Stifel Financial Corp Grows Stake in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Stifel Financial Corp grew its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 244.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,154 shares of the company’s stock after buying an additional 15,019 shares during the quarter. Stifel Financial Corp owned 0.14% of First Trust Municipal High Income ETF worth $1,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FMHI. Benjamin Edwards Inc. lifted its stake in First Trust Municipal High Income ETF by 293.3% in the third quarter. Benjamin Edwards Inc. now owns 7,531 shares of the company’s stock worth $372,000 after acquiring an additional 5,616 shares during the period. HighTower Advisors LLC lifted its position in shares of First Trust Municipal High Income ETF by 186.1% in the 3rd quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock worth $8,513,000 after purchasing an additional 112,110 shares during the period. Summit Wealth Partners LLC boosted its stake in shares of First Trust Municipal High Income ETF by 5.5% during the second quarter. Summit Wealth Partners LLC now owns 11,848 shares of the company’s stock valued at $572,000 after purchasing an additional 620 shares in the last quarter. D.A. Davidson & CO. increased its holdings in First Trust Municipal High Income ETF by 22.3% during the third quarter. D.A. Davidson & CO. now owns 43,583 shares of the company’s stock valued at $2,153,000 after buying an additional 7,933 shares during the period. Finally, Ameritas Advisory Services LLC raised its stake in First Trust Municipal High Income ETF by 6.7% in the second quarter. Ameritas Advisory Services LLC now owns 7,615 shares of the company’s stock worth $368,000 after buying an additional 480 shares in the last quarter.

First Trust Municipal High Income ETF Stock Down 0.3 %

Shares of NASDAQ FMHI opened at $48.05 on Tuesday. First Trust Municipal High Income ETF has a 12-month low of $47.14 and a 12-month high of $49.51. The stock’s fifty day simple moving average is $48.82 and its two-hundred day simple moving average is $48.88.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.163 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 4.07%.

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.