Wealth Enhancement Advisory Services LLC Purchases 51,738 Shares of First Trust Municipal High Income ETF $FMHI

Wealth Enhancement Advisory Services LLC boosted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 3.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,604,484 shares of the company’s stock after purchasing an additional 51,738 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of First Trust Municipal High Income ETF worth $76,993,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. ShoreHaven Wealth Partners LLC lifted its stake in shares of First Trust Municipal High Income ETF by 75.9% in the 3rd quarter. ShoreHaven Wealth Partners LLC now owns 45,541 shares of the company’s stock valued at $2,164,000 after purchasing an additional 19,644 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in First Trust Municipal High Income ETF during the third quarter worth approximately $1,347,000. Milestones Private Investment Advisors LLC acquired a new stake in First Trust Municipal High Income ETF during the second quarter worth approximately $642,000. Sequoia Financial Advisors LLC bought a new stake in First Trust Municipal High Income ETF in the third quarter worth approximately $2,865,000. Finally, HighTower Advisors LLC increased its holdings in First Trust Municipal High Income ETF by 28.1% in the third quarter. HighTower Advisors LLC now owns 121,044 shares of the company’s stock worth $5,751,000 after purchasing an additional 26,536 shares in the last quarter.

First Trust Municipal High Income ETF Price Performance

Shares of FMHI opened at $47.61 on Monday. First Trust Municipal High Income ETF has a 52-week low of $44.80 and a 52-week high of $48.73. The business’s 50 day moving average price is $48.21 and its two-hundred day moving average price is $47.96.

First Trust Municipal High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.175 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, February 20th. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

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.