First Trust Municipal High Income ETF $FMHI Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 28.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,678 shares of the company’s stock after selling 13,060 shares during the period. Stephens Inc. AR owned about 0.17% of First Trust Municipal High Income ETF worth $1,554,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Camelot Portfolios LLC acquired a new position in shares of First Trust Municipal High Income ETF in the 4th quarter valued at approximately $96,000. Hughes Financial Services LLC grew its position in shares of First Trust Municipal High Income ETF by 25.7% during the third quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock worth $148,000 after buying an additional 629 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of First Trust Municipal High Income ETF by 243.8% in the fourth quarter. CoreCap Advisors LLC now owns 3,792 shares of the company’s stock worth $182,000 after buying an additional 2,689 shares during the last quarter. FSB Premier Wealth Management Inc. increased its stake in shares of First Trust Municipal High Income ETF by 14.2% in the fourth 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 during the last quarter. Finally, Clear Creek Financial Management LLC raised its holdings in First Trust Municipal High Income ETF by 29.5% in the fourth quarter. Clear Creek Financial Management LLC now owns 5,452 shares of the company’s stock valued at $261,000 after acquiring an additional 1,242 shares in the last quarter.

First Trust Municipal High Income ETF Trading Down 0.0%

NASDAQ FMHI opened at $48.34 on Friday. First Trust Municipal High Income ETF has a 12 month low of $45.83 and a 12 month high of $48.73. The company’s fifty day moving average price is $48.21 and its two-hundred day moving average price is $48.12.

First Trust Municipal High Income ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.177 dividend. This is a boost from First Trust Municipal High Income ETF’s previous dividend of $0.18. The ex-dividend date was Thursday, June 25th.

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.