IFP Advisors Inc Purchases 1,521 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

IFP Advisors Inc grew its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 6.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 25,623 shares of the company’s stock after buying an additional 1,521 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Municipal High Income ETF were worth $1,237,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FMHI. Larson Financial Group LLC bought a new position in shares of First Trust Municipal High Income ETF in the third quarter valued at approximately $92,000. Farmers & Merchants Investments Inc. bought a new position in First Trust Municipal High Income ETF in the 3rd quarter worth approximately $109,000. Mach 1 Financial Group LLC bought a new position in First Trust Municipal High Income ETF in the 3rd quarter worth approximately $204,000. Silver Oak Securities Incorporated raised its position in First Trust Municipal High Income ETF by 9.4% in the 4th quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock worth $224,000 after purchasing an additional 399 shares during the last quarter. Finally, Westside Investment Management Inc. raised its position in First Trust Municipal High Income ETF by 100.0% in the 4th quarter. Westside Investment Management Inc. now owns 5,000 shares of the company’s stock worth $241,000 after purchasing an additional 2,500 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

FMHI stock opened at $48.79 on Thursday. The company has a 50 day moving average price of $48.34 and a 200 day moving average price of $48.78. First Trust Municipal High Income ETF has a fifty-two week low of $47.33 and a fifty-two week high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given 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, February 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.