Key Financial Inc Takes $209,000 Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Key Financial Inc acquired a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,375 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FMHI. Bank of America Corp DE boosted its holdings in First Trust Municipal High Income ETF by 170.3% in the first quarter. Bank of America Corp DE now owns 562,068 shares of the company’s stock valued at $26,355,000 after acquiring an additional 354,121 shares during the last quarter. LPL Financial LLC boosted its holdings in First Trust Municipal High Income ETF by 6.6% in the third quarter. LPL Financial LLC now owns 527,668 shares of the company’s stock valued at $23,782,000 after acquiring an additional 32,483 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust Municipal High Income ETF by 28.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 367,925 shares of the company’s stock valued at $17,543,000 after acquiring an additional 82,434 shares during the last quarter. Jane Street Group LLC boosted its holdings in First Trust Municipal High Income ETF by 271.0% in the fourth quarter. Jane Street Group LLC now owns 227,383 shares of the company’s stock valued at $10,526,000 after acquiring an additional 166,090 shares during the last quarter. Finally, Crumly & Associates Inc. boosted its holdings in First Trust Municipal High Income ETF by 259.6% in the fourth quarter. Crumly & Associates Inc. now owns 207,661 shares of the company’s stock valued at $9,901,000 after acquiring an additional 149,917 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

FMHI stock traded up $0.02 during trading on Wednesday, hitting $47.64. The company had a trading volume of 35,867 shares, compared to its average volume of 71,704. The business has a 50-day moving average of $47.94 and a 200-day moving average of $46.89. First Trust Municipal High Income ETF has a one year low of $43.88 and a one year high of $48.37.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.159 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.01%. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.16. The ex-dividend date was Thursday, March 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.