LPL Financial LLC Increases Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

LPL Financial LLC grew its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 984,276 shares of the company’s stock after buying an additional 90,504 shares during the period. LPL Financial LLC owned 6.29% of First Trust Municipal High Income ETF worth $47,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FMHI. Creative Financial Designs Inc. ADV boosted its stake in First Trust Municipal High Income ETF by 187.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 868 shares of the company’s stock worth $42,000 after acquiring an additional 566 shares in the last quarter. Duncker Streett & Co. Inc. bought a new stake in shares of First Trust Municipal High Income ETF in the 4th quarter worth approximately $67,000. Larson Financial Group LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the 3rd quarter worth approximately $92,000. Synergy Investment Management LLC bought a new position in First Trust Municipal High Income ETF during the 4th quarter valued at approximately $124,000. Finally, Silver Oak Securities Incorporated raised its stake in First Trust Municipal High Income ETF by 9.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after buying an additional 399 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

NASDAQ FMHI opened at $47.47 on Friday. First Trust Municipal High Income ETF has a 12 month low of $47.33 and a 12 month high of $49.51. The stock’s fifty day moving average price is $48.43 and its 200-day moving average price is $48.69.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, March 27th.

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.