Principle Wealth Partners LLC Makes New $8.07 Million Investment in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Principle Wealth Partners LLC acquired a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 169,293 shares of the company’s stock, valued at approximately $8,072,000. Principle Wealth Partners LLC owned about 1.52% of First Trust Municipal High Income ETF at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FMHI. Gradient Investments LLC increased its position in shares of First Trust Municipal High Income ETF by 397.6% during the 3rd quarter. Gradient Investments LLC now owns 1,020 shares of the company’s stock valued at $46,000 after purchasing an additional 815 shares during the last quarter. Private Trust Co. NA increased its position in shares of First Trust Municipal High Income ETF by 279.6% during the 3rd quarter. Private Trust Co. NA now owns 3,170 shares of the company’s stock valued at $143,000 after purchasing an additional 2,335 shares during the last quarter. Key Financial Inc bought a new position in shares of First Trust Municipal High Income ETF during the 4th quarter valued at approximately $209,000. Eudaimonia Advisors LLC bought a new position in shares of First Trust Municipal High Income ETF during the 4th quarter valued at approximately $234,000. Finally, Econ Financial Services Corp bought a new position in shares of First Trust Municipal High Income ETF during the 3rd quarter valued at approximately $268,000.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ FMHI traded up $0.06 during trading hours on Friday, hitting $47.46. 43,007 shares of the company traded hands, compared to its average volume of 70,532. The company’s 50 day moving average price is $47.92 and its 200 day moving average price is $47.02. First Trust Municipal High Income ETF has a 12 month low of $43.88 and a 12 month high of $48.37.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th will be issued a dividend of $0.159 per share. This represents a $1.91 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Tuesday, April 23rd.

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.