9,412 Shares in First Trust Municipal High Income ETF (NASDAQ:FMHI) Bought by Mattern Wealth Management LLC

Mattern Wealth Management LLC bought a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,412 shares of the company’s stock, valued at approximately $465,000. Mattern Wealth Management LLC owned about 0.06% of First Trust Municipal High Income ETF at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC raised its stake in shares of First Trust Municipal High Income ETF by 100.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 8,400 shares of the company’s stock valued at $405,000 after acquiring an additional 4,200 shares during the last quarter. WealthCare Investment Partners LLC acquired a new position in First Trust Municipal High Income ETF during the 1st quarter worth about $376,000. Wealth Enhancement Advisory Services LLC grew its position in shares of First Trust Municipal High Income ETF by 3.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,109 shares of the company’s stock valued at $68,806,000 after buying an additional 44,740 shares during the last quarter. OneAscent Financial Services LLC grew its position in shares of First Trust Municipal High Income ETF by 11.4% in the 1st quarter. OneAscent Financial Services LLC now owns 17,784 shares of the company’s stock valued at $857,000 after buying an additional 1,815 shares during the last quarter. Finally, Westside Investment Management Inc. increased its stake in shares of First Trust Municipal High Income ETF by 66.7% in the first quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock valued at $120,000 after buying an additional 1,000 shares during the period.

First Trust Municipal High Income ETF Price Performance

Shares of First Trust Municipal High Income ETF stock traded down $0.22 during midday trading on Tuesday, reaching $48.86. The company had a trading volume of 19,493 shares, compared to its average volume of 66,789. The stock has a fifty day moving average price of $49.19 and a 200 day moving average price of $48.56. First Trust Municipal High Income ETF has a fifty-two week low of $43.88 and a fifty-two week high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.163 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.00%.

First Trust Municipal High Income ETF Company 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.