First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lifted its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 9.3% during the fourth quarter, Holdings Channel reports. The firm owned 103,792 shares of the company’s stock after acquiring an additional 8,819 shares during the quarter. Meeder Advisory Services Inc.’s holdings in First Trust Municipal High Income ETF were worth $5,012,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in FMHI. Creative Financial Designs Inc. ADV grew its stake in First Trust Municipal High Income ETF by 187.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 868 shares of the company’s stock worth $42,000 after buying an additional 566 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of First Trust Municipal High Income ETF in the fourth quarter valued at approximately $67,000. Synergy Investment Management LLC purchased a new position in shares of First Trust Municipal High Income ETF during the fourth quarter worth approximately $124,000. Larson Financial Group LLC increased its holdings in shares of First Trust Municipal High Income ETF by 105.0% in the 4th quarter. Larson Financial Group LLC now owns 3,803 shares of the company’s stock valued at $184,000 after acquiring an additional 1,948 shares during the period. Finally, Silver Oak Securities Incorporated raised its position in First Trust Municipal High Income ETF by 9.4% in the 4th quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after purchasing an additional 399 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

Shares of First Trust Municipal High Income ETF stock opened at $48.06 on Wednesday. First Trust Municipal High Income ETF has a 1 year low of $47.33 and a 1 year high of $49.51. The company’s fifty day moving average is $48.40 and its two-hundred day moving average is $48.65.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Thursday, March 27th.

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.