ShoreHaven Wealth Partners LLC Trims Holdings in First Trust Municipal High Income ETF $FMHI

ShoreHaven Wealth Partners LLC reduced its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 28.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 25,897 shares of the company’s stock after selling 10,532 shares during the quarter. ShoreHaven Wealth Partners LLC’s holdings in First Trust Municipal High Income ETF were worth $1,209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Capital Analysts LLC lifted its stake in shares of First Trust Municipal High Income ETF by 12,025.0% during the first quarter. Capital Analysts LLC now owns 1,455 shares of the company’s stock valued at $70,000 after buying an additional 1,443 shares during the period. Invictus Private Wealth LLC purchased a new position in shares of First Trust Municipal High Income ETF during the 2nd quarter worth $218,000. Total Clarity Wealth Management Inc. purchased a new position in shares of First Trust Municipal High Income ETF during the 2nd quarter worth $234,000. Stratos Wealth Partners LTD. boosted its holdings in shares of First Trust Municipal High Income ETF by 17.7% during the second quarter. Stratos Wealth Partners LTD. now owns 5,195 shares of the company’s stock worth $243,000 after purchasing an additional 780 shares during the last quarter. Finally, Private Trust Co. NA grew its position in shares of First Trust Municipal High Income ETF by 5.5% in the first quarter. Private Trust Co. NA now owns 5,201 shares of the company’s stock valued at $249,000 after purchasing an additional 271 shares during the period.

First Trust Municipal High Income ETF Trading Up 0.1%

First Trust Municipal High Income ETF stock opened at $48.14 on Friday. The stock has a fifty day moving average price of $47.10 and a 200 day moving average price of $46.76. First Trust Municipal High Income ETF has a 52 week low of $44.80 and a 52 week high of $49.40.

First Trust Municipal High Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.169 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Thursday, September 25th. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

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.