Principle Wealth Partners LLC cut its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI – Free Report) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 209,303 shares of the company’s stock after selling 13,658 shares during the quarter. Principle Wealth Partners LLC’s holdings in First Trust Municipal High Income ETF were worth $9,387,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in First Trust Municipal High Income ETF by 23.7% in the 1st quarter. Bank of America Corp DE now owns 798,920 shares of the company’s stock worth $37,981,000 after purchasing an additional 153,170 shares in the last quarter. Meeder Advisory Services Inc. increased its stake in First Trust Municipal High Income ETF by 11.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 542,231 shares of the company’s stock valued at $25,778,000 after purchasing an additional 53,886 shares in the last quarter. Vise Technologies Inc. increased its stake in First Trust Municipal High Income ETF by 34.4% during the 3rd quarter. Vise Technologies Inc. now owns 534,854 shares of the company’s stock valued at $23,988,000 after purchasing an additional 136,836 shares in the last quarter. Cetera Investment Advisers increased its stake in First Trust Municipal High Income ETF by 29.2% during the 1st quarter. Cetera Investment Advisers now owns 359,142 shares of the company’s stock valued at $17,074,000 after purchasing an additional 81,197 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in First Trust Municipal High Income ETF by 10.2% in the second quarter. NewEdge Advisors LLC now owns 296,778 shares of the company’s stock worth $14,391,000 after buying an additional 27,555 shares during the last quarter.
First Trust Municipal High Income ETF Stock Up 0.4%
Shares of First Trust Municipal High Income ETF stock opened at $46.66 on Friday. The company has a 50-day simple moving average of $45.84 and a two-hundred day simple moving average of $47.51. First Trust Municipal High Income ETF has a 52-week low of $44.34 and a 52-week high of $48.73.
First Trust Municipal High Income ETF Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were given a dividend of $0.1790 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $2.15 annualized dividend and a dividend yield of 4.6%.
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.
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