16,983 Shares in First Trust Municipal High Income ETF $FMHI Bought by Schwallier Wealth Management LLC

Schwallier Wealth Management LLC acquired a new stake in 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 acquired 16,983 shares of the company’s stock, valued at approximately $762,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE boosted its position in First Trust Municipal High Income ETF by 23.7% during the first quarter. Bank of America Corp DE now owns 798,920 shares of the company’s stock worth $37,981,000 after purchasing an additional 153,170 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in First Trust Municipal High Income ETF by 11.0% in the first quarter. Meeder Advisory Services Inc. now owns 542,231 shares of the company’s stock valued at $25,778,000 after purchasing an additional 53,886 shares during the last quarter. Vise Technologies Inc. grew its holdings in First Trust Municipal High Income ETF by 34.4% in the third quarter. Vise Technologies Inc. now owns 534,854 shares of the company’s stock valued at $23,988,000 after purchasing an additional 136,836 shares during the last quarter. Cetera Investment Advisers grew its holdings in First Trust Municipal High Income ETF by 29.2% in the first quarter. Cetera Investment Advisers now owns 359,142 shares of the company’s stock valued at $17,074,000 after purchasing an additional 81,197 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in First Trust Municipal High Income ETF by 10.2% in the second quarter. NewEdge Advisors LLC now owns 296,778 shares of the company’s stock valued at $14,391,000 after purchasing an additional 27,555 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI stock opened at $46.75 on Thursday. First Trust Municipal High Income ETF has a fifty-two week low of $44.34 and a fifty-two week high of $48.73. The business has a fifty day simple moving average of $45.80 and a 200-day simple moving average of $47.49.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were given a $0.1790 dividend. The ex-dividend date was Wednesday, October 21st. This represents a $2.15 annualized dividend and a dividend yield of 4.6%.

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.