Jane Street Group LLC Decreases Stock Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Jane Street Group LLC trimmed its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 33.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,179 shares of the company’s stock after selling 22,515 shares during the period. Jane Street Group LLC owned 0.28% of First Trust Municipal High Income ETF worth $2,133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Flagstar Advisors Inc. grew its holdings in First Trust Municipal High Income ETF by 0.7% during the fourth quarter. Flagstar Advisors Inc. now owns 28,975 shares of the company’s stock valued at $1,399,000 after purchasing an additional 212 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in First Trust Municipal High Income ETF by 1.7% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 14,815 shares of the company’s stock valued at $715,000 after purchasing an additional 250 shares during the period. Boyd Wealth Management LLC grew its holdings in First Trust Municipal High Income ETF by 1.5% during the fourth quarter. Boyd Wealth Management LLC now owns 18,492 shares of the company’s stock valued at $893,000 after purchasing an additional 271 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 2.8% in the fourth quarter. Sanctuary Advisors LLC now owns 10,995 shares of the company’s stock worth $532,000 after acquiring an additional 303 shares during the period. Finally, Silver Oak Securities Incorporated boosted its holdings in shares of First Trust Municipal High Income ETF by 9.4% in the fourth quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock worth $224,000 after acquiring an additional 399 shares during the period.

First Trust Municipal High Income ETF Stock Down 0.1%

First Trust Municipal High Income ETF stock opened at $46.94 on Friday. First Trust Municipal High Income ETF has a one year low of $44.80 and a one year high of $49.51. The business has a fifty day moving average price of $47.14 and a 200-day moving average price of $48.07.

First Trust Municipal High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 22nd were issued a $0.164 dividend. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.16. This represents a $1.97 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Tuesday, April 22nd.

About First Trust Municipal High Income ETF

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.