Farther Finance Advisors LLC Lowers Holdings in First Trust Municipal High Income ETF $FMHI

Farther Finance Advisors LLC trimmed its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 48.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 995 shares of the company’s stock after selling 950 shares during the period. Farther Finance Advisors LLC’s holdings in First Trust Municipal High Income ETF were worth $46,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Perissos Private Wealth Management LLC increased its holdings in shares of First Trust Municipal High Income ETF by 0.6% during the 1st quarter. Perissos Private Wealth Management LLC now owns 34,483 shares of the company’s stock valued at $1,648,000 after purchasing an additional 217 shares in the last quarter. Sowell Financial Services LLC increased its holdings in First Trust Municipal High Income ETF by 0.7% in the first quarter. Sowell Financial Services LLC now owns 31,620 shares of the company’s stock valued at $1,512,000 after buying an additional 220 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in First Trust Municipal High Income ETF by 2.2% in the first quarter. Geneos Wealth Management Inc. now owns 10,394 shares of the company’s stock valued at $497,000 after buying an additional 224 shares in the last quarter. Marshall Financial Group LLC raised its position in shares of First Trust Municipal High Income ETF by 2.1% in the second quarter. Marshall Financial Group LLC now owns 13,057 shares of the company’s stock worth $610,000 after acquiring an additional 268 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of First Trust Municipal High Income ETF by 5.5% during the 1st quarter. Private Trust Co. NA now owns 5,201 shares of the company’s stock worth $249,000 after acquiring an additional 271 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of First Trust Municipal High Income ETF stock opened at $47.57 on Tuesday. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.40. The business has a 50-day moving average price of $46.81 and a 200 day moving average price of $46.74.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.169 per share. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date was Thursday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.