International Assets Investment Management LLC Grows Position in First Trust Municipal High Income ETF $FMHI

International Assets Investment Management LLC lifted its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 501.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 61,087 shares of the company’s stock after buying an additional 50,930 shares during the quarter. International Assets Investment Management LLC’s holdings in First Trust Municipal High Income ETF were worth $2,928,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of 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 worth $57,000 after buying an additional 212 shares in the last quarter. Advyzon Investment Management LLC increased its position in First Trust Municipal High Income ETF by 2.3% in the third quarter. Advyzon Investment Management LLC now owns 9,783 shares of the company’s stock worth $465,000 after purchasing an additional 223 shares during the last quarter. Arbor Capital Management Inc. ADV increased its position in First Trust Municipal High Income ETF by 1.7% in the third quarter. Arbor Capital Management Inc. ADV now owns 15,578 shares of the company’s stock worth $740,000 after purchasing an additional 257 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in First Trust Municipal High Income ETF by 4.7% in the second quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock worth $382,000 after purchasing an additional 365 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in First Trust Municipal High Income ETF by 0.5% in the third quarter. Envestnet Asset Management Inc. now owns 71,188 shares of the company’s stock worth $3,382,000 after purchasing an additional 379 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI opened at $48.15 on Friday. The company’s fifty day moving average is $48.02 and its 200 day moving average is $48.04. First Trust Municipal High Income ETF has a fifty-two week low of $45.83 and a fifty-two week high of $48.73.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were given a $0.175 dividend. The ex-dividend date was Tuesday, April 21st.

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.