TSA Wealth Managment LLC Purchases New Position in First Trust Municipal High Income ETF $FMHI

TSA Wealth Managment LLC acquired a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,341 shares of the company’s stock, valued at approximately $587,000.

A number of other hedge funds have also added to or reduced their stakes in FMHI. AQR Capital Management LLC purchased a new position in First Trust Municipal High Income ETF during the first quarter valued at approximately $377,000. Baird Financial Group Inc. lifted its stake in First Trust Municipal High Income ETF by 7.6% in the 2nd quarter. Baird Financial Group Inc. now owns 6,400 shares of the company’s stock worth $299,000 after purchasing an additional 450 shares in the last quarter. Jane Street Group LLC boosted its holdings in First Trust Municipal High Income ETF by 888.7% in the 2nd quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock valued at $6,119,000 after purchasing an additional 117,782 shares during the period. MML Investors Services LLC grew its position in shares of First Trust Municipal High Income ETF by 1.4% during the 2nd quarter. MML Investors Services LLC now owns 101,612 shares of the company’s stock valued at $4,745,000 after purchasing an additional 1,414 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew its position in shares of First Trust Municipal High Income ETF by 4.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock valued at $382,000 after purchasing an additional 365 shares in the last quarter.

First Trust Municipal High Income ETF Trading Up 0.1%

Shares of First Trust Municipal High Income ETF stock traded up $0.04 during trading on Friday, hitting $48.38. The stock had a trading volume of 61,036 shares, compared to its average volume of 112,596. First Trust Municipal High Income ETF has a 12 month low of $45.83 and a 12 month high of $48.73. The business’s 50-day moving average is $48.22 and its 200 day moving average is $48.13.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.177 per share. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Municipal High Income ETF’s previous dividend of $0.18.

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.