38,862 Shares in First Trust Municipal High Income ETF (NASDAQ:FMHI) Bought by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. bought a new position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 38,862 shares of the company’s stock, valued at approximately $1,853,000. Beacon Harbor Wealth Advisors Inc. 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 have also added to or reduced their stakes in FMHI. Commonwealth Equity Services LLC increased its holdings in shares of First Trust Municipal High Income ETF by 13.6% in the third quarter. Commonwealth Equity Services LLC now owns 35,405 shares of the company’s stock valued at $1,596,000 after purchasing an additional 4,248 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of First Trust Municipal High Income ETF by 26.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 32,863 shares of the company’s stock valued at $1,481,000 after acquiring an additional 6,799 shares during the period. ShoreHaven Wealth Partners LLC bought a new stake in shares of First Trust Municipal High Income ETF in the third quarter valued at about $1,009,000. Boyd Wealth Management LLC bought a new stake in shares of First Trust Municipal High Income ETF in the third quarter valued at about $868,000. Finally, Chicago Partners Investment Group LLC boosted its position in shares of First Trust Municipal High Income ETF by 14.5% in the third quarter. Chicago Partners Investment Group LLC now owns 7,228 shares of the company’s stock valued at $321,000 after acquiring an additional 916 shares during the period.

First Trust Municipal High Income ETF Trading Up 0.3 %

Shares of First Trust Municipal High Income ETF stock traded up $0.14 during trading on Thursday, reaching $47.61. The company’s stock had a trading volume of 20,870 shares, compared to its average volume of 68,660. The business’s 50-day moving average price is $47.90 and its 200-day moving average price is $47.08. First Trust Municipal High Income ETF has a 52 week low of $43.88 and a 52 week high of $48.37.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were given a $0.159 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.01%.

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.