Cwm LLC Raises Stock Holdings in First Trust Municipal High Income ETF $FMHI

Cwm LLC boosted its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 17.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 112,448 shares of the company’s stock after purchasing an additional 17,062 shares during the quarter. Cwm LLC’s holdings in First Trust Municipal High Income ETF were worth $5,342,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in FMHI. Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Trust Municipal High Income ETF by 12.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,468,443 shares of the company’s stock valued at $68,708,000 after buying an additional 165,191 shares during the last quarter. NewEdge Advisors LLC raised its holdings in First Trust Municipal High Income ETF by 13.8% in the second quarter. NewEdge Advisors LLC now owns 271,231 shares of the company’s stock valued at $12,667,000 after acquiring an additional 32,887 shares in the last quarter. SlateStone Wealth LLC boosted its stake in First Trust Municipal High Income ETF by 10.6% during the 2nd quarter. SlateStone Wealth LLC now owns 257,873 shares of the company’s stock valued at $12,043,000 after acquiring an additional 24,795 shares during the last quarter. Manhattan West Asset Management LLC boosted its stake in First Trust Municipal High Income ETF by 6.7% during the 2nd quarter. Manhattan West Asset Management LLC now owns 206,049 shares of the company’s stock valued at $9,623,000 after acquiring an additional 12,973 shares during the last quarter. Finally, EnRich Financial Partners LLC grew its holdings in First Trust Municipal High Income ETF by 1.7% during the 2nd quarter. EnRich Financial Partners LLC now owns 168,173 shares of the company’s stock worth $7,854,000 after acquiring an additional 2,735 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of First Trust Municipal High Income ETF stock opened at $47.91 on Wednesday. The firm’s 50-day simple moving average is $47.95 and its 200-day simple moving average is $47.23. First Trust Municipal High Income ETF has a 1 year low of $44.80 and a 1 year high of $49.05.

First Trust Municipal High Income ETF Dividend Announcement

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

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.