AE Wealth Management LLC Raises Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

AE Wealth Management LLC grew its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 109.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,009 shares of the company’s stock after buying an additional 3,135 shares during the period. AE Wealth Management LLC’s holdings in First Trust Municipal High Income ETF were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in First Trust Municipal High Income ETF by 30.3% during the 4th quarter. JPMorgan Chase & Co. now owns 138,457 shares of the company’s stock valued at $6,686,000 after buying an additional 32,222 shares during the period. Meeder Advisory Services Inc. raised its holdings in First Trust Municipal High Income ETF by 9.3% during the 4th quarter. Meeder Advisory Services Inc. now owns 103,792 shares of the company’s stock valued at $5,012,000 after buying an additional 8,819 shares during the period. OneAscent Financial Services LLC purchased a new stake in First Trust Municipal High Income ETF during the 4th quarter valued at $874,000. Martin Worley Group purchased a new stake in First Trust Municipal High Income ETF during the 4th quarter valued at $1,820,000. Finally, Wells Fargo & Company MN raised its holdings in First Trust Municipal High Income ETF by 6.1% during the 4th quarter. Wells Fargo & Company MN now owns 700,256 shares of the company’s stock valued at $33,815,000 after buying an additional 40,466 shares during the period.

First Trust Municipal High Income ETF Stock Down 0.1%

FMHI stock opened at $46.03 on Thursday. First Trust Municipal High Income ETF has a 12 month low of $44.80 and a 12 month high of $49.51. The company has a 50-day moving average price of $46.49 and a 200 day moving average price of $47.29.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.166 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $1.99 dividend on an annualized basis and a dividend yield of 4.33%.

About First Trust Municipal High Income ETF

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.