Atria Wealth Solutions Inc. Reduces Stake in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Atria Wealth Solutions Inc. lowered its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 45.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,429 shares of the company’s stock after selling 4,555 shares during the period. Atria Wealth Solutions Inc.’s holdings in First Trust Municipal High Income ETF were worth $259,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Gradient Investments LLC raised its stake in shares of First Trust Municipal High Income ETF by 397.6% in the third quarter. Gradient Investments LLC now owns 1,020 shares of the company’s stock valued at $46,000 after buying an additional 815 shares during the period. Key Financial Inc purchased a new stake in First Trust Municipal High Income ETF during the fourth quarter valued at about $209,000. Eudaimonia Advisors LLC bought a new position in First Trust Municipal High Income ETF during the fourth quarter worth about $234,000. Econ Financial Services Corp purchased a new position in shares of First Trust Municipal High Income ETF in the third quarter worth about $268,000. Finally, Chicago Partners Investment Group LLC raised its position in shares of First Trust Municipal High Income ETF by 14.5% in the third quarter. Chicago Partners Investment Group LLC now owns 7,228 shares of the company’s stock valued at $321,000 after purchasing an additional 916 shares during the period.

First Trust Municipal High Income ETF Stock Up 0.2 %

FMHI opened at $48.05 on Thursday. First Trust Municipal High Income ETF has a 12 month low of $43.88 and a 12 month high of $48.37. The company has a 50 day moving average of $47.89 and a 200 day moving average of $47.20.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were issued a $0.159 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Tuesday, April 23rd.

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.