Raymond James Financial Inc. Purchases New Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Raymond James Financial Inc. acquired a new position in First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 357,337 shares of the company’s stock, valued at approximately $17,256,000.

A number of other large investors have also recently made changes to their positions in FMHI. Hughes Financial Services LLC bought a new position in shares of First Trust Municipal High Income ETF during the fourth quarter valued at approximately $4,685,000. LPL Financial LLC raised its holdings in First Trust Municipal High Income ETF by 10.1% in the 4th quarter. LPL Financial LLC now owns 984,276 shares of the company’s stock worth $47,531,000 after purchasing an additional 90,504 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of First Trust Municipal High Income ETF by 209.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock worth $5,248,000 after purchasing an additional 71,872 shares during the period. First Horizon Advisors Inc. bought a new stake in shares of First Trust Municipal High Income ETF during the 4th quarter valued at about $2,390,000. Finally, Wells Fargo & Company MN increased its position in shares of First Trust Municipal High Income ETF by 6.1% during the fourth quarter. Wells Fargo & Company MN now owns 700,256 shares of the company’s stock valued at $33,815,000 after buying an additional 40,466 shares during the period.

First Trust Municipal High Income ETF Price Performance

FMHI stock opened at $46.43 on Monday. The firm has a 50-day moving average of $47.89 and a 200 day moving average of $48.38. First Trust Municipal High Income ETF has a 1 year low of $44.80 and a 1 year high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Thursday, March 27th.

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.