Geneos Wealth Management Inc. Trims Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Geneos Wealth Management Inc. lessened its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 7.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,678 shares of the company’s stock after selling 696 shares during the quarter. Geneos Wealth Management Inc. owned approximately 0.07% of First Trust Municipal High Income ETF worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FMHI. Wells Fargo & Company MN grew its stake in shares of First Trust Municipal High Income ETF by 145.2% during the 4th quarter. Wells Fargo & Company MN now owns 406,752 shares of the company’s stock valued at $19,394,000 after acquiring an additional 240,894 shares during the period. International Assets Investment Management LLC bought a new position in First Trust Municipal High Income ETF in the 4th quarter worth $8,659,000. Principle Wealth Partners LLC bought a new stake in First Trust Municipal High Income ETF during the fourth quarter valued at about $8,072,000. Crumly & Associates Inc. raised its stake in First Trust Municipal High Income ETF by 259.6% during the 4th quarter. Crumly & Associates Inc. now owns 207,661 shares of the company’s stock valued at $9,901,000 after purchasing an additional 149,917 shares during the period. Finally, Cyndeo Wealth Partners LLC raised its position in shares of First Trust Municipal High Income ETF by 629.8% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 101,849 shares of the company’s stock valued at $4,856,000 after buying an additional 87,894 shares during the last quarter.

First Trust Municipal High Income ETF Trading Up 0.2 %

Shares of NASDAQ FMHI opened at $48.64 on Friday. First Trust Municipal High Income ETF has a 52-week low of $43.88 and a 52-week high of $48.77. The firm’s fifty day moving average is $48.20 and its two-hundred day moving average is $47.93.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a dividend of $0.163 per share. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.96 dividend on an annualized basis and a yield of 4.02%.

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.