First Trust Municipal High Income ETF $FMHI Stake Decreased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,607 shares of the company’s stock after selling 669 shares during the period. Envestnet Portfolio Solutions Inc. owned 0.06% of First Trust Municipal High Income ETF worth $449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Total Clarity Wealth Management Inc. bought a new stake in shares of First Trust Municipal High Income ETF during the second quarter valued at approximately $234,000. Landmark Wealth Management LLC raised its holdings in shares of First Trust Municipal High Income ETF by 4.2% during the second quarter. Landmark Wealth Management LLC now owns 5,585 shares of the company’s stock valued at $261,000 after buying an additional 224 shares during the last quarter. CWM LLC raised its holdings in shares of First Trust Municipal High Income ETF by 22.0% during the second quarter. CWM LLC now owns 95,386 shares of the company’s stock valued at $4,455,000 after buying an additional 17,218 shares during the last quarter. Invictus Private Wealth LLC bought a new stake in shares of First Trust Municipal High Income ETF during the second quarter valued at approximately $218,000. Finally, IFP Advisors Inc raised its holdings in shares of First Trust Municipal High Income ETF by 23.3% during the second quarter. IFP Advisors Inc now owns 32,656 shares of the company’s stock valued at $1,525,000 after buying an additional 6,168 shares during the last quarter.

First Trust Municipal High Income ETF Trading Up 0.1%

NASDAQ FMHI opened at $48.10 on Thursday. First Trust Municipal High Income ETF has a 12 month low of $44.80 and a 12 month high of $49.40. The company’s 50 day simple moving average is $47.20 and its 200 day simple moving average is $46.76.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be paid a dividend of $0.169 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, October 21st.

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.