Orion Portfolio Solutions LLC Purchases 5,269 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Orion Portfolio Solutions LLC lifted its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 38.6% in the third quarter, HoldingsChannel reports. The fund owned 18,918 shares of the company’s stock after buying an additional 5,269 shares during the period. Orion Portfolio Solutions LLC’s holdings in First Trust Municipal High Income ETF were worth $935,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Rothschild Investment LLC bought a new stake in First Trust Municipal High Income ETF during the 2nd quarter worth about $30,000. Larson Financial Group LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the 3rd quarter worth approximately $92,000. Farmers & Merchants Investments Inc. bought a new stake in shares of First Trust Municipal High Income ETF during the third quarter worth approximately $109,000. International Assets Investment Management LLC acquired a new position in First Trust Municipal High Income ETF in the second quarter valued at approximately $184,000. Finally, Mach 1 Financial Group LLC acquired a new stake in First Trust Municipal High Income ETF during the 3rd quarter worth $204,000.

First Trust Municipal High Income ETF Trading Down 0.3 %

Shares of First Trust Municipal High Income ETF stock opened at $48.72 on Monday. First Trust Municipal High Income ETF has a 52 week low of $47.14 and a 52 week high of $49.51. The firm has a fifty day moving average of $48.92 and a two-hundred day moving average of $48.86.

First Trust Municipal High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.163 dividend. This represents a $1.96 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Friday, December 13th.

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.