Mach 1 Financial Group LLC Makes New $204,000 Investment in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Mach 1 Financial Group LLC acquired a new stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) in the 3rd quarter, HoldingsChannel reports. The fund acquired 4,129 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GSG Advisors LLC raised its position in First Trust Municipal High Income ETF by 22.3% during the third quarter. GSG Advisors LLC now owns 52,152 shares of the company’s stock worth $2,580,000 after acquiring an additional 9,507 shares in the last quarter. Atria Investments Inc increased its stake in shares of First Trust Municipal High Income ETF by 9.3% during the 3rd quarter. Atria Investments Inc now owns 19,569 shares of the company’s stock worth $967,000 after purchasing an additional 1,659 shares during the last quarter. Crumly & Associates Inc. raised its holdings in shares of First Trust Municipal High Income ETF by 10.2% in the 3rd quarter. Crumly & Associates Inc. now owns 109,608 shares of the company’s stock valued at $5,415,000 after purchasing an additional 10,110 shares during the period. Socha Financial Group LLC lifted its stake in First Trust Municipal High Income ETF by 3.1% in the 3rd quarter. Socha Financial Group LLC now owns 18,854 shares of the company’s stock valued at $931,000 after purchasing an additional 568 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in First Trust Municipal High Income ETF by 24.9% during the third quarter. Concurrent Investment Advisors LLC now owns 26,720 shares of the company’s stock worth $1,320,000 after purchasing an additional 5,330 shares during the period.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ FMHI opened at $48.82 on Friday. The business’s 50 day moving average price is $49.09 and its two-hundred day moving average price is $48.65. First Trust Municipal High Income ETF has a twelve month low of $44.81 and a twelve month high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were issued a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Tuesday, October 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.