Elequin Capital LP Purchases 27,267 Shares of First Trust Municipal High Income ETF $FMHI

Elequin Capital LP lifted its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 779.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,767 shares of the company’s stock after purchasing an additional 27,267 shares during the quarter. Elequin Capital LP owned 0.18% of First Trust Municipal High Income ETF worth $1,462,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FMHI. Evolution Wealth Management Inc. bought a new stake in First Trust Municipal High Income ETF during the 2nd quarter valued at $27,000. Farther Finance Advisors LLC raised its holdings in First Trust Municipal High Income ETF by 21.3% during the third quarter. Farther Finance Advisors LLC now owns 1,207 shares of the company’s stock worth $57,000 after buying an additional 212 shares during the last quarter. Clear Creek Financial Management LLC bought a new position in shares of First Trust Municipal High Income ETF in the third quarter valued at $200,000. Stratos Wealth Partners LTD. grew its holdings in shares of First Trust Municipal High Income ETF by 8.6% during the third quarter. Stratos Wealth Partners LTD. now owns 5,642 shares of the company’s stock valued at $268,000 after buying an additional 447 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of First Trust Municipal High Income ETF during the second quarter valued at about $295,000.

First Trust Municipal High Income ETF Price Performance

NASDAQ:FMHI opened at $48.08 on Friday. First Trust Municipal High Income ETF has a one year low of $44.80 and a one year high of $49.05. The firm has a 50-day moving average of $48.22 and a 200-day moving average of $47.89.

First Trust Municipal High Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 4.4%. This is an increase 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.