Envestnet Asset Management Inc. Grows Stock Holdings in First Trust Municipal High Income ETF $FMHI

Envestnet Asset Management Inc. boosted its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,809 shares of the company’s stock after purchasing an additional 1,561 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.44% of First Trust Municipal High Income ETF worth $3,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of FMHI. Kestra Private Wealth Services LLC raised its holdings in shares of First Trust Municipal High Income ETF by 39.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 28,953 shares of the company’s stock valued at $1,384,000 after buying an additional 8,161 shares during the period. Ashton Thomas Securities LLC raised its stake in shares of First Trust Municipal High Income ETF by 139.5% during the second quarter. Ashton Thomas Securities LLC now owns 48,416 shares of the company’s stock valued at $2,261,000 after purchasing an additional 28,201 shares during the period. International Assets Investment Management LLC lifted its position in shares of First Trust Municipal High Income ETF by 20.1% during the second quarter. International Assets Investment Management LLC now owns 10,157 shares of the company’s stock worth $474,000 after purchasing an additional 1,700 shares in the last quarter. Financial Partners Group Inc lifted its position in shares of First Trust Municipal High Income ETF by 2.6% during the first quarter. Financial Partners Group Inc now owns 251,112 shares of the company’s stock worth $12,004,000 after purchasing an additional 6,286 shares in the last quarter. Finally, MBL Wealth LLC boosted its stake in shares of First Trust Municipal High Income ETF by 0.9% in the second quarter. MBL Wealth LLC now owns 72,600 shares of the company’s stock valued at $3,390,000 after purchasing an additional 645 shares during the period.

First Trust Municipal High Income ETF Stock Down 0.2%

FMHI opened at $47.94 on Friday. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.40. The company has a fifty day simple moving average of $47.81 and a 200 day simple moving average of $46.96.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were given a dividend of $0.169 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, October 21st.

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.