Socha Financial Group LLC Grows Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Socha Financial Group LLC raised its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,903 shares of the company’s stock after purchasing an additional 457 shares during the period. First Trust Municipal High Income ETF comprises about 0.4% of Socha Financial Group LLC’s investment portfolio, making the stock its 12th largest position. Socha Financial Group LLC’s holdings in First Trust Municipal High Income ETF were worth $854,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gradient Investments LLC lifted its holdings in First Trust Municipal High Income ETF by 397.6% in the 3rd quarter. Gradient Investments LLC now owns 1,020 shares of the company’s stock valued at $46,000 after purchasing an additional 815 shares in the last quarter. Tanglewood Legacy Advisors LLC lifted its holdings in First Trust Municipal High Income ETF by 110.0% in the 3rd quarter. Tanglewood Legacy Advisors LLC now owns 2,100 shares of the company’s stock valued at $95,000 after purchasing an additional 1,100 shares in the last quarter. Private Trust Co. NA lifted its holdings in First Trust Municipal High Income ETF by 279.6% in the 3rd quarter. Private Trust Co. NA now owns 3,170 shares of the company’s stock valued at $143,000 after purchasing an additional 2,335 shares in the last quarter. Key Financial Inc purchased a new position in First Trust Municipal High Income ETF in the 4th quarter valued at about $209,000. Finally, Eudaimonia Advisors LLC purchased a new position in First Trust Municipal High Income ETF in the 4th quarter valued at about $234,000.

First Trust Municipal High Income ETF Price Performance

NASDAQ:FMHI traded down $0.16 on Tuesday, reaching $47.54. The stock had a trading volume of 44,100 shares, compared to its average volume of 71,455. The firm’s fifty day moving average is $47.94 and its two-hundred day moving average is $46.97. First Trust Municipal High Income ETF has a 12-month low of $43.88 and a 12-month high of $48.37.

First Trust Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $0.159 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Tuesday, April 23rd.

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.