Steward Partners Investment Advisory LLC Lowers Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Steward Partners Investment Advisory LLC cut its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 19.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 37,749 shares of the company’s stock after selling 9,124 shares during the period. Steward Partners Investment Advisory LLC’s holdings in First Trust Municipal High Income ETF were worth $1,823,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FMHI. HighTower Advisors LLC raised its holdings in First Trust Municipal High Income ETF by 186.1% in the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock worth $8,513,000 after purchasing an additional 112,110 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in First Trust Municipal High Income ETF by 209.2% in the third quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock worth $5,248,000 after purchasing an additional 71,872 shares in the last quarter. First Horizon Advisors Inc. bought a new position in First Trust Municipal High Income ETF in the fourth quarter worth about $2,390,000. Jane Street Group LLC raised its holdings in First Trust Municipal High Income ETF by 93.4% in the third quarter. Jane Street Group LLC now owns 66,694 shares of the company’s stock worth $3,295,000 after purchasing an additional 32,213 shares in the last quarter. Finally, RFG Advisory LLC raised its holdings in First Trust Municipal High Income ETF by 61.5% in the fourth quarter. RFG Advisory LLC now owns 61,850 shares of the company’s stock worth $2,987,000 after purchasing an additional 23,548 shares in the last quarter.

First Trust Municipal High Income ETF Trading Up 0.1 %

Shares of First Trust Municipal High Income ETF stock opened at $48.54 on Friday. The company has a 50-day simple moving average of $48.43 and a two-hundred day simple moving average of $48.77. First Trust Municipal High Income ETF has a one year low of $47.33 and a one year high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.163 per share. The ex-dividend date was Friday, February 21st. This represents a $1.96 annualized dividend and a dividend yield of 4.03%.

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.