Oppenheimer & Co. Inc. Boosts Stock Position in First Trust Municipal High Income ETF $FMHI

Oppenheimer & Co. Inc. lifted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 81.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,517 shares of the company’s stock after purchasing an additional 21,741 shares during the quarter. Oppenheimer & Co. Inc. owned 0.26% of First Trust Municipal High Income ETF worth $2,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FMHI. ShoreHaven Wealth Partners LLC grew its position in shares of First Trust Municipal High Income ETF by 75.9% in the 3rd quarter. ShoreHaven Wealth Partners LLC now owns 45,541 shares of the company’s stock worth $2,164,000 after buying an additional 19,644 shares during the period. HighTower Advisors LLC grew its position in shares of First Trust Municipal High Income ETF by 28.1% in the 3rd quarter. HighTower Advisors LLC now owns 121,044 shares of the company’s stock worth $5,751,000 after buying an additional 26,536 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the 3rd quarter worth about $1,347,000. Sequoia Financial Advisors LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the 3rd quarter worth about $2,865,000. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of First Trust Municipal High Income ETF in the 3rd quarter worth about $1,065,000.

First Trust Municipal High Income ETF Stock Down 0.0%

NASDAQ:FMHI opened at $48.01 on Tuesday. The firm’s 50-day moving average price is $48.04 and its 200-day moving average price is $48.04. First Trust Municipal High Income ETF has a 1-year low of $45.83 and a 1-year high of $48.73.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were paid a dividend of $0.175 per share. The ex-dividend date was Tuesday, April 21st.

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.