First Trust Municipal High Income ETF $FMHI Shares Bought by Comerica Bank

Comerica Bank raised its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,384 shares of the company’s stock after purchasing an additional 1,537 shares during the quarter. Comerica Bank owned about 0.14% of First Trust Municipal High Income ETF worth $1,022,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Analysts LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 12,025.0% during the 1st quarter. Capital Analysts LLC now owns 1,455 shares of the company’s stock valued at $70,000 after acquiring an additional 1,443 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of First Trust Municipal High Income ETF by 5.5% during the 1st quarter. Private Trust Co. NA now owns 5,201 shares of the company’s stock valued at $249,000 after acquiring an additional 271 shares in the last quarter. Landmark Wealth Management LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 8.9% during the 1st quarter. Landmark Wealth Management LLC now owns 5,361 shares of the company’s stock valued at $256,000 after acquiring an additional 437 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of First Trust Municipal High Income ETF by 34.9% during the 4th quarter. Baird Financial Group Inc. now owns 5,800 shares of the company’s stock valued at $280,000 after acquiring an additional 1,500 shares in the last quarter. Finally, AE Wealth Management LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 109.1% during the 1st quarter. AE Wealth Management LLC now owns 6,009 shares of the company’s stock valued at $287,000 after acquiring an additional 3,135 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

NASDAQ:FMHI opened at $46.83 on Friday. The firm’s fifty day simple moving average is $46.34 and its 200 day simple moving average is $46.91. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.51.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 21st were issued a dividend of $0.167 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Thursday, August 21st. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

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.