First Trust Municipal High Income ETF (NASDAQ:FMHI) Stake Boosted by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 39.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,692 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Sanctuary Advisors LLC’s holdings in First Trust Municipal High Income ETF were worth $521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Rothschild Investment LLC acquired a new position in shares of First Trust Municipal High Income ETF in the 2nd quarter valued at about $30,000. Larson Financial Group LLC acquired a new position in First Trust Municipal High Income ETF in the third quarter valued at approximately $92,000. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Municipal High Income ETF during the third quarter valued at approximately $109,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the 2nd quarter worth approximately $184,000. Finally, Mach 1 Financial Group LLC bought a new stake in shares of First Trust Municipal High Income ETF in the 3rd quarter worth approximately $204,000.

First Trust Municipal High Income ETF Stock Performance

NASDAQ:FMHI opened at $48.03 on Thursday. The business has a 50 day simple moving average of $48.77 and a 200 day simple moving average of $48.87. First Trust Municipal High Income ETF has a 12-month low of $47.14 and a 12-month high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Friday, December 13th.

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.