Truist Financial Corp Grows Stock Holdings in First Trust Municipal High Income ETF $FMHI

Truist Financial Corp boosted its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 36.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,625 shares of the company’s stock after buying an additional 15,413 shares during the quarter. Truist Financial Corp’s holdings in First Trust Municipal High Income ETF were worth $2,738,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FMHI. OneAscent Financial Services LLC lifted its holdings in First Trust Municipal High Income ETF by 6.3% during the 3rd quarter. OneAscent Financial Services LLC now owns 12,937 shares of the company’s stock worth $615,000 after buying an additional 762 shares during the last quarter. Dynasty Wealth Management LLC lifted its stake in First Trust Municipal High Income ETF by 22.0% during the third quarter. Dynasty Wealth Management LLC now owns 11,284 shares of the company’s stock worth $536,000 after purchasing an additional 2,038 shares during the last quarter. Stewardship Advisors LLC boosted its holdings in First Trust Municipal High Income ETF by 6.0% in the third quarter. Stewardship Advisors LLC now owns 76,848 shares of the company’s stock valued at $3,651,000 after purchasing an additional 4,365 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in First Trust Municipal High Income ETF by 5.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,552,746 shares of the company’s stock valued at $73,833,000 after purchasing an additional 84,303 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in First Trust Municipal High Income ETF during the third quarter worth approximately $2,865,000.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ:FMHI opened at $48.22 on Friday. The firm has a 50 day simple moving average of $47.96 and a 200-day simple moving average of $47.50. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.05.

First Trust Municipal High Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were paid a $0.174 dividend. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date was Wednesday, January 21st.

First Trust Municipal High Income ETF Company 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.