SlateStone Wealth LLC Has $12.90 Million Holdings in First Trust Municipal High Income ETF $FMHI

SlateStone Wealth LLC lifted its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,208 shares of the company’s stock after acquiring an additional 24,889 shares during the quarter. First Trust Municipal High Income ETF makes up approximately 1.1% of SlateStone Wealth LLC’s holdings, making the stock its 24th largest holding. SlateStone Wealth LLC’s holdings in First Trust Municipal High Income ETF were worth $12,904,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Camelot Portfolios LLC acquired a new position in shares of First Trust Municipal High Income ETF in the 4th quarter worth approximately $96,000. Hughes Financial Services LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 25.7% in the 3rd quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock worth $148,000 after acquiring an additional 629 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 243.8% in the 4th quarter. CoreCap Advisors LLC now owns 3,792 shares of the company’s stock worth $182,000 after acquiring an additional 2,689 shares in the last quarter. Clear Creek Financial Management LLC acquired a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter worth approximately $200,000. Finally, FSB Premier Wealth Management Inc. lifted its holdings in First Trust Municipal High Income ETF by 14.2% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 4,888 shares of the company’s stock worth $234,000 after buying an additional 608 shares in the last quarter.

First Trust Municipal High Income ETF Stock Up 0.1%

NASDAQ:FMHI opened at $48.33 on Friday. The stock’s fifty day moving average price is $47.96 and its two-hundred day moving average price is $48.03. First Trust Municipal High Income ETF has a 52-week low of $45.83 and a 52-week high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.176 per share. The ex-dividend date of this dividend was Thursday, May 21st. This is a positive change from First Trust Municipal High Income ETF’s previous dividend of $0.18.

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.