Private Advisor Group LLC Sells 7,090 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Private Advisor Group LLC reduced its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,569 shares of the company’s stock after selling 7,090 shares during the period. Private Advisor Group LLC owned approximately 0.47% of First Trust Municipal High Income ETF worth $3,553,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Raymond James & Associates increased its holdings in First Trust Municipal High Income ETF by 0.8% in the 3rd quarter. Raymond James & Associates now owns 129,197 shares of the company’s stock valued at $6,382,000 after buying an additional 1,086 shares during the period. J.W. Cole Advisors Inc. grew its holdings in shares of First Trust Municipal High Income ETF by 17.8% during the third quarter. J.W. Cole Advisors Inc. now owns 7,764 shares of the company’s stock worth $384,000 after purchasing an additional 1,171 shares during the last quarter. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Municipal High Income ETF in the 3rd quarter valued at about $109,000. Stephens Inc. AR increased its holdings in shares of First Trust Municipal High Income ETF by 132.3% in the third quarter. Stephens Inc. AR now owns 69,909 shares of the company’s stock valued at $3,454,000 after purchasing an additional 39,809 shares in the last quarter. Finally, Financial Partners Group Inc raised its position in First Trust Municipal High Income ETF by 7.4% in the 3rd quarter. Financial Partners Group Inc now owns 235,646 shares of the company’s stock worth $11,641,000 after purchasing an additional 16,285 shares during the last quarter.

First Trust Municipal High Income ETF Trading Up 0.0 %

Shares of FMHI opened at $48.57 on Monday. The business’s fifty day moving average price is $48.33 and its two-hundred day moving average price is $48.79. First Trust Municipal High Income ETF has a 52 week low of $47.33 and a 52 week high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, February 21st.

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.