Financial Advocates Investment Management Trims Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Financial Advocates Investment Management lowered its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,348 shares of the company’s stock after selling 4,120 shares during the quarter. Financial Advocates Investment Management’s holdings in First Trust Municipal High Income ETF were worth $2,431,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FMHI. Summit Wealth Partners LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 31.7% during the fourth quarter. Summit Wealth Partners LLC now owns 14,465 shares of the company’s stock worth $699,000 after purchasing an additional 3,480 shares during the last quarter. Financial Partners Group Inc lifted its position in First Trust Municipal High Income ETF by 3.9% during the fourth quarter. Financial Partners Group Inc now owns 244,826 shares of the company’s stock worth $11,823,000 after buying an additional 9,180 shares during the period. Country Trust Bank boosted its stake in First Trust Municipal High Income ETF by 5.1% in the 4th quarter. Country Trust Bank now owns 17,652 shares of the company’s stock worth $852,000 after buying an additional 863 shares during the last quarter. Boyd Wealth Management LLC boosted its stake 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 buying an additional 271 shares during the last quarter. Finally, Curran Financial Partners LLC purchased a new stake in First Trust Municipal High Income ETF in the 4th quarter valued at about $276,000.

First Trust Municipal High Income ETF Trading Down 0.1 %

Shares of FMHI stock opened at $48.70 on Friday. The firm’s 50-day simple moving average is $48.47 and its 200-day simple moving average is $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 business also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Wednesday, January 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.