Wells Fargo & Company MN Raises Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Wells Fargo & Company MN boosted its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 700,256 shares of the company’s stock after purchasing an additional 40,466 shares during the quarter. Wells Fargo & Company MN’s holdings in First Trust Municipal High Income ETF were worth $33,815,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. LPL Financial LLC increased its holdings in First Trust Municipal High Income ETF by 10.1% during the 4th quarter. LPL Financial LLC now owns 984,276 shares of the company’s stock worth $47,531,000 after purchasing an additional 90,504 shares during the period. Raymond James Financial Inc. purchased a new stake in First Trust Municipal High Income ETF during the 4th quarter worth about $17,256,000. Financial Partners Group Inc increased its holdings in First Trust Municipal High Income ETF by 3.9% during the 4th quarter. Financial Partners Group Inc now owns 244,826 shares of the company’s stock worth $11,823,000 after purchasing an additional 9,180 shares during the period. Atlas Private Wealth Advisors increased its holdings in First Trust Municipal High Income ETF by 6.6% during the 4th quarter. Atlas Private Wealth Advisors now owns 169,954 shares of the company’s stock worth $8,207,000 after purchasing an additional 10,463 shares during the period. Finally, SlateStone Wealth LLC increased its holdings in First Trust Municipal High Income ETF by 17.5% during the 4th quarter. SlateStone Wealth LLC now owns 165,903 shares of the company’s stock worth $8,011,000 after purchasing an additional 24,701 shares during the period.

First Trust Municipal High Income ETF Trading Up 0.2 %

FMHI opened at $46.51 on Friday. First Trust Municipal High Income ETF has a one year low of $44.80 and a one year high of $49.51. The business’s 50-day simple moving average is $48.17 and its 200-day simple moving average is $48.52.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.163 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.21%.

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.