Invictus Private Wealth LLC Purchases Shares of 4,668 First Trust Municipal High Income ETF $FMHI

Invictus Private Wealth LLC purchased a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,668 shares of the company’s stock, valued at approximately $218,000.

Several other hedge funds also recently made changes to their positions in FMHI. Wealth Enhancement Advisory Services LLC increased its holdings in shares of First Trust Municipal High Income ETF by 12.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,468,443 shares of the company’s stock worth $68,708,000 after purchasing an additional 165,191 shares during the period. SlateStone Wealth LLC boosted its position in First Trust Municipal High Income ETF by 40.5% in the first quarter. SlateStone Wealth LLC now owns 233,078 shares of the company’s stock valued at $11,142,000 after buying an additional 67,175 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in First Trust Municipal High Income ETF in the first quarter valued at approximately $2,229,000. EWG Elevate Inc. acquired a new stake in First Trust Municipal High Income ETF in the second quarter valued at approximately $2,148,000. Finally, HighTower Advisors LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 24.3% during the first quarter. HighTower Advisors LLC now owns 191,717 shares of the company’s stock worth $9,165,000 after purchasing an additional 37,524 shares during the period.

First Trust Municipal High Income ETF Trading Up 0.3%

Shares of NASDAQ:FMHI opened at $47.81 on Friday. The firm’s fifty day moving average is $46.93 and its 200-day moving average is $46.75. First Trust Municipal High Income ETF has a 52 week low of $44.80 and a 52 week high of $49.40.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.169 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Thursday, September 25th. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

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.