Stephens Inc. AR lowered its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI – Free Report) by 24.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,738 shares of the company’s stock after selling 14,891 shares during the period. Stephens Inc. AR’s holdings in First Trust Municipal High Income ETF were worth $2,192,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in FMHI. AQR Capital Management LLC purchased a new stake in First Trust Municipal High Income ETF during the first quarter worth about $377,000. Baird Financial Group Inc. boosted its holdings in First Trust Municipal High Income ETF by 7.6% during the second quarter. Baird Financial Group Inc. now owns 6,400 shares of the company’s stock worth $299,000 after buying an additional 450 shares in the last quarter. Jane Street Group LLC boosted its holdings in First Trust Municipal High Income ETF by 888.7% during the second quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock worth $6,119,000 after buying an additional 117,782 shares in the last quarter. MML Investors Services LLC boosted its holdings in First Trust Municipal High Income ETF by 1.4% during the second quarter. MML Investors Services LLC now owns 101,612 shares of the company’s stock worth $4,745,000 after buying an additional 1,414 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in First Trust Municipal High Income ETF by 4.7% during the second quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock worth $382,000 after buying an additional 365 shares in the last quarter.
First Trust Municipal High Income ETF Price Performance
FMHI stock opened at $47.81 on Tuesday. First Trust Municipal High Income ETF has a 52 week low of $45.83 and a 52 week high of $48.73. The company’s 50-day moving average price is $47.97 and its 200 day moving average price is $48.04.
First Trust Municipal High Income ETF Announces Dividend
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.
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