Waddell & Associates LLC Sells 600 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Waddell & Associates LLC trimmed its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 9.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,920 shares of the company’s stock after selling 600 shares during the quarter. Waddell & Associates LLC’s holdings in First Trust Municipal High Income ETF were worth $286,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC bought a new stake in shares of First Trust Municipal High Income ETF during the 4th quarter worth $200,000. Principal Securities Inc. acquired a new position in shares of First Trust Municipal High Income ETF during the fourth quarter worth approximately $48,000. Wells Fargo & Company MN boosted its position in shares of First Trust Municipal High Income ETF by 145.2% in the fourth 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. D.A. Davidson & CO. grew its stake in shares of First Trust Municipal High Income ETF by 1.8% in the fourth quarter. D.A. Davidson & CO. now owns 12,193 shares of the company’s stock worth $581,000 after acquiring an additional 221 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in First Trust Municipal High Income ETF by 25.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 41,303 shares of the company’s stock worth $1,969,000 after acquiring an additional 8,440 shares during the period.

First Trust Municipal High Income ETF Price Performance

First Trust Municipal High Income ETF stock traded up $0.06 during mid-day trading on Friday, reaching $49.21. The company had a trading volume of 49,496 shares, compared to its average volume of 65,049. The company has a 50 day moving average of $48.84 and a 200-day moving average of $48.29. First Trust Municipal High Income ETF has a 52 week low of $43.88 and a 52 week high of $49.47.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were given a $0.163 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.97%.

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.