Benjamin Edwards Inc. Increases Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Benjamin Edwards Inc. boosted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 293.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,531 shares of the company’s stock after buying an additional 5,616 shares during the period. Benjamin Edwards Inc.’s holdings in First Trust Municipal High Income ETF were worth $372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of First Trust Municipal High Income ETF by 4.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,521,354 shares of the company’s stock valued at $75,155,000 after buying an additional 59,086 shares in the last quarter. LPL Financial LLC grew its stake in First Trust Municipal High Income ETF by 8.4% in the 2nd quarter. LPL Financial LLC now owns 807,272 shares of the company’s stock valued at $39,007,000 after acquiring an additional 62,570 shares during the last quarter. Financial Partners Group Inc increased its holdings in First Trust Municipal High Income ETF by 7.4% during the 3rd quarter. Financial Partners Group Inc now owns 235,646 shares of the company’s stock valued at $11,641,000 after acquiring an additional 16,285 shares in the last quarter. NewEdge Advisors LLC raised its position in First Trust Municipal High Income ETF by 561.0% during the second quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock worth $9,109,000 after acquiring an additional 159,987 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Municipal High Income ETF by 10.3% in the second quarter. Cetera Investment Advisers now owns 161,055 shares of the company’s stock valued at $7,782,000 after purchasing an additional 15,100 shares in the last quarter.

First Trust Municipal High Income ETF Trading Up 0.1 %

FMHI stock opened at $49.30 on Tuesday. First Trust Municipal High Income ETF has a 12 month low of $46.70 and a 12 month high of $49.51. The company’s 50 day simple moving average is $48.95 and its 200-day simple moving average is $48.82.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Thursday, November 21st.

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.