First Trust Municipal High Income ETF (NASDAQ:FMHI) Position Increased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,153 shares of the company’s stock after buying an additional 570 shares during the quarter. D.A. Davidson & CO. owned 0.28% of First Trust Municipal High Income ETF worth $2,132,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Larson Financial Group LLC acquired a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter valued at about $92,000. Farmers & Merchants Investments Inc. acquired a new position in First Trust Municipal High Income ETF in the third quarter worth approximately $109,000. Mach 1 Financial Group LLC acquired a new position in First Trust Municipal High Income ETF in the third quarter worth approximately $204,000. Silver Oak Securities Incorporated increased its holdings 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 buying an additional 399 shares during the last quarter. Finally, Westside Investment Management Inc. increased its holdings in First Trust Municipal High Income ETF by 100.0% in the fourth quarter. Westside Investment Management Inc. now owns 5,000 shares of the company’s stock worth $241,000 after buying an additional 2,500 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

NASDAQ:FMHI opened at $48.57 on Friday. First Trust Municipal High Income ETF has a 52 week low of $47.33 and a 52 week high of $49.51. The stock’s 50 day moving average price is $48.33 and its 200 day moving average price is $48.79.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.163 per share. The ex-dividend date 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.