AdvisorNet Financial Inc Boosts Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

AdvisorNet Financial Inc raised its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 4.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,699 shares of the company’s stock after acquiring an additional 481 shares during the quarter. AdvisorNet Financial Inc’s holdings in First Trust Municipal High Income ETF were worth $565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FMHI. Larson Financial Group LLC purchased a new stake in shares of First Trust Municipal High Income ETF during the third quarter valued at $92,000. Farmers & Merchants Investments Inc. bought a new stake in First Trust Municipal High Income ETF during the 3rd quarter valued at about $109,000. Mach 1 Financial Group LLC purchased a new stake in First Trust Municipal High Income ETF in the 3rd quarter valued at about $204,000. SeaCrest Wealth Management LLC bought a new position in First Trust Municipal High Income ETF in the 3rd quarter worth about $225,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of First Trust Municipal High Income ETF during the second quarter worth approximately $279,000.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ:FMHI opened at $48.13 on Thursday. The business’s 50 day moving average is $48.61 and its 200 day moving average is $48.85. First Trust Municipal High Income ETF has a 52-week low of $47.14 and a 52-week high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a yield of 4.06%. The ex-dividend date was Friday, December 13th.

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.