GSG Advisors LLC Has $1.30 Million Stock Position in First Trust Municipal High Income ETF $FMHI

GSG Advisors LLC lowered its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 37.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,163 shares of the company’s stock after selling 15,920 shares during the quarter. GSG Advisors LLC owned approximately 0.15% of First Trust Municipal High Income ETF worth $1,302,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FMHI. Jane Street Group LLC boosted its holdings in First Trust Municipal High Income ETF by 888.7% in the second quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock valued at $6,119,000 after acquiring an additional 117,782 shares during the last quarter. Ashton Thomas Securities LLC increased its position in First Trust Municipal High Income ETF by 190.9% in the third quarter. Ashton Thomas Securities LLC now owns 140,845 shares of the company’s stock worth $6,692,000 after purchasing an additional 92,429 shares during the period. Flow Traders U.S. LLC bought a new stake in First Trust Municipal High Income ETF during the 2nd quarter worth about $3,966,000. Wealth Enhancement Advisory Services LLC raised its holdings in First Trust Municipal High Income ETF by 5.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,552,746 shares of the company’s stock worth $73,833,000 after purchasing an additional 84,303 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in First Trust Municipal High Income ETF during the 3rd quarter valued at about $2,865,000.

First Trust Municipal High Income ETF Stock Down 0.9%

Shares of NASDAQ FMHI opened at $47.61 on Friday. First Trust Municipal High Income ETF has a 1 year low of $44.80 and a 1 year high of $48.73. The firm’s 50-day moving average is $48.21 and its 200-day moving average is $47.95.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a dividend of $0.175 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 20th.

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.