Private Advisor Group LLC Sells 1,098 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Private Advisor Group LLC reduced its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHIFree Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,017 shares of the company’s stock after selling 1,098 shares during the period. Private Advisor Group LLC owned about 0.67% of First Trust Municipal High Income ETF worth $4,048,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FMHI. D.A. Davidson & CO. increased its stake in shares of First Trust Municipal High Income ETF by 1.8% in the 4th quarter. D.A. Davidson & CO. now owns 12,193 shares of the company’s stock worth $581,000 after purchasing an additional 221 shares in the last quarter. DHJJ Financial Advisors Ltd. increased its position in First Trust Municipal High Income ETF by 2.9% in the first quarter. DHJJ Financial Advisors Ltd. now owns 8,127 shares of the company’s stock worth $392,000 after buying an additional 229 shares in the last quarter. Socha Financial Group LLC increased its position in First Trust Municipal High Income ETF by 2.6% in the fourth quarter. Socha Financial Group LLC now owns 17,903 shares of the company’s stock worth $854,000 after buying an additional 457 shares in the last quarter. Platform Technology Partners raised its stake in shares of First Trust Municipal High Income ETF by 1.0% in the fourth quarter. Platform Technology Partners now owns 58,402 shares of the company’s stock worth $2,796,000 after buying an additional 593 shares during the period. Finally, Westside Investment Management Inc. lifted its position in shares of First Trust Municipal High Income ETF by 66.7% during the 1st quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock valued at $120,000 after buying an additional 1,000 shares in the last quarter.

First Trust Municipal High Income ETF Trading Up 0.1 %

Shares of NASDAQ:FMHI opened at $48.56 on Friday. The stock has a 50 day moving average of $48.11 and a 200 day moving average of $47.91. First Trust Municipal High Income ETF has a 12-month low of $43.88 and a 12-month high of $48.71.

First Trust Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a $0.163 dividend. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.16. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Thursday, June 27th.

First Trust Municipal High Income ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for First Trust Municipal High Income ETF (NASDAQ:FMHI)

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