First Trust Municipal High Income ETF (NASDAQ:FMHI) Holdings Decreased by Private Advisor Group LLC

Private Advisor Group LLC lessened its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 4.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,659 shares of the company’s stock after selling 3,427 shares during the period. Private Advisor Group LLC’s holdings in First Trust Municipal High Income ETF were worth $3,985,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its stake in shares of First Trust Municipal High Income ETF by 561.0% in the 2nd quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock worth $9,109,000 after acquiring an additional 159,987 shares during the period. Cetera Investment Advisers boosted its stake in First Trust Municipal High Income ETF by 585.7% during the 1st quarter. Cetera Investment Advisers now owns 145,955 shares of the company’s stock valued at $7,032,000 after purchasing an additional 124,671 shares in the last quarter. Jane Street Group LLC boosted its stake in 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 in the last quarter. Meeder Advisory Services Inc. acquired a new position in shares of First Trust Municipal High Income ETF during the 2nd quarter valued at $4,024,000. Finally, Atlas Private Wealth Advisors raised its stake in shares of First Trust Municipal High Income ETF by 93.3% in the 2nd quarter. Atlas Private Wealth Advisors now owns 160,702 shares of the company’s stock worth $7,765,000 after buying an additional 77,560 shares in the last quarter.

First Trust Municipal High Income ETF Stock Up 0.1 %

Shares of FMHI stock opened at $48.65 on Monday. The stock has a 50-day simple moving average of $49.15 and a 200 day simple moving average of $48.59. First Trust Municipal High Income ETF has a fifty-two week low of $43.90 and a fifty-two week high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.163 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.96 annualized dividend and a dividend 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.