Sequoia Financial Advisors LLC Takes Position in First Trust Municipal High Income ETF $FMHI

Sequoia Financial Advisors LLC acquired a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 60,301 shares of the company’s stock, valued at approximately $2,865,000. Sequoia Financial Advisors LLC owned about 0.35% of First Trust Municipal High Income ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FMHI. Jane Street Group LLC lifted its position in First Trust Municipal High Income ETF by 888.7% during the second quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock valued at $6,119,000 after purchasing an additional 117,782 shares during the last quarter. Ashton Thomas Securities LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 190.9% during the 3rd quarter. Ashton Thomas Securities LLC now owns 140,845 shares of the company’s stock worth $6,692,000 after acquiring an additional 92,429 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of First Trust Municipal High Income ETF during the 2nd quarter worth $3,966,000. Vise Technologies Inc. purchased a new position in First Trust Municipal High Income ETF in the second quarter worth $3,021,000. Finally, AJ Advisors LLC bought a new position in First Trust Municipal High Income ETF in the second quarter valued at $2,760,000.

First Trust Municipal High Income ETF Stock Performance

NASDAQ FMHI opened at $48.02 on Wednesday. The stock’s 50-day simple moving average is $47.96 and its two-hundred day simple moving average is $47.38. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.05.

First Trust Municipal High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be issued a dividend of $0.174 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

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.