Plan Group Financial LLC Purchases 27,336 Shares of First Trust Municipal High Income ETF $FMHI

Plan Group Financial LLC grew its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 83.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,083 shares of the company’s stock after purchasing an additional 27,336 shares during the period. Plan Group Financial LLC’s holdings in First Trust Municipal High Income ETF were worth $2,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FMHI. Wealth Enhancement Advisory Services LLC grew its position in First Trust Municipal High Income ETF by 12.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,468,443 shares of the company’s stock worth $68,708,000 after buying an additional 165,191 shares in the last quarter. Jane Street Group LLC boosted its position in shares of First Trust Municipal High Income ETF by 888.7% during the 2nd quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock valued at $6,119,000 after acquiring an additional 117,782 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of First Trust Municipal High Income ETF during the second quarter worth about $3,966,000. Vise Technologies Inc. bought a new position in shares of First Trust Municipal High Income ETF in the second quarter worth approximately $3,021,000. Finally, AJ Advisors LLC bought a new position in shares of First Trust Municipal High Income ETF in the second quarter worth approximately $2,760,000.

First Trust Municipal High Income ETF Stock Up 0.0%

Shares of FMHI opened at $48.16 on Wednesday. First Trust Municipal High Income ETF has a 1-year low of $44.80 and a 1-year high of $49.05. The firm’s 50 day simple moving average is $47.94 and its 200 day simple moving average is $47.32.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.169 per share. The ex-dividend date was Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 4.2%.

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.