Raymond James & Associates Has $6.38 Million Stock Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Raymond James & Associates boosted its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,197 shares of the company’s stock after purchasing an additional 1,086 shares during the quarter. Raymond James & Associates owned 0.86% of First Trust Municipal High Income ETF worth $6,382,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FMHI. Cornerstone Wealth Management LLC boosted its holdings in First Trust Municipal High Income ETF by 3.6% during the third quarter. Cornerstone Wealth Management LLC now owns 71,756 shares of the company’s stock valued at $3,545,000 after purchasing an additional 2,518 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of First Trust Municipal High Income ETF in the third quarter worth about $225,000. CWM LLC lifted its holdings in First Trust Municipal High Income ETF by 19.8% during the 3rd quarter. CWM LLC now owns 24,160 shares of the company’s stock worth $1,194,000 after buying an additional 3,991 shares in the last quarter. WealthCare Investment Partners LLC increased its position in First Trust Municipal High Income ETF by 2.3% in the third quarter. WealthCare Investment Partners LLC now owns 10,715 shares of the company’s stock worth $526,000 after purchasing an additional 242 shares during the period. Finally, Triton Wealth Management PLLC lifted its holdings in First Trust Municipal High Income ETF by 3.4% in the third quarter. Triton Wealth Management PLLC now owns 28,604 shares of the company’s stock valued at $1,413,000 after buying an additional 936 shares during the period.

First Trust Municipal High Income ETF Trading Down 0.1 %

Shares of NASDAQ:FMHI opened at $48.60 on Friday. First Trust Municipal High Income ETF has a fifty-two week low of $43.90 and a fifty-two week high of $49.51. The firm’s 50 day simple moving average is $49.13 and its 200 day simple moving average is $48.60.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were given a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Tuesday, October 22nd.

First Trust Municipal High Income ETF Company Profile

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.