First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Sold by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC lowered its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,825 shares of the company’s stock after selling 925 shares during the period. Capital Investment Advisory Services LLC’s holdings in First Trust Municipal High Income ETF were worth $957,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of First Trust Municipal High Income ETF by 4.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,521,354 shares of the company’s stock worth $75,155,000 after acquiring an additional 59,086 shares during the period. Financial Partners Group Inc raised its position in shares of First Trust Municipal High Income ETF by 7.4% in the third quarter. Financial Partners Group Inc now owns 235,646 shares of the company’s stock worth $11,641,000 after acquiring an additional 16,285 shares during the period. HighTower Advisors LLC raised its position in shares of First Trust Municipal High Income ETF by 186.1% in the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock worth $8,513,000 after acquiring an additional 112,110 shares during the period. Atlas Private Wealth Advisors raised its position in shares of First Trust Municipal High Income ETF by 6.6% in the fourth quarter. Atlas Private Wealth Advisors now owns 169,954 shares of the company’s stock worth $8,207,000 after acquiring an additional 10,463 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of First Trust Municipal High Income ETF by 10.3% in the second quarter. Cetera Investment Advisers now owns 161,055 shares of the company’s stock worth $7,782,000 after acquiring an additional 15,100 shares during the period.

First Trust Municipal High Income ETF Trading Down 0.1 %

Shares of First Trust Municipal High Income ETF stock opened at $48.35 on Friday. First Trust Municipal High Income ETF has a fifty-two week low of $47.33 and a fifty-two week high of $49.51. The firm has a 50-day simple moving average of $48.50 and a two-hundred day simple moving average of $48.82.

First Trust Municipal High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.163 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.96 annualized dividend and a dividend yield of 4.05%.

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.