Avantax Advisory Services Inc. Buys 27,226 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Avantax Advisory Services Inc. boosted its stake in First Trust Municipal High Income ETF (NASDAQ:FMHIFree Report) by 94.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,001 shares of the company’s stock after acquiring an additional 27,226 shares during the period. Avantax Advisory Services Inc. owned 0.36% of First Trust Municipal High Income ETF worth $2,704,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. boosted its holdings in First Trust Municipal High Income ETF by 1.1% in the third quarter. Great Valley Advisor Group Inc. now owns 19,639 shares of the company’s stock valued at $970,000 after acquiring an additional 209 shares in the last quarter. Flagstar Advisors Inc. boosted 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 buying an additional 212 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of 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 valued at $715,000 after buying an additional 250 shares in the last quarter. Boyd Wealth Management LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 1.5% during the 4th quarter. Boyd Wealth Management LLC now owns 18,492 shares of the company’s stock valued at $893,000 after buying an additional 271 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 3.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,063 shares of the company’s stock valued at $448,000 after buying an additional 302 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI stock opened at $48.18 on Monday. First Trust Municipal High Income ETF has a 12 month low of $47.33 and a 12 month high of $49.51. The company’s fifty day moving average price is $48.43 and its 200-day moving average price is $48.74.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Friday, February 21st.

About First Trust Municipal High Income ETF

(Free Report)

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.

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Institutional Ownership by Quarter for First Trust Municipal High Income ETF (NASDAQ:FMHI)

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