First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management reduced its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 7.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 50,348 shares of the company’s stock after selling 4,120 shares during the quarter. Financial Advocates Investment Management owned about 0.32% of First Trust Municipal High Income ETF worth $2,431,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Summit Wealth Partners LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 31.7% in the 4th quarter. Summit Wealth Partners LLC now owns 14,465 shares of the company’s stock valued at $699,000 after buying an additional 3,480 shares during the period. Financial Partners Group Inc lifted its holdings in First Trust Municipal High Income ETF by 3.9% in the fourth quarter. Financial Partners Group Inc now owns 244,826 shares of the company’s stock valued at $11,823,000 after acquiring an additional 9,180 shares during the period. Country Trust Bank boosted its position in shares of First Trust Municipal High Income ETF by 5.1% during the 4th quarter. Country Trust Bank now owns 17,652 shares of the company’s stock worth $852,000 after purchasing an additional 863 shares in the last quarter. Boyd Wealth Management LLC grew its stake in shares of First Trust Municipal High Income ETF by 1.5% during the 4th quarter. Boyd Wealth Management LLC now owns 18,492 shares of the company’s stock worth $893,000 after purchasing an additional 271 shares during the period. Finally, Curran Financial Partners LLC acquired a new position in shares of First Trust Municipal High Income ETF during the 4th quarter worth $276,000.

First Trust Municipal High Income ETF Trading Down 0.1 %

Shares of NASDAQ FMHI opened at $48.70 on Friday. First Trust Municipal High Income ETF has a 52 week low of $47.33 and a 52 week high of $49.51. The firm has a 50-day moving average price of $48.47 and a 200 day moving average price of $48.82.

First Trust Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Wednesday, January 22nd.

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.