Vestmark Advisory Solutions Inc. Acquires New Holdings in First Trust Municipal High Income ETF $FMHI

Vestmark Advisory Solutions Inc. bought a new position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,414 shares of the company’s stock, valued at approximately $1,065,000.

Several other institutional investors also recently modified their holdings of FMHI. Evolution Wealth Management Inc. bought a new position in shares of First Trust Municipal High Income ETF in the 2nd quarter valued at $27,000. Farther Finance Advisors LLC raised its position in First Trust Municipal High Income ETF by 21.3% in the third quarter. Farther Finance Advisors LLC now owns 1,207 shares of the company’s stock valued at $57,000 after purchasing an additional 212 shares during the last quarter. Clear Creek Financial Management LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the third quarter valued at about $200,000. Stratos Wealth Partners LTD. increased its stake in shares of First Trust Municipal High Income ETF by 8.6% in the third quarter. Stratos Wealth Partners LTD. now owns 5,642 shares of the company’s stock valued at $268,000 after buying an additional 447 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in First Trust Municipal High Income ETF in the 2nd quarter valued at approximately $295,000.

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI opened at $48.50 on Thursday. First Trust Municipal High Income ETF has a 1 year low of $44.80 and a 1 year high of $49.05. The business has a 50-day moving average of $48.12 and a 200-day moving average of $47.72.

First Trust Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a $0.175 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, February 20th. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

First Trust Municipal High Income ETF 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.