Spartan Wealth Advisory Services LLC Purchases New Position in First Trust Municipal High Income ETF $FMHI

Spartan Wealth Advisory Services LLC purchased a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 33,757 shares of the company’s stock, valued at approximately $1,605,000.

Other institutional investors also recently made changes to their positions in the company. Financial Partners Group Inc lifted its holdings in First Trust Municipal High Income ETF by 14.6% during the 4th quarter. Financial Partners Group Inc now owns 227,133 shares of the company’s stock worth $10,910,000 after purchasing an additional 28,880 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in First Trust Municipal High Income ETF by 81.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 48,517 shares of the company’s stock valued at $2,326,000 after purchasing an additional 21,741 shares during the period. RFG Advisory LLC grew its holdings in First Trust Municipal High Income ETF by 246.5% in the 4th quarter. RFG Advisory LLC now owns 34,599 shares of the company’s stock valued at $1,658,000 after buying an additional 24,615 shares in the last quarter. UBS Group AG grew its holdings in First Trust Municipal High Income ETF by 10.3% in the 4th quarter. UBS Group AG now owns 324,495 shares of the company’s stock valued at $15,554,000 after buying an additional 30,404 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in First Trust Municipal High Income ETF by 3.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,604,484 shares of the company’s stock valued at $76,993,000 after buying an additional 51,738 shares in the last quarter.

First Trust Municipal High Income ETF Trading Up 0.0%

FMHI stock opened at $48.28 on Monday. First Trust Municipal High Income ETF has a fifty-two week low of $45.83 and a fifty-two week high of $48.73. The business’s fifty day moving average price is $48.24 and its two-hundred day moving average price is $48.14.

First Trust Municipal High Income ETF Increases Dividend

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