NewEdge Advisors LLC Acquires 16,490 Shares of First Trust Municipal High Income ETF $FMHI

NewEdge Advisors LLC lifted its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 6.5% in the first quarter, Holdings Channel.com reports. The fund owned 269,223 shares of the company’s stock after purchasing an additional 16,490 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Municipal High Income ETF were worth $12,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC bought a new stake in shares of First Trust Municipal High Income ETF during the first quarter valued at about $377,000. Baird Financial Group Inc. lifted its stake in First Trust Municipal High Income ETF by 7.6% in the 2nd quarter. Baird Financial Group Inc. now owns 6,400 shares of the company’s stock worth $299,000 after purchasing an additional 450 shares in the last quarter. Jane Street Group LLC boosted its holdings in First Trust Municipal High Income ETF by 888.7% in the 2nd quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock valued at $6,119,000 after purchasing an additional 117,782 shares during the period. MML Investors Services LLC boosted its holdings in First Trust Municipal High Income ETF by 1.4% in the 2nd quarter. MML Investors Services LLC now owns 101,612 shares of the company’s stock valued at $4,745,000 after purchasing an additional 1,414 shares during the period. Finally, Orion Porfolio Solutions LLC grew its position in shares of First Trust Municipal High Income ETF by 4.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock valued at $382,000 after purchasing an additional 365 shares in the last quarter.

First Trust Municipal High Income ETF Trading Up 0.3%

Shares of FMHI stock opened at $47.87 on Friday. First Trust Municipal High Income ETF has a 52-week low of $45.94 and a 52-week high of $48.73. The business’s fifty day moving average is $48.20 and its 200 day moving average is $48.11.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were issued a $0.177 dividend. The ex-dividend date of this dividend was 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.