High Net Worth Advisory Group LLC Boosts Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

High Net Worth Advisory Group LLC grew its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,119 shares of the company’s stock after acquiring an additional 2,051 shares during the period. High Net Worth Advisory Group LLC owned 0.16% of First Trust Municipal High Income ETF worth $1,213,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Stewardship Advisors LLC lifted its position in First Trust Municipal High Income ETF by 6.4% during the fourth quarter. Stewardship Advisors LLC now owns 58,036 shares of the company’s stock valued at $2,803,000 after purchasing an additional 3,511 shares in the last quarter. Cyndeo Wealth Partners LLC grew its stake in shares of First Trust Municipal High Income ETF by 2.3% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 88,070 shares of the company’s stock valued at $4,253,000 after acquiring an additional 1,957 shares during the period. Atlas Private Wealth Advisors increased its holdings in First Trust Municipal High Income ETF by 6.6% in the 4th quarter. Atlas Private Wealth Advisors now owns 169,954 shares of the company’s stock worth $8,207,000 after acquiring an additional 10,463 shares in the last quarter. RFG Advisory LLC raised its stake in First Trust Municipal High Income ETF by 61.5% during the 4th quarter. RFG Advisory LLC now owns 61,850 shares of the company’s stock worth $2,987,000 after acquiring an additional 23,548 shares during the period. Finally, Cornerstone Wealth Management LLC lifted its holdings in First Trust Municipal High Income ETF by 3.2% during the fourth quarter. Cornerstone Wealth Management LLC now owns 74,067 shares of the company’s stock valued at $3,577,000 after purchasing an additional 2,311 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

FMHI opened at $48.19 on Monday. The firm’s fifty day moving average is $48.54 and its 200 day moving average is $48.83. First Trust Municipal High Income ETF has a fifty-two week low of $47.28 and a fifty-two week high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently disclosed 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 of this dividend is Wednesday, January 22nd. This represents a $1.96 annualized dividend and a dividend yield of 4.06%.

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.