Wealth Enhancement Advisory Services LLC Acquires 84,303 Shares of First Trust Municipal High Income ETF $FMHI

Wealth Enhancement Advisory Services LLC grew its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,552,746 shares of the company’s stock after buying an additional 84,303 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 8.92% of First Trust Municipal High Income ETF worth $73,833,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FMHI. AQR Capital Management LLC bought a new position in First Trust Municipal High Income ETF in the first quarter valued at approximately $377,000. Sowell Financial Services LLC raised its position in First Trust Municipal High Income ETF by 0.7% during the second quarter. Sowell Financial Services LLC now owns 31,853 shares of the company’s stock worth $1,488,000 after acquiring an additional 233 shares in the last quarter. Boyce & Associates Wealth Consulting Inc. lifted its stake in First Trust Municipal High Income ETF by 25.3% in the second quarter. Boyce & Associates Wealth Consulting Inc. now owns 20,615 shares of the company’s stock valued at $963,000 after acquiring an additional 4,169 shares during the last quarter. EWG Elevate Inc. bought a new position in shares of First Trust Municipal High Income ETF in the 2nd quarter valued at about $2,148,000. Finally, Truist Financial Corp raised its holdings in shares of First Trust Municipal High Income ETF by 24.1% in the 2nd quarter. Truist Financial Corp now owns 42,212 shares of the company’s stock valued at $1,971,000 after purchasing an additional 8,208 shares during the period.

First Trust Municipal High Income ETF Stock Down 0.4%

Shares of FMHI stock traded down $0.22 during trading on Tuesday, reaching $47.98. 11,423 shares of the company’s stock were exchanged, compared to its average volume of 107,936. The firm’s fifty day moving average price is $47.96 and its 200-day moving average price is $47.37. 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 Dividend Announcement

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

About First Trust Municipal High Income ETF

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.