Altus Wealth Group LLC Makes New Investment in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Altus Wealth Group LLC acquired a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,148 shares of the company’s stock, valued at approximately $297,000.

A number of other institutional investors have also modified their holdings of the company. Great Valley Advisor Group Inc. lifted its position in First Trust Municipal High Income ETF by 1.1% during the third quarter. Great Valley Advisor Group Inc. now owns 19,639 shares of the company’s stock valued at $970,000 after buying an additional 209 shares in the last quarter. Flagstar Advisors Inc. lifted its holdings in shares of First Trust Municipal High Income ETF by 0.7% during the 4th quarter. Flagstar Advisors Inc. now owns 28,975 shares of the company’s stock valued at $1,399,000 after acquiring an additional 212 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in First Trust Municipal High Income ETF by 1.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 14,815 shares of the company’s stock worth $715,000 after purchasing an additional 250 shares during the period. Boyd Wealth Management LLC increased its holdings in First Trust Municipal High Income ETF by 1.5% in the 4th quarter. Boyd Wealth Management LLC now owns 18,492 shares of the company’s stock valued at $893,000 after purchasing an additional 271 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in First Trust Municipal High Income ETF by 3.4% in the third quarter. Integrated Wealth Concepts LLC now owns 9,063 shares of the company’s stock valued at $448,000 after purchasing an additional 302 shares during the period.

First Trust Municipal High Income ETF Stock Down 0.2 %

Shares of NASDAQ FMHI opened at $48.18 on Friday. First Trust Municipal High Income ETF has a 1-year low of $47.33 and a 1-year high of $49.51. The business has a 50-day moving average of $48.43 and a 200-day moving average of $48.75.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.163 dividend. This represents a $1.96 annualized dividend and a yield of 4.06%. The ex-dividend date was Friday, February 21st.

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.