First Trust Municipal High Income ETF $FMHI Shares Bought by Osaic Holdings Inc.

Osaic Holdings Inc. boosted its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 20.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,231 shares of the company’s stock after purchasing an additional 21,189 shares during the quarter. Osaic Holdings Inc. owned approximately 0.78% of First Trust Municipal High Income ETF worth $5,895,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Evolution Wealth Management Inc. purchased a new position in shares of First Trust Municipal High Income ETF during the 2nd quarter valued at approximately $27,000. Invictus Private Wealth LLC acquired a new position in First Trust Municipal High Income ETF during the second quarter worth $218,000. Total Clarity Wealth Management Inc. purchased a new position in First Trust Municipal High Income ETF during the second quarter valued at $234,000. Stratos Wealth Partners LTD. lifted its holdings in First Trust Municipal High Income ETF by 17.7% during the second quarter. Stratos Wealth Partners LTD. now owns 5,195 shares of the company’s stock valued at $243,000 after purchasing an additional 780 shares in the last quarter. Finally, Landmark Wealth Management LLC grew its position in shares of First Trust Municipal High Income ETF by 4.2% in the second quarter. Landmark Wealth Management LLC now owns 5,585 shares of the company’s stock valued at $261,000 after purchasing an additional 224 shares during the period.

First Trust Municipal High Income ETF Price Performance

FMHI stock opened at $47.81 on Tuesday. First Trust Municipal High Income ETF has a 52 week low of $44.80 and a 52 week high of $49.05. The firm has a 50-day simple moving average of $47.97 and a 200-day simple moving average of $47.17.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a dividend of $0.169 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, December 12th.

First Trust Municipal High Income ETF 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.