Fifth Third Bancorp Makes New $787,000 Investment in First Trust Municipal High Income ETF $FMHI

Fifth Third Bancorp bought a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,564 shares of the company’s stock, valued at approximately $787,000.

A number of other institutional investors have also modified their holdings of FMHI. Financial Partners Group Inc lifted its holdings in shares of First Trust Municipal High Income ETF by 14.6% during the fourth quarter. Financial Partners Group Inc now owns 227,133 shares of the company’s stock worth $10,910,000 after purchasing an additional 28,880 shares during the period. Oppenheimer & Co. Inc. increased its stake in First Trust Municipal High Income ETF by 81.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 48,517 shares of the company’s stock valued at $2,326,000 after buying an additional 21,741 shares during the period. RFG Advisory LLC raised its position in First Trust Municipal High Income ETF by 246.5% during the 4th quarter. RFG Advisory LLC now owns 34,599 shares of the company’s stock worth $1,658,000 after buying an additional 24,615 shares during the last quarter. UBS Group AG raised its position in First Trust Municipal High Income ETF by 10.3% during the 4th quarter. UBS Group AG now owns 324,495 shares of the company’s stock worth $15,554,000 after buying an additional 30,404 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in First Trust Municipal High Income ETF by 501.4% during the 4th quarter. International Assets Investment Management LLC now owns 61,087 shares of the company’s stock worth $2,928,000 after buying an additional 50,930 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

FMHI stock opened at $47.74 on Tuesday. The company has a fifty day moving average of $48.22 and a 200-day moving average of $48.14. First Trust Municipal High Income ETF has a one year low of $45.85 and a one year high of $48.73.

First Trust Municipal High Income ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be issued a dividend of $0.177 per share. The ex-dividend date of this dividend is Tuesday, July 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.