First Trust Municipal High Income ETF (NASDAQ:FMHI) Stock Position Raised by ShoreHaven Wealth Partners LLC

ShoreHaven Wealth Partners LLC boosted its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,437 shares of the company’s stock after purchasing an additional 1,054 shares during the period. ShoreHaven Wealth Partners LLC’s holdings in First Trust Municipal High Income ETF were worth $1,117,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Gradient Investments LLC increased its stake in First Trust Municipal High Income ETF by 397.6% in the 3rd quarter. Gradient Investments LLC now owns 1,020 shares of the company’s stock valued at $46,000 after buying an additional 815 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the 4th quarter valued at about $200,000. Key Financial Inc bought a new stake in shares of First Trust Municipal High Income ETF in the 4th quarter valued at approximately $209,000. Eudaimonia Advisors LLC acquired a new position in First Trust Municipal High Income ETF in the fourth quarter worth approximately $234,000. Finally, Econ Financial Services Corp bought a new position in First Trust Municipal High Income ETF during the third quarter valued at approximately $268,000.

First Trust Municipal High Income ETF Price Performance

NASDAQ FMHI traded up $0.08 during trading on Wednesday, reaching $48.05. The company’s stock had a trading volume of 80,991 shares, compared to its average volume of 69,000. First Trust Municipal High Income ETF has a 1-year low of $43.88 and a 1-year high of $48.37. The business has a 50-day moving average price of $47.89 and a 200-day moving average price of $47.19.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were paid a $0.159 dividend. This represents a $1.91 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Tuesday, April 23rd.

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.