First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 22.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,808 shares of the company’s stock after acquiring an additional 4,654 shares during the period. Stifel Financial Corp’s holdings in First Trust Municipal High Income ETF were worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of FMHI. Raymond James Financial Inc. purchased a new position in First Trust Municipal High Income ETF in the fourth quarter worth $17,256,000. Hughes Financial Services LLC purchased a new stake in First Trust Municipal High Income ETF in the 4th quarter worth approximately $4,685,000. LPL Financial LLC lifted its position in First Trust Municipal High Income ETF by 10.1% during the fourth quarter. LPL Financial LLC now owns 984,276 shares of the company’s stock worth $47,531,000 after buying an additional 90,504 shares during the period. JPMorgan Chase & Co. boosted its position in shares of First Trust Municipal High Income ETF by 209.2% in the third quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock worth $5,248,000 after acquiring an additional 71,872 shares during the last quarter. Finally, First Horizon Advisors Inc. purchased a new stake in First Trust Municipal High Income ETF during the fourth quarter valued at about $2,390,000.

First Trust Municipal High Income ETF Stock Performance

NASDAQ:FMHI opened at $46.90 on Thursday. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.51. The firm’s fifty day simple moving average is $47.38 and its 200 day simple moving average is $48.16.

First Trust Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were paid a dividend of $0.164 per share. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $1.97 annualized dividend and a yield of 4.20%.

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.