Mach 1 Financial Group LLC Takes $204,000 Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Mach 1 Financial Group LLC acquired a new position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,129 shares of the company’s stock, valued at approximately $204,000.

Several other large investors also recently made changes to their positions in FMHI. Envestnet Portfolio Solutions Inc. boosted its stake in First Trust Municipal High Income ETF by 11.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,353 shares of the company’s stock worth $500,000 after purchasing an additional 1,024 shares during the period. Summit Wealth Partners LLC boosted its position in shares of First Trust Municipal High Income ETF by 5.5% during the second quarter. Summit Wealth Partners LLC now owns 11,848 shares of the company’s stock worth $572,000 after buying an additional 620 shares during the period. RFG Advisory LLC grew its holdings in shares of First Trust Municipal High Income ETF by 55.7% during the second quarter. RFG Advisory LLC now owns 29,089 shares of the company’s stock worth $1,406,000 after buying an additional 10,404 shares in the last quarter. Financial Partners Group Inc raised its position in First Trust Municipal High Income ETF by 10.4% in the 2nd quarter. Financial Partners Group Inc now owns 219,361 shares of the company’s stock valued at $10,600,000 after buying an additional 20,649 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its stake in First Trust Municipal High Income ETF by 6.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,615 shares of the company’s stock valued at $368,000 after acquiring an additional 480 shares in the last quarter.

First Trust Municipal High Income ETF Stock Up 0.9 %

Shares of FMHI opened at $48.82 on Friday. First Trust Municipal High Income ETF has a twelve month low of $44.81 and a twelve month high of $49.51. The company has a 50 day moving average of $49.09 and a 200-day moving average of $48.65.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were given a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Tuesday, October 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.