Orion Portfolio Solutions LLC Has $935,000 Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Orion Portfolio Solutions LLC increased its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 38.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,918 shares of the company’s stock after buying an additional 5,269 shares during the quarter. Orion Portfolio Solutions LLC owned 0.12% of First Trust Municipal High Income ETF worth $935,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its position in First Trust Municipal High Income ETF by 93.4% in the third quarter. Jane Street Group LLC now owns 66,694 shares of the company’s stock worth $3,295,000 after purchasing an additional 32,213 shares during the period. Stifel Financial Corp lifted its holdings in shares of First Trust Municipal High Income ETF by 244.8% during the 3rd quarter. Stifel Financial Corp now owns 21,154 shares of the company’s stock worth $1,045,000 after acquiring an additional 15,019 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of First Trust Municipal High Income ETF by 3.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,063 shares of the company’s stock valued at $448,000 after acquiring an additional 302 shares in the last quarter. HighTower Advisors LLC increased its stake in First Trust Municipal High Income ETF by 186.1% in the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock valued at $8,513,000 after acquiring an additional 112,110 shares during the period. Finally, Benjamin Edwards Inc. raised its position in First Trust Municipal High Income ETF by 293.3% in the third quarter. Benjamin Edwards Inc. now owns 7,531 shares of the company’s stock worth $372,000 after purchasing an additional 5,616 shares in the last quarter.

First Trust Municipal High Income ETF Trading Down 0.3 %

FMHI stock opened at $48.72 on Monday. First Trust Municipal High Income ETF has a 1-year low of $47.14 and a 1-year high of $49.51. The business’s 50 day moving average is $48.92 and its 200-day moving average is $48.86.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Friday, December 13th.

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.