First Trust Municipal High Income ETF $FMHI Shares Sold by Stewardship Advisors LLC

Stewardship Advisors LLC trimmed its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 87.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,574 shares of the company’s stock after selling 71,170 shares during the quarter. Stewardship Advisors LLC owned about 0.05% of First Trust Municipal High Income ETF worth $503,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FMHI. Financial Partners Group Inc grew its stake in shares of First Trust Municipal High Income ETF by 14.6% in the fourth quarter. Financial Partners Group Inc now owns 227,133 shares of the company’s stock worth $10,910,000 after purchasing an additional 28,880 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new stake in shares of First Trust Municipal High Income ETF during the third quarter valued at about $1,065,000. Elequin Capital LP raised its stake in shares of First Trust Municipal High Income ETF by 779.1% during the third quarter. Elequin Capital LP now owns 30,767 shares of the company’s stock valued at $1,462,000 after purchasing an additional 27,267 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in First Trust Municipal High Income ETF by 81.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 48,517 shares of the company’s stock worth $2,326,000 after purchasing an additional 21,741 shares during the period. Finally, RFG Advisory LLC lifted its holdings in First Trust Municipal High Income ETF by 246.5% in the fourth quarter. RFG Advisory LLC now owns 34,599 shares of the company’s stock worth $1,658,000 after purchasing an additional 24,615 shares during the period.

First Trust Municipal High Income ETF Price Performance

First Trust Municipal High Income ETF stock opened at $48.46 on Tuesday. The company’s 50-day moving average price is $48.12 and its two-hundred day moving average price is $48.06. 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 business also recently disclosed a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a $0.176 dividend. This is a boost from First Trust Municipal High Income ETF’s previous dividend of $0.17. The ex-dividend date was Thursday, May 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.