter. Marshall Financial Group LLC raised its position in First Trust Municipal High Income ETF by 2.1% during the second quarter. Marshall Financial Group LLC now owns 13,057 shares of the company’s stock valued at $610,000 after acquiring an additional 268 shares in the last quarter. Finally, Private Trust Co. NA raised its position in First Trust Municipal High Income ETF by 5.5% during the first quarter. Private Trust Co. NA now owns 5,201 shares of the company’s stock valued at $249,000 after acquiring an additional 271 shares in the last quarter.

First Trust Municipal High Income ETF Stock Up 0.0%

Shares of FMHI opened at $48.06 on Monday. The firm’s 50 day moving average price is $47.46 and its 200 day moving average price is $46.84. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.40.

First Trust Municipal High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were issued a dividend of $0.169 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, October 21st.

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.