Core Wealth Partners LLC Reduces Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Core Wealth Partners LLC lowered its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 27.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,280 shares of the company’s stock after selling 1,615 shares during the quarter. Core Wealth Partners LLC’s holdings in First Trust Municipal High Income ETF were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV raised its stake in shares of First Trust Municipal High Income ETF by 187.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 868 shares of the company’s stock worth $42,000 after purchasing an additional 566 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new stake in shares of First Trust Municipal High Income ETF in the 4th quarter worth $67,000. Larson Financial Group LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the third quarter valued at about $92,000. Synergy Investment Management LLC acquired a new position in shares of First Trust Municipal High Income ETF during the fourth quarter worth about $124,000. Finally, Silver Oak Securities Incorporated raised 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 worth $224,000 after purchasing an additional 399 shares in the last quarter.

First Trust Municipal High Income ETF Price Performance

First Trust Municipal High Income ETF stock opened at $48.06 on Wednesday. First Trust Municipal High Income ETF has a one year low of $47.33 and a one year high of $49.51. The business has a fifty day moving average of $48.44 and a two-hundred day moving average of $48.71.

First Trust Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.163 dividend. This represents a $1.96 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Friday, February 21st.

First Trust Municipal High Income ETF Company 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.