Synergy Investment Management LLC Acquires New Stake in First Trust Municipal High Income ETF $FMHI

Synergy Investment Management LLC bought a new position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,975 shares of the company’s stock, valued at approximately $1,329,000. Synergy Investment Management LLC owned about 0.16% of First Trust Municipal High Income ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of First Trust Municipal High Income ETF by 5.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,552,746 shares of the company’s stock valued at $73,833,000 after buying an additional 84,303 shares during the period. Meeder Advisory Services Inc. lifted its stake in shares of First Trust Municipal High Income ETF by 13.6% in the third quarter. Meeder Advisory Services Inc. now owns 449,655 shares of the company’s stock worth $21,363,000 after acquiring an additional 53,675 shares during the period. NewEdge Advisors LLC boosted its holdings in First Trust Municipal High Income ETF by 13.8% in the second quarter. NewEdge Advisors LLC now owns 271,231 shares of the company’s stock valued at $12,667,000 after acquiring an additional 32,887 shares during the last quarter. SlateStone Wealth LLC increased its position in First Trust Municipal High Income ETF by 10.6% during the 2nd quarter. SlateStone Wealth LLC now owns 257,873 shares of the company’s stock valued at $12,043,000 after purchasing an additional 24,795 shares during the period. Finally, Manhattan West Asset Management LLC increased its position in First Trust Municipal High Income ETF by 6.7% during the 2nd quarter. Manhattan West Asset Management LLC now owns 206,049 shares of the company’s stock valued at $9,623,000 after purchasing an additional 12,973 shares during the period.

First Trust Municipal High Income ETF Stock Performance

First Trust Municipal High Income ETF stock opened at $48.49 on Thursday. First Trust Municipal High Income ETF has a 52-week low of $44.80 and a 52-week high of $49.05. The firm has a 50 day moving average price of $48.05 and a two-hundred day moving average price of $47.65.

First Trust Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were paid a dividend of $0.174 per share. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Wednesday, January 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.