First Trust Municipal High Income ETF $FMHI Position Increased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. increased its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 11.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 542,231 shares of the company’s stock after purchasing an additional 53,886 shares during the period. First Trust Municipal High Income ETF accounts for 1.1% of Meeder Advisory Services Inc.’s portfolio, making the stock its 19th largest position. Meeder Advisory Services Inc. owned approximately 2.74% of First Trust Municipal High Income ETF worth $25,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of First Trust Municipal High Income ETF by 3.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,604,484 shares of the company’s stock worth $76,993,000 after acquiring an additional 51,738 shares during the last quarter. Morgan Stanley grew its position in First Trust Municipal High Income ETF by 9.7% in the 4th quarter. Morgan Stanley now owns 1,321,787 shares of the company’s stock worth $63,359,000 after purchasing an additional 117,314 shares during the last quarter. LPL Financial LLC increased its stake in shares of First Trust Municipal High Income ETF by 12.5% in the fourth quarter. LPL Financial LLC now owns 1,167,716 shares of the company’s stock valued at $55,974,000 after purchasing an additional 129,684 shares during the period. Wells Fargo & Company MN raised its holdings in shares of First Trust Municipal High Income ETF by 15.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,145,777 shares of the company’s stock valued at $54,922,000 after buying an additional 154,624 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of First Trust Municipal High Income ETF by 10.3% during the fourth quarter. UBS Group AG now owns 324,495 shares of the company’s stock worth $15,554,000 after buying an additional 30,404 shares during the period.

First Trust Municipal High Income ETF Price Performance

Shares of FMHI stock opened at $48.28 on Monday. First Trust Municipal High Income ETF has a 12-month low of $45.83 and a 12-month high of $48.73. The business has a 50 day simple moving average of $48.24 and a 200 day simple moving average of $48.14.

First Trust Municipal High Income ETF Increases Dividend

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

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.