Citigroup Inc. lifted its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI – Free Report) by 11.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 289,084 shares of the company’s stock after acquiring an additional 30,152 shares during the quarter. Citigroup Inc. owned about 3.91% of First Trust Municipal High Income ETF worth $13,555,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in FMHI. IFG Advisory LLC raised its holdings in First Trust Municipal High Income ETF by 5.9% in the 1st quarter. IFG Advisory LLC now owns 10,545 shares of the company’s stock worth $494,000 after acquiring an additional 589 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of First Trust Municipal High Income ETF by 67.5% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,125 shares of the company’s stock worth $381,000 after purchasing an additional 3,275 shares during the period. Mutual Advisors LLC lifted its position in shares of First Trust Municipal High Income ETF by 14.6% during the 1st quarter. Mutual Advisors LLC now owns 40,704 shares of the company’s stock worth $1,909,000 after purchasing an additional 5,173 shares during the last quarter. Insight Wealth Strategies LLC boosted its stake in First Trust Municipal High Income ETF by 12.0% during the 1st quarter. Insight Wealth Strategies LLC now owns 10,411 shares of the company’s stock valued at $488,000 after purchasing an additional 1,116 shares during the period. Finally, Altus Wealth Group LLC acquired a new stake in First Trust Municipal High Income ETF in the 1st quarter valued at approximately $239,000.
First Trust Municipal High Income ETF Trading Up 0.4 %
Shares of FMHI stock opened at $46.44 on Wednesday. First Trust Municipal High Income ETF has a 12 month low of $44.09 and a 12 month high of $48.24. The stock has a 50 day moving average of $46.95 and a 200-day moving average of $46.90.
First Trust Municipal High Income ETF Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.1555 per share. This represents a $1.87 annualized dividend and a yield of 4.02%. The ex-dividend date is Tuesday, August 22nd.
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.
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