LPL Financial LLC Raises Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

LPL Financial LLC lifted its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 984,276 shares of the company’s stock after buying an additional 90,504 shares during the period. LPL Financial LLC owned approximately 0.06% of First Trust Municipal High Income ETF worth $47,531,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Stifel Financial Corp lifted its stake in First Trust Municipal High Income ETF by 244.8% during the 3rd quarter. Stifel Financial Corp now owns 21,154 shares of the company’s stock valued at $1,045,000 after acquiring an additional 15,019 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of First Trust Municipal High Income ETF by 209.2% during the third quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock valued at $5,248,000 after purchasing an additional 71,872 shares during the last quarter. Allworth Financial LP bought a new position in First Trust Municipal High Income ETF during the fourth quarter valued at approximately $640,000. Benjamin Edwards Inc. boosted its holdings in First Trust Municipal High Income ETF by 293.3% in the third quarter. Benjamin Edwards Inc. now owns 7,531 shares of the company’s stock worth $372,000 after purchasing an additional 5,616 shares during the last quarter. Finally, Truist Financial Corp grew its position in First Trust Municipal High Income ETF by 38.6% in the 4th quarter. Truist Financial Corp now owns 26,239 shares of the company’s stock worth $1,267,000 after purchasing an additional 7,308 shares during the period.

First Trust Municipal High Income ETF Trading Down 0.8 %

Shares of FMHI opened at $47.47 on Friday. The firm has a fifty day simple moving average of $48.43 and a two-hundred day simple moving average of $48.69. First Trust Municipal High Income ETF has a 1-year low of $47.33 and a 1-year high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, March 27th.

First Trust Municipal High Income ETF Company 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.