D.A. Davidson & CO. Raises Stock Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

D.A. Davidson & CO. grew its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 22.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,583 shares of the company’s stock after buying an additional 7,933 shares during the quarter. D.A. Davidson & CO.’s holdings in First Trust Municipal High Income ETF were worth $2,153,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of First Trust Municipal High Income ETF by 561.0% during the second quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock worth $9,109,000 after purchasing an additional 159,987 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust Municipal High Income ETF by 585.7% in the first quarter. Cetera Investment Advisers now owns 145,955 shares of the company’s stock worth $7,032,000 after acquiring an additional 124,671 shares during the last quarter. Jane Street Group LLC increased its position in shares of First Trust Municipal High Income ETF by 881.4% during the first quarter. Jane Street Group LLC now owns 107,345 shares of the company’s stock worth $5,172,000 after purchasing an additional 96,407 shares in the last quarter. Meeder Advisory Services Inc. acquired a new position in First Trust Municipal High Income ETF in the 2nd quarter valued at $4,024,000. Finally, Atlas Private Wealth Advisors lifted its holdings in First Trust Municipal High Income ETF by 93.3% in the 2nd quarter. Atlas Private Wealth Advisors now owns 160,702 shares of the company’s stock valued at $7,765,000 after purchasing an additional 77,560 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

FMHI opened at $49.18 on Friday. The firm’s 50-day moving average price is $48.97 and its 200 day moving average price is $48.76. First Trust Municipal High Income ETF has a twelve month low of $46.12 and a twelve month high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were issued a $0.163 dividend. The ex-dividend date was Thursday, November 21st. This represents a $1.96 annualized dividend and a dividend yield of 3.98%.

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.