Country Trust Bank Buys 863 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Country Trust Bank boosted its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 5.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,652 shares of the company’s stock after purchasing an additional 863 shares during the period. Country Trust Bank’s holdings in First Trust Municipal High Income ETF were worth $852,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its holdings in shares of First Trust Municipal High Income ETF by 244.8% in the third quarter. Stifel Financial Corp now owns 21,154 shares of the company’s stock valued at $1,045,000 after purchasing an additional 15,019 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Municipal High Income ETF by 209.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock worth $5,248,000 after buying an additional 71,872 shares during the period. Benjamin Edwards Inc. grew its position in shares of First Trust Municipal High Income ETF by 293.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 7,531 shares of the company’s stock worth $372,000 after buying an additional 5,616 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of First Trust Municipal High Income ETF by 186.1% during the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock valued at $8,513,000 after buying an additional 112,110 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in shares of First Trust Municipal High Income ETF by 22.3% in the third quarter. D.A. Davidson & CO. now owns 43,583 shares of the company’s stock valued at $2,153,000 after acquiring an additional 7,933 shares in the last quarter.

First Trust Municipal High Income ETF Stock Down 0.1 %

NASDAQ:FMHI opened at $48.35 on Friday. First Trust Municipal High Income ETF has a 1-year low of $47.33 and a 1-year high of $49.51. The company has a 50-day moving average of $48.50 and a 200 day moving average of $48.82.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a $0.163 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.96 annualized dividend and a dividend yield of 4.05%.

About First Trust Municipal High Income ETF

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.