97,019 Shares in First Trust Municipal High Income ETF (NASDAQ:FMHI) Purchased by Hughes Financial Services LLC

Hughes Financial Services LLC purchased a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 97,019 shares of the company’s stock, valued at approximately $4,685,000. First Trust Municipal High Income ETF makes up 1.0% of Hughes Financial Services LLC’s portfolio, making the stock its 18th biggest holding. Hughes Financial Services LLC owned about 0.62% of First Trust Municipal High Income ETF as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Duncker Streett & Co. Inc. bought a new position in shares of First Trust Municipal High Income ETF in the 4th quarter worth about $67,000. Larson Financial Group LLC purchased a new stake in First Trust Municipal High Income ETF during the 3rd quarter valued at about $92,000. Synergy Investment Management LLC purchased a new stake in First Trust Municipal High Income ETF during the 4th quarter valued at about $124,000. Silver Oak Securities Incorporated grew its position in First Trust Municipal High Income ETF by 9.4% during the 4th quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after purchasing an additional 399 shares during the last quarter. Finally, Private Trust Co. NA grew its position in First Trust Municipal High Income ETF by 16.0% during the 4th quarter. Private Trust Co. NA now owns 4,930 shares of the company’s stock valued at $238,000 after purchasing an additional 680 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

Shares of FMHI stock opened at $48.27 on Friday. First Trust Municipal High Income ETF has a one year low of $47.33 and a one year high of $49.51. The company’s 50-day moving average is $48.44 and its 200 day moving average is $48.76.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Friday, February 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.