Larson Financial Group LLC Buys Shares of 1,855 First Trust Municipal High Income ETF (NASDAQ:FMHI)

Posted by MarketBeat News on Nov 29th, 2024

Larson Financial Group LLC bought a new stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,855 shares of the company’s stock, valued at approximately $92,000.

Other large investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in First Trust Municipal High Income ETF during the 2nd quarter valued at $30,000. Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust Municipal High Income ETF in the third quarter worth $109,000. International Assets Investment Management LLC acquired a new position in shares of First Trust Municipal High Income ETF in the second quarter worth $184,000. Mach 1 Financial Group LLC acquired a new position in shares of First Trust Municipal High Income ETF in the third quarter worth $204,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of First Trust Municipal High Income ETF in the second quarter worth $211,000.

First Trust Municipal High Income ETF Stock Up 0.4 %

NASDAQ FMHI opened at $49.08 on Friday. First Trust Municipal High Income ETF has a 1-year low of $45.90 and a 1-year high of $49.51. The firm’s fifty day simple moving average is $48.98 and its 200-day simple moving average is $48.75.

First Trust Municipal High Income ETF Announces Dividend

Want More Great Investing Ideas?

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Thursday, November 21st.

About First Trust Municipal High Income ETF

(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.