Gladstone Institutional Advisory LLC Acquires 1,789 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Gladstone Institutional Advisory LLC lifted its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,088 shares of the company’s stock after acquiring an additional 1,789 shares during the period. Gladstone Institutional Advisory LLC owned 0.08% of First Trust Municipal High Income ETF worth $584,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FMHI. Larson Financial Group LLC bought a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter valued at about $92,000. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter valued at about $109,000. Mach 1 Financial Group LLC bought a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter valued at about $204,000. Silver Oak Securities Incorporated lifted its holdings in shares of First Trust Municipal High Income ETF by 9.4% in the 4th quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after acquiring an additional 399 shares during the last quarter. Finally, SeaCrest Wealth Management LLC bought a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter valued at about $225,000.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ FMHI opened at $48.49 on Friday. First Trust Municipal High Income ETF has a 1 year low of $47.33 and a 1 year high of $49.51. The firm has a 50-day simple moving average of $48.39 and a two-hundred day simple moving average of $48.81.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.163 dividend. This represents a $1.96 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.