MML Investors Services LLC Increases Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

MML Investors Services LLC increased its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 9.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,224 shares of the company’s stock after purchasing an additional 7,740 shares during the quarter. MML Investors Services LLC’s holdings in First Trust Municipal High Income ETF were worth $4,556,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in shares of First Trust Municipal High Income ETF by 561.0% during the second quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock valued at $9,109,000 after buying an additional 159,987 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of First Trust Municipal High Income ETF by 186.1% during the 3rd quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock worth $8,513,000 after acquiring an additional 112,110 shares in the last quarter. Meeder Advisory Services Inc. purchased a new stake in First Trust Municipal High Income ETF during the second quarter valued at approximately $4,024,000. LPL Financial LLC boosted its stake in First Trust Municipal High Income ETF by 8.4% in the second quarter. LPL Financial LLC now owns 807,272 shares of the company’s stock valued at $39,007,000 after acquiring an additional 62,570 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in First Trust Municipal High Income ETF by 4.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,521,354 shares of the company’s stock valued at $75,155,000 after acquiring an additional 59,086 shares in the last quarter.

First Trust Municipal High Income ETF Stock Up 0.0 %

Shares of FMHI stock opened at $48.72 on Friday. First Trust Municipal High Income ETF has a 12-month low of $47.14 and a 12-month high of $49.51. The business’s fifty day simple moving average is $48.92 and its 200-day simple moving average is $48.84.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a yield of 4.01%. The ex-dividend date is Friday, December 13th.

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.