Platform Technology Partners Increases Stock Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Platform Technology Partners grew its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,329 shares of the company’s stock after purchasing an additional 831 shares during the quarter. First Trust Municipal High Income ETF makes up approximately 0.9% of Platform Technology Partners’ holdings, making the stock its 28th biggest position. Platform Technology Partners’ holdings in First Trust Municipal High Income ETF were worth $2,913,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Great Valley Advisor Group Inc. grew its holdings in First Trust Municipal High Income ETF by 1.1% during the third quarter. Great Valley Advisor Group Inc. now owns 19,639 shares of the company’s stock valued at $970,000 after purchasing an additional 209 shares during the period. Truist Financial Corp grew its stake in shares of First Trust Municipal High Income ETF by 1.8% during the 2nd quarter. Truist Financial Corp now owns 13,605 shares of the company’s stock valued at $657,000 after acquiring an additional 243 shares during the period. Boyd Wealth Management LLC increased its holdings in First Trust Municipal High Income ETF by 1.5% in the 4th quarter. Boyd Wealth Management LLC now owns 18,492 shares of the company’s stock worth $893,000 after acquiring an additional 271 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in First Trust Municipal High Income ETF by 3.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,063 shares of the company’s stock worth $448,000 after acquiring an additional 302 shares during the period. Finally, Silver Oak Securities Incorporated lifted its holdings in First Trust Municipal High Income ETF by 9.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after purchasing an additional 399 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

FMHI opened at $48.70 on Friday. The company has a 50 day simple moving average of $48.46 and a two-hundred day simple moving average of $48.82. First Trust Municipal High Income ETF has a 1-year low of $47.33 and a 1-year high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.163 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.96 dividend on an annualized basis and a yield of 4.02%.

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.