D.A. Davidson & CO. Has $2.13 Million Stock Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

D.A. Davidson & CO. grew its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,153 shares of the company’s stock after acquiring an additional 570 shares during the quarter. D.A. Davidson & CO.’s holdings in First Trust Municipal High Income ETF were worth $2,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC bought a new stake in shares of First Trust Municipal High Income ETF in the third quarter valued at approximately $92,000. Farmers & Merchants Investments Inc. bought a new position in First Trust Municipal High Income ETF in the third quarter worth $109,000. Mach 1 Financial Group LLC bought a new position in First Trust Municipal High Income ETF in the third quarter worth $204,000. Silver Oak Securities Incorporated lifted its position in First Trust Municipal High Income ETF by 9.4% in the fourth quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock worth $224,000 after purchasing an additional 399 shares during the period. Finally, Westside Investment Management Inc. raised its stake in First Trust Municipal High Income ETF by 100.0% during the fourth quarter. Westside Investment Management Inc. now owns 5,000 shares of the company’s stock worth $241,000 after acquiring an additional 2,500 shares in the last quarter.

First Trust Municipal High Income ETF Trading Up 0.0 %

First Trust Municipal High Income ETF stock opened at $48.57 on Friday. The stock has a fifty day moving average price of $48.33 and a two-hundred day moving average price of $48.79. First Trust Municipal High Income ETF has a 52-week low of $47.33 and a 52-week high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.163 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.96 annualized dividend and a yield of 4.03%.

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.