Summit Wealth Partners LLC Has $572,000 Stake in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Summit Wealth Partners LLC raised its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,848 shares of the company’s stock after purchasing an additional 620 shares during the quarter. Summit Wealth Partners LLC owned 0.09% of First Trust Municipal High Income ETF worth $572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of FMHI. WealthCare Investment Partners LLC bought a new position in First Trust Municipal High Income ETF in the 1st quarter valued at $376,000. Traction Financial Partners LLC bought a new position in First Trust Municipal High Income ETF during the fourth quarter valued at about $1,004,000. Envestnet Portfolio Solutions Inc. increased its holdings in First Trust Municipal High Income ETF by 11.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,353 shares of the company’s stock worth $500,000 after buying an additional 1,024 shares during the last quarter. GSG Advisors LLC boosted its stake in First Trust Municipal High Income ETF by 37.3% in the first quarter. GSG Advisors LLC now owns 39,129 shares of the company’s stock valued at $1,871,000 after acquiring an additional 10,639 shares during the last quarter. Finally, Creekmur Asset Management LLC bought a new position in shares of First Trust Municipal High Income ETF during the 4th quarter valued at approximately $53,000.

First Trust Municipal High Income ETF Stock Up 0.1 %

NASDAQ:FMHI opened at $49.47 on Wednesday. First Trust Municipal High Income ETF has a 12 month low of $43.88 and a 12 month high of $49.51. The firm’s 50 day moving average is $49.09 and its 200 day moving average is $48.44.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Thursday, September 26th.

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.