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

Principle Wealth Partners LLC trimmed its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 7.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,181 shares of the company’s stock after selling 24,389 shares during the period. First Trust Municipal High Income ETF makes up about 1.1% of Principle Wealth Partners LLC’s holdings, making the stock its 21st largest holding. Principle Wealth Partners LLC’s holdings in First Trust Municipal High Income ETF were worth $15,163,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FMHI. Raymond James Financial Inc. purchased a new position in shares of First Trust Municipal High Income ETF during the fourth quarter worth about $17,256,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of First Trust Municipal High Income ETF by 13.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,303,252 shares of the company’s stock valued at $62,302,000 after acquiring an additional 151,935 shares during the period. LPL Financial LLC raised its position in shares of First Trust Municipal High Income ETF by 10.1% during the 4th quarter. LPL Financial LLC now owns 984,276 shares of the company’s stock worth $47,531,000 after purchasing an additional 90,504 shares during the last quarter. Bank of America Corp DE grew its stake in First Trust Municipal High Income ETF by 9.6% in the 4th quarter. Bank of America Corp DE now owns 671,953 shares of the company’s stock worth $32,449,000 after acquiring an additional 58,620 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of First Trust Municipal High Income ETF by 6.1% during the 4th quarter. Wells Fargo & Company MN now owns 700,256 shares of the company’s stock valued at $33,815,000 after buying an additional 40,466 shares during the period.

First Trust Municipal High Income ETF Stock Performance

FMHI stock traded up $0.02 during trading on Thursday, reaching $46.00. The stock had a trading volume of 21,731 shares, compared to its average volume of 105,805. The firm has a fifty day moving average price of $46.58 and a 200 day moving average price of $47.37. First Trust Municipal High Income ETF has a 1-year low of $44.80 and a 1-year high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.166 per share. This represents a $1.99 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Tuesday, July 22nd.

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.