Vise Technologies Inc. Acquires 69,545 Shares of First Trust Municipal High Income ETF $FMHI

Vise Technologies Inc. increased its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 147.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 116,797 shares of the company’s stock after buying an additional 69,545 shares during the quarter. Vise Technologies Inc. owned 0.62% of First Trust Municipal High Income ETF worth $5,599,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC increased its holdings in First Trust Municipal High Income ETF by 888.7% in the 2nd quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock worth $6,119,000 after purchasing an additional 117,782 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased 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 worth $76,993,000 after purchasing an additional 51,738 shares in the last quarter. International Assets Investment Management LLC increased its holdings in First Trust Municipal High Income ETF by 501.4% in the 4th quarter. International Assets Investment Management LLC now owns 61,087 shares of the company’s stock worth $2,928,000 after purchasing an additional 50,930 shares in the last quarter. UBS Group AG increased 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 worth $15,554,000 after purchasing an additional 30,404 shares in the last quarter. Finally, Financial Partners Group Inc increased its holdings in First Trust Municipal High Income ETF by 14.6% in 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 in the last quarter.

First Trust Municipal High Income ETF Stock Down 0.1%

Shares of FMHI opened at $48.29 on Friday. First Trust Municipal High Income ETF has a 12-month low of $45.83 and a 12-month high of $48.73. The business has a 50-day simple moving average of $47.97 and a two-hundred day simple moving average of $48.03.

First Trust Municipal High Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were issued a $0.176 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This is a boost from First Trust Municipal High Income ETF’s previous dividend of $0.18.

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.