Advisory Resource Group Has $2.21 Million Stake in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Advisory Resource Group lifted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,719 shares of the company’s stock after purchasing an additional 1,646 shares during the quarter. Advisory Resource Group owned 0.29% of First Trust Municipal High Income ETF worth $2,208,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FMHI. Larson Financial Group LLC acquired a new position in First Trust Municipal High Income ETF during the third quarter worth $92,000. Farmers & Merchants Investments Inc. acquired a new position in First Trust Municipal High Income ETF during the third quarter worth $109,000. Mach 1 Financial Group LLC acquired a new position in First Trust Municipal High Income ETF during the third quarter worth $204,000. Silver Oak Securities Incorporated raised its stake in First Trust Municipal High Income ETF by 9.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock worth $224,000 after acquiring an additional 399 shares in the last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of First Trust Municipal High Income ETF during the third quarter worth $225,000.

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI stock opened at $48.70 on Friday. The stock’s fifty day moving average is $48.46 and its 200-day moving average is $48.82. First Trust Municipal High Income ETF has a 52 week low of $47.33 and a 52 week high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.