Retirement Planning Group LLC Purchases 18,890 Shares of First Trust Municipal High Income ETF $FMHI

Retirement Planning Group LLC bought a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 18,890 shares of the company’s stock, valued at approximately $847,000. Retirement Planning Group LLC owned approximately 0.08% of First Trust Municipal High Income ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FMHI. Bank of America Corp DE lifted its position in shares of First Trust Municipal High Income ETF by 23.7% during the first quarter. Bank of America Corp DE now owns 798,920 shares of the company’s stock valued at $37,981,000 after purchasing an additional 153,170 shares in the last quarter. Meeder Advisory Services Inc. boosted its holdings in First Trust Municipal High Income ETF by 11.0% during the first quarter. Meeder Advisory Services Inc. now owns 542,231 shares of the company’s stock worth $25,778,000 after purchasing an additional 53,886 shares during the last quarter. Cetera Investment Advisers grew its position in First Trust Municipal High Income ETF by 29.2% in the 1st quarter. Cetera Investment Advisers now owns 359,142 shares of the company’s stock worth $17,074,000 after purchasing an additional 81,197 shares in the last quarter. NewEdge Advisors LLC grew its position in First Trust Municipal High Income ETF by 10.2% in the 2nd quarter. NewEdge Advisors LLC now owns 296,778 shares of the company’s stock worth $14,391,000 after purchasing an additional 27,555 shares in the last quarter. Finally, Ashton Thomas Securities LLC grew its position in First Trust Municipal High Income ETF by 6.9% in the 1st quarter. Ashton Thomas Securities LLC now owns 146,300 shares of the company’s stock worth $6,955,000 after purchasing an additional 9,422 shares in the last quarter.

First Trust Municipal High Income ETF Stock Down 0.2%

FMHI stock opened at $45.38 on Thursday. The business has a 50 day moving average of $46.15 and a 200-day moving average of $47.42. First Trust Municipal High Income ETF has a 12-month low of $44.34 and a 12-month high of $48.73.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be issued a dividend of $0.1790 per share. This represents a $2.15 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Wednesday, October 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.