27,494 Shares in First Trust Municipal High Income ETF $FMHI Bought by Arax Advisory Partners

Arax Advisory Partners bought a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 27,494 shares of the company’s stock, valued at approximately $1,318,000.

A number of other large investors also recently modified their holdings of FMHI. AQR Capital Management LLC bought a new position in shares of First Trust Municipal High Income ETF in the 1st quarter worth $377,000. Baird Financial Group Inc. lifted its stake in First Trust Municipal High Income ETF by 7.6% during the 2nd quarter. Baird Financial Group Inc. now owns 6,400 shares of the company’s stock valued at $299,000 after acquiring an additional 450 shares in the last quarter. Jane Street Group LLC lifted its stake in First Trust Municipal High Income ETF by 888.7% during the 2nd quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock valued at $6,119,000 after acquiring an additional 117,782 shares in the last quarter. MML Investors Services LLC lifted its stake in First Trust Municipal High Income ETF by 1.4% during the 2nd quarter. MML Investors Services LLC now owns 101,612 shares of the company’s stock valued at $4,745,000 after acquiring an additional 1,414 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in First Trust Municipal High Income ETF by 4.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock valued at $382,000 after acquiring an additional 365 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ:FMHI opened at $48.34 on Tuesday. The stock’s fifty day simple moving average is $48.07 and its two-hundred day simple moving average is $48.04. First Trust Municipal High Income ETF has a 1-year low of $45.83 and a 1-year high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.176 per share. This is a boost from First Trust Municipal High Income ETF’s previous dividend of $0.18. The ex-dividend date was Thursday, May 21st.

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.