Signal Advisors Wealth LLC Takes $1.21 Million Position in First Trust Municipal High Income ETF $FMHI

Signal Advisors Wealth LLC bought a new position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,392 shares of the company’s stock, valued at approximately $1,207,000. Signal Advisors Wealth LLC owned approximately 0.13% of First Trust Municipal High Income ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Camelot Portfolios LLC acquired a new position in First Trust Municipal High Income ETF during the 4th quarter valued at about $96,000. Hughes Financial Services LLC boosted its position in shares of First Trust Municipal High Income ETF by 25.7% during the third quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock valued at $148,000 after buying an additional 629 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of First Trust Municipal High Income ETF by 243.8% during the fourth quarter. CoreCap Advisors LLC now owns 3,792 shares of the company’s stock valued at $182,000 after buying an additional 2,689 shares during the last quarter. Clear Creek Financial Management LLC bought a new stake in First Trust Municipal High Income ETF during the third quarter worth $200,000. Finally, FSB Premier Wealth Management Inc. grew its holdings in First Trust Municipal High Income ETF by 14.2% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 4,888 shares of the company’s stock worth $234,000 after buying an additional 608 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ:FMHI opened at $48.44 on Wednesday. The stock’s fifty day simple moving average is $48.13 and its two-hundred day simple moving average is $48.06. First Trust Municipal High Income ETF has a 1-year low of $45.83 and a 1-year high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a $0.176 dividend. This is an increase from First Trust Municipal High Income ETF’s previous dividend of $0.17. The ex-dividend date was Thursday, May 21st.

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.