ShoreHaven Wealth Partners LLC Boosts Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

ShoreHaven Wealth Partners LLC lifted its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,437 shares of the company’s stock after acquiring an additional 1,054 shares during the quarter. ShoreHaven Wealth Partners LLC owned approximately 0.21% of First Trust Municipal High Income ETF worth $1,117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its holdings in shares of First Trust Municipal High Income ETF by 13.6% during the third quarter. Commonwealth Equity Services LLC now owns 35,405 shares of the company’s stock valued at $1,596,000 after buying an additional 4,248 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in First Trust Municipal High Income ETF by 26.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 32,863 shares of the company’s stock worth $1,481,000 after purchasing an additional 6,799 shares during the period. Chicago Partners Investment Group LLC grew its holdings in shares of First Trust Municipal High Income ETF by 14.5% in the third quarter. Chicago Partners Investment Group LLC now owns 7,228 shares of the company’s stock worth $321,000 after acquiring an additional 916 shares during the period. Gradient Investments LLC increased its position in First Trust Municipal High Income ETF by 397.6% during the third quarter. Gradient Investments LLC now owns 1,020 shares of the company’s stock valued at $46,000 after acquiring an additional 815 shares during the last quarter. Finally, GSG Advisors LLC bought a new position in First Trust Municipal High Income ETF in the third quarter valued at about $779,000.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ FMHI traded up $0.08 during midday trading on Wednesday, hitting $48.05. 80,991 shares of the company’s stock traded hands, compared to its average volume of 69,000. The firm has a fifty day moving average of $47.89 and a 200 day moving average of $47.19. First Trust Municipal High Income ETF has a 1 year low of $43.88 and a 1 year high of $48.37.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were paid a dividend of $0.159 per share. This represents a $1.91 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Tuesday, April 23rd.

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.