Traction Financial Partners LLC Grows Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Traction Financial Partners LLC boosted its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,036 shares of the company’s stock after purchasing an additional 536 shares during the quarter. First Trust Municipal High Income ETF makes up 1.1% of Traction Financial Partners LLC’s portfolio, making the stock its 17th biggest position. Traction Financial Partners LLC owned approximately 0.18% of First Trust Municipal High Income ETF worth $1,385,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Avantax Advisory Services Inc. lifted its stake in shares of First Trust Municipal High Income ETF by 172.2% in the first quarter. Avantax Advisory Services Inc. now owns 13,187 shares of the company’s stock worth $635,000 after buying an additional 8,343 shares in the last quarter. Socha Financial Group LLC boosted its position in First Trust Municipal High Income ETF by 3.2% in the first quarter. Socha Financial Group LLC now owns 18,475 shares of the company’s stock worth $890,000 after purchasing an additional 572 shares during the last quarter. Manhattan West Asset Management LLC grew its stake in shares of First Trust Municipal High Income ETF by 6.6% during the 1st quarter. Manhattan West Asset Management LLC now owns 181,057 shares of the company’s stock valued at $8,723,000 after purchasing an additional 11,236 shares during the period. Jane Street Group LLC increased its position in shares of First Trust Municipal High Income ETF by 881.4% during the 1st quarter. Jane Street Group LLC now owns 107,345 shares of the company’s stock valued at $5,172,000 after purchasing an additional 96,407 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of First Trust Municipal High Income ETF by 77.4% in the 1st quarter. Comerica Bank now owns 13,943 shares of the company’s stock worth $672,000 after purchasing an additional 6,082 shares during the period.

First Trust Municipal High Income ETF Trading Up 0.2 %

Shares of First Trust Municipal High Income ETF stock traded up $0.09 on Thursday, hitting $48.79. 9,355 shares of the company’s stock were exchanged, compared to its average volume of 69,089. First Trust Municipal High Income ETF has a 1 year low of $45.32 and a 1 year high of $49.51. The company has a 50-day simple moving average of $49.07 and a 200-day simple moving average of $48.68.

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 paid a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Tuesday, October 22nd.

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.