Hobart Private Capital LLC Acquires 8,426 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Posted by Cynthia Vaughn on Feb 10th, 2025

Hobart Private Capital LLC raised its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI – Free Report) by 53.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 24,276 shares of the company’s stock after buying an additional 8,426 shares during the quarter. Hobart Private Capital LLC’s holdings in First Trust Municipal High Income ETF were worth $1,172,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Larson Financial Group LLC bought a new position in First Trust Municipal High Income ETF in the third quarter worth about $92,000. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Municipal High Income ETF during the 3rd quarter worth approximately $109,000. Mach 1 Financial Group LLC bought a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter worth approximately $204,000. Silver Oak Securities Incorporated lifted its stake in shares of 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 valued at $224,000 after purchasing an additional 399 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of First Trust Municipal High Income ETF during the third quarter valued at approximately $225,000.

First Trust Municipal High Income ETF Price Performance

Shares of FMHI stock opened at $48.70 on Friday. The business’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 twelve month low of $47.33 and a twelve month high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

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

First Trust Municipal High Income ETF Profile

(Free Report)

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.