RFG Advisory LLC Grows Stake in First Trust Municipal High Income ETF $FMHI

RFG Advisory LLC grew its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 26.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,039 shares of the company’s stock after purchasing an additional 11,299 shares during the quarter. RFG Advisory LLC owned approximately 0.26% of First Trust Municipal High Income ETF worth $2,620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FMHI. AQR Capital Management LLC purchased a new stake in First Trust Municipal High Income ETF in the 1st quarter valued at $377,000. Baird Financial Group Inc. lifted its stake in shares of First Trust Municipal High Income ETF by 7.6% in the second quarter. Baird Financial Group Inc. now owns 6,400 shares of the company’s stock valued at $299,000 after purchasing an additional 450 shares during the period. Jane Street Group LLC lifted its position in shares of First Trust Municipal High Income ETF by 888.7% during the 2nd quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock valued at $6,119,000 after acquiring an additional 117,782 shares during the period. MML Investors Services LLC boosted its position in First Trust Municipal High Income ETF by 1.4% during the second quarter. MML Investors Services LLC now owns 101,612 shares of the company’s stock worth $4,745,000 after purchasing an additional 1,414 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its position in shares of First Trust Municipal High Income ETF by 4.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock worth $382,000 after buying an additional 365 shares in the last quarter.

First Trust Municipal High Income ETF Trading Down 1.0%

FMHI stock opened at $46.16 on Friday. The company’s 50 day simple moving average is $47.68 and its 200-day simple moving average is $47.96. First Trust Municipal High Income ETF has a 12 month low of $46.03 and a 12 month high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a dividend of $0.178 per share. The ex-dividend date of this dividend was Friday, August 21st. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.18. This represents a c) 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.