19,122 Shares in First Trust Municipal High Income ETF $FMHI Bought by MGO One Seven LLC

MGO One Seven LLC acquired a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,122 shares of the company’s stock, valued at approximately $858,000. MGO One Seven LLC owned about 0.09% of First Trust Municipal High Income ETF at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FMHI. Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 112.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 33,984 shares of the company’s stock valued at $1,648,000 after purchasing an additional 18,020 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of First Trust Municipal High Income ETF by 10.2% during the 2nd quarter. NewEdge Advisors LLC now owns 296,778 shares of the company’s stock worth $14,391,000 after buying an additional 27,555 shares in the last quarter. RFG Advisory LLC raised its holdings in shares of First Trust Municipal High Income ETF by 26.4% during the 2nd quarter. RFG Advisory LLC now owns 54,039 shares of the company’s stock worth $2,620,000 after buying an additional 11,299 shares in the last quarter. Allworth Financial LP acquired a new position in shares of First Trust Municipal High Income ETF during the 2nd quarter worth $557,000. Finally, Bank of America Corp DE lifted its position in shares of First Trust Municipal High Income ETF by 23.7% during the 1st quarter. Bank of America Corp DE now owns 798,920 shares of the company’s stock worth $37,981,000 after buying an additional 153,170 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

NASDAQ:FMHI traded up $0.15 during trading hours on Friday, hitting $46.81. The company’s stock had a trading volume of 124,441 shares, compared to its average volume of 166,055. The stock has a fifty day simple moving average of $45.83 and a 200-day simple moving average of $47.50. First Trust Municipal High Income ETF has a twelve month low of $44.34 and a twelve month high of $48.73.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were issued a $0.1790 dividend. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $2.15 dividend on an annualized basis and a dividend yield of 4.6%.

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.