Raymond James Financial Inc. bought a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 357,337 shares of the company’s stock, valued at approximately $17,256,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. acquired a new stake in First Trust Municipal High Income ETF in the 4th quarter valued at approximately $67,000. Larson Financial Group LLC acquired a new stake in First Trust Municipal High Income ETF in the 3rd quarter valued at approximately $92,000. Synergy Investment Management LLC acquired a new stake in First Trust Municipal High Income ETF in the 4th quarter valued at approximately $124,000. Silver Oak Securities Incorporated grew its holdings 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 buying an additional 399 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in First Trust Municipal High Income ETF by 16.0% in the 4th quarter. Private Trust Co. NA now owns 4,930 shares of the company’s stock valued at $238,000 after buying an additional 680 shares during the last quarter.
First Trust Municipal High Income ETF Price Performance
Shares of NASDAQ:FMHI opened at $48.25 on Tuesday. First Trust Municipal High Income ETF has a 1-year low of $47.33 and a 1-year high of $49.51. The business’s 50 day moving average is $48.43 and its 200-day moving average is $48.74.
First Trust Municipal High Income ETF Dividend Announcement
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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