AJ Advisors LLC Trims Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

AJ Advisors LLC trimmed its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,174 shares of the company’s stock after selling 2,582 shares during the period. First Trust Municipal High Income ETF comprises about 1.7% of AJ Advisors LLC’s investment portfolio, making the stock its 12th largest position. AJ Advisors LLC’s holdings in First Trust Municipal High Income ETF were worth $3,053,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in shares of First Trust Municipal High Income ETF during the 4th quarter valued at about $48,000. Creekmur Asset Management LLC acquired a new stake in First Trust Municipal High Income ETF during the 4th quarter worth approximately $53,000. Westside Investment Management Inc. increased its position in First Trust Municipal High Income ETF by 66.7% during the 1st quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock worth $120,000 after purchasing an additional 1,000 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in First Trust Municipal High Income ETF during the 2nd quarter worth approximately $184,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in First Trust Municipal High Income ETF during the 4th quarter worth approximately $200,000.

First Trust Municipal High Income ETF Stock Down 0.0 %

NASDAQ FMHI traded down $0.01 on Friday, reaching $48.90. The company had a trading volume of 94,971 shares, compared to its average volume of 65,199. First Trust Municipal High Income ETF has a 1 year low of $43.88 and a 1 year high of $49.47. The firm has a 50-day moving average of $48.79 and a 200-day moving average of $48.24.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were issued a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Wednesday, August 21st.

First Trust Municipal High Income ETF Company 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.