Capital Financial Group Inc. Co. ADV Makes New $1.89 Million Investment in First Trust Municipal High Income ETF $FMHI

Capital Financial Group Inc. Co. ADV acquired a new position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 4th quarter, HoldingsChannel reports. The fund acquired 39,474 shares of the company’s stock, valued at approximately $1,892,000. First Trust Municipal High Income ETF makes up 1.1% of Capital Financial Group Inc. Co. ADV’s investment portfolio, making the stock its 24th largest position.

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

First Trust Municipal High Income ETF Trading Up 0.1%

Shares of FMHI opened at $48.34 on Tuesday. The firm has a 50-day moving average price of $48.07 and a 200 day moving average price of $48.04. First Trust Municipal High Income ETF has a 52-week low of $45.83 and a 52-week high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were given a dividend of $0.176 per share. This is a positive change 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.