Thu Sep 26 13:28:32 UTC 2024: ## Investor Activity in First Trust Municipal High Income ETF (FMHI)
**New York, NY -** Benjamin F. Edwards & Company Inc. reduced its stake in the First Trust Municipal High Income ETF (FMHI) by 32.3% during the second quarter, according to its recent 13F filing. This move contrasts with several other large investors who increased their holdings in FMHI during the fourth quarter.
Wells Fargo & Company MN significantly boosted its position in FMHI by 145.2%, now owning 406,752 shares worth $19,394,000. Other notable increases include D.A. Davidson & CO., Cambridge Investment Research Advisors Inc., and Manhattan West Asset Management LLC, all showing a positive outlook on the ETF. Cetera Advisor Networks LLC also made a significant increase, growing its stake by 562.6%.
FMHI opened at $49.36 on Thursday, with a 50-day simple moving average of $49.05 and a 200-day simple moving average of $48.42. The ETF reached a 1-year low of $43.88 and a 1-year high of $49.48.
FMHI is an actively managed exchange-traded fund primarily investing in investment-grade US municipal bonds. Launched on November 1, 2017, it is managed by First Trust.
For further details on investor activity in FMHI, including the latest 13F filings and insider trades, visit HoldingsChannel.com.
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