First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,285 shares of the company’s stock after purchasing an additional 754 shares during the period. Benjamin Edwards Inc. owned approximately 0.05% of First Trust Municipal High Income ETF worth $400,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV grew its holdings in First Trust Municipal High Income ETF by 187.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 868 shares of the company’s stock worth $42,000 after acquiring an additional 566 shares during the period. Coppell Advisory Solutions LLC increased its holdings in shares of First Trust Municipal High Income ETF by 180.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,293 shares of the company’s stock valued at $62,000 after purchasing an additional 832 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of First Trust Municipal High Income ETF in the fourth quarter valued at about $67,000. Synergy Investment Management LLC purchased a new stake in First Trust Municipal High Income ETF during the fourth quarter worth about $124,000. Finally, Larson Financial Group LLC grew its position in First Trust Municipal High Income ETF by 105.0% during the fourth quarter. Larson Financial Group LLC now owns 3,803 shares of the company’s stock worth $184,000 after buying an additional 1,948 shares during the period.

First Trust Municipal High Income ETF Stock Performance

FMHI stock opened at $46.87 on Friday. The firm has a 50 day moving average of $47.30 and a 200-day moving average of $48.13. First Trust Municipal High Income ETF has a 12-month low of $44.80 and a 12-month high of $49.51.

First Trust Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.164 per share. This represents a $1.97 dividend on an annualized basis and a yield of 4.20%. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.16. The ex-dividend date was Tuesday, April 22nd.

About First Trust Municipal High Income ETF

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.