First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Acquired by Wealth Enhancement Advisory Services LLC

Posted by Jeanne O'Marion on Jan 11th, 2025

Wealth Enhancement Advisory Services LLC boosted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI – Free Report) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,522,681 shares of the company’s stock after buying an additional 1,327 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 9.79% of First Trust Municipal High Income ETF worth $75,220,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FMHI. Larson Financial Group LLC acquired a new stake in First Trust Municipal High Income ETF during the third quarter valued at approximately $92,000. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter worth about $109,000. Mach 1 Financial Group LLC acquired a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter valued at about $204,000. SeaCrest Wealth Management LLC bought a new stake in shares of First Trust Municipal High Income ETF during the 3rd quarter valued at about $225,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in First Trust Municipal High Income ETF during the second quarter worth about $279,000.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ FMHI opened at $48.05 on Friday. The firm’s 50-day moving average price is $48.66 and its two-hundred day moving average price is $48.85. First Trust Municipal High Income ETF has a 52-week low of $47.14 and a 52-week high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Friday, December 13th.

First Trust Municipal High Income ETF Company Profile

(Free Report)

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.