Great Valley Advisor Group Inc. Purchases 2,676 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Great Valley Advisor Group Inc. boosted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 16.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,430 shares of the company’s stock after purchasing an additional 2,676 shares during the quarter. Great Valley Advisor Group Inc. owned about 0.15% of First Trust Municipal High Income ETF worth $939,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FMHI. Principal Securities Inc. bought a new stake in shares of First Trust Municipal High Income ETF in the fourth quarter valued at about $48,000. Creekmur Asset Management LLC acquired a new stake in shares of First Trust Municipal High Income ETF in the fourth quarter valued at approximately $53,000. Westside Investment Management Inc. boosted its stake in shares of First Trust Municipal High Income ETF by 66.7% in the first quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock valued at $120,000 after buying an additional 1,000 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in First Trust Municipal High Income ETF during the fourth quarter worth approximately $200,000. Finally, Key Financial Inc acquired a new position in First Trust Municipal High Income ETF in the 4th quarter valued at $209,000.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ:FMHI traded down $0.01 during trading on Wednesday, reaching $49.13. 11,500 shares of the company traded hands, compared to its average volume of 62,692. First Trust Municipal High Income ETF has a 52 week low of $43.88 and a 52 week high of $49.47. The company’s 50 day moving average is $48.64 and its two-hundred day moving average is $48.14.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd were given a dividend of $0.163 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.96 annualized dividend and a yield of 3.98%.

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.