NewEdge Advisors LLC Has $14.39 Million Stock Position in First Trust Municipal High Income ETF $FMHI

NewEdge Advisors LLC boosted its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 10.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 296,778 shares of the company’s stock after buying an additional 27,555 shares during the period. NewEdge Advisors LLC owned about 1.42% of First Trust Municipal High Income ETF worth $14,391,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC purchased a new position in shares of First Trust Municipal High Income ETF during the first quarter valued at $377,000. Baird Financial Group Inc. lifted its stake in First Trust Municipal High Income ETF by 7.6% in the 2nd quarter. Baird Financial Group Inc. now owns 6,400 shares of the company’s stock worth $299,000 after acquiring an additional 450 shares in the last quarter. Jane Street Group LLC boosted its position in 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 worth $6,119,000 after acquiring an additional 117,782 shares during the period. MML Investors Services LLC boosted its position in First Trust Municipal High Income ETF by 1.4% during the 2nd quarter. MML Investors Services LLC now owns 101,612 shares of the company’s stock worth $4,745,000 after acquiring an additional 1,414 shares during the period. Finally, Orion Porfolio Solutions LLC grew its stake in First Trust Municipal High Income ETF by 4.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock valued at $382,000 after acquiring an additional 365 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

FMHI stock opened at $46.35 on Friday. The firm has a 50 day simple moving average of $47.63 and a 200 day simple moving average of $47.95. First Trust Municipal High Income ETF has a 52 week low of $46.03 and a 52 week high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were given a $0.178 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Friday, August 21st. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.18.

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.