First Trust Municipal High Income ETF (NASDAQ:FMHI) Stake Boosted by Financial Partners Group Inc

Financial Partners Group Inc lifted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 244,826 shares of the company’s stock after buying an additional 9,180 shares during the quarter. First Trust Municipal High Income ETF makes up about 1.7% of Financial Partners Group Inc’s holdings, making the stock its 20th largest holding. Financial Partners Group Inc’s holdings in First Trust Municipal High Income ETF were worth $11,823,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FMHI. Great Valley Advisor Group Inc. boosted its holdings in shares of First Trust Municipal High Income ETF by 1.1% during the third quarter. Great Valley Advisor Group Inc. now owns 19,639 shares of the company’s stock worth $970,000 after purchasing an additional 209 shares during the period. WealthCare Investment Partners LLC raised its stake in shares of First Trust Municipal High Income ETF by 2.3% during the 3rd quarter. WealthCare Investment Partners LLC now owns 10,715 shares of the company’s stock worth $526,000 after purchasing an additional 242 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of First Trust Municipal High Income ETF by 1.8% during the 2nd quarter. Truist Financial Corp now owns 13,605 shares of the company’s stock valued at $657,000 after buying an additional 243 shares during the last quarter. Boyd Wealth Management LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 1.5% during the 4th quarter. Boyd Wealth Management LLC now owns 18,492 shares of the company’s stock valued at $893,000 after buying an additional 271 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in shares of First Trust Municipal High Income ETF by 3.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,063 shares of the company’s stock valued at $448,000 after buying an additional 302 shares in the last quarter.

First Trust Municipal High Income ETF Stock Up 0.3 %

Shares of FMHI opened at $48.49 on Monday. First Trust Municipal High Income ETF has a twelve month low of $47.33 and a twelve month high of $49.51. The firm’s 50 day moving average price is $48.50 and its 200 day moving average price is $48.82.

First Trust Municipal High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.163 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.96 annualized dividend and a yield of 4.03%.

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.