Cetera Investment Advisers Increases Stock Position in First Trust Municipal High Income ETF $FMHI

Cetera Investment Advisers grew its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 29.2% during the 1st quarter, Holdings Channel reports. The firm owned 359,142 shares of the company’s stock after buying an additional 81,197 shares during the period. Cetera Investment Advisers’ holdings in First Trust Municipal High Income ETF were worth $17,074,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FMHI. Wells Fargo & Company MN raised its position in shares of First Trust Municipal High Income ETF by 15.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,145,777 shares of the company’s stock worth $54,922,000 after purchasing an additional 154,624 shares during the last quarter. LPL Financial LLC grew its holdings in First Trust Municipal High Income ETF by 12.5% during the 4th quarter. LPL Financial LLC now owns 1,167,716 shares of the company’s stock valued at $55,974,000 after buying an additional 129,684 shares during the last quarter. Jane Street Group LLC increased its position in First Trust Municipal High Income ETF by 888.7% during the second quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock worth $6,119,000 after buying an additional 117,782 shares in the last quarter. Morgan Stanley increased its position in First Trust Municipal High Income ETF by 9.7% during the fourth quarter. Morgan Stanley now owns 1,321,787 shares of the company’s stock worth $63,359,000 after buying an additional 117,314 shares in the last quarter. Finally, Vise Technologies Inc. raised its holdings in shares of First Trust Municipal High Income ETF by 147.2% in the fourth quarter. Vise Technologies Inc. now owns 116,797 shares of the company’s stock worth $5,599,000 after acquiring an additional 69,545 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

NASDAQ FMHI opened at $47.84 on Wednesday. First Trust Municipal High Income ETF has a fifty-two week low of $45.94 and a fifty-two week high of $48.73. The business has a fifty day moving average of $48.22 and a 200-day moving average of $48.14.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be given a dividend of $0.177 per share. The ex-dividend date is Tuesday, July 21st.

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.