ShoreHaven Wealth Partners LLC Buys 19,644 Shares of First Trust Municipal High Income ETF $FMHI

ShoreHaven Wealth Partners LLC lifted its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 75.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,541 shares of the company’s stock after buying an additional 19,644 shares during the period. First Trust Municipal High Income ETF comprises about 0.8% of ShoreHaven Wealth Partners LLC’s holdings, making the stock its 29th largest position. ShoreHaven Wealth Partners LLC owned approximately 0.26% of First Trust Municipal High Income ETF worth $2,164,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Evolution Wealth Management Inc. bought a new position in First Trust Municipal High Income ETF during the 2nd quarter valued at $27,000. Farther Finance Advisors LLC lifted its position in shares of First Trust Municipal High Income ETF by 21.3% during the third quarter. Farther Finance Advisors LLC now owns 1,207 shares of the company’s stock valued at $57,000 after purchasing an additional 212 shares in the last quarter. Invictus Private Wealth LLC purchased a new position in First Trust Municipal High Income ETF during the second quarter worth about $218,000. Total Clarity Wealth Management Inc. bought a new stake in First Trust Municipal High Income ETF in the 2nd quarter worth about $234,000. Finally, Stratos Wealth Partners LTD. increased its stake in First Trust Municipal High Income ETF by 17.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 5,195 shares of the company’s stock valued at $243,000 after buying an additional 780 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ FMHI opened at $48.18 on Thursday. The stock’s 50 day moving average price is $47.93 and its 200-day moving average price is $47.28. 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 Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.169 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, December 12th.

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.