Principle Wealth Partners LLC Reduces Holdings in First Trust Municipal High Income ETF $FMHI

Principle Wealth Partners LLC lowered its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 19.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,094 shares of the company’s stock after selling 57,225 shares during the period. Principle Wealth Partners LLC’s holdings in First Trust Municipal High Income ETF were worth $11,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Camelot Portfolios LLC bought a new stake in First Trust Municipal High Income ETF during the fourth quarter valued at $96,000. Hughes Financial Services LLC increased its stake in 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 valued at $148,000 after purchasing an additional 629 shares during the last quarter. CoreCap Advisors LLC increased its stake in First Trust Municipal High Income ETF by 243.8% during the fourth quarter. CoreCap Advisors LLC now owns 3,792 shares of the company’s stock valued at $182,000 after purchasing an additional 2,689 shares during the last quarter. Clear Creek Financial Management LLC bought a new stake in First Trust Municipal High Income ETF during the third quarter valued at $200,000. Finally, FSB Premier Wealth Management Inc. increased its stake in First Trust Municipal High Income ETF by 14.2% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 4,888 shares of the company’s stock valued at $234,000 after purchasing an additional 608 shares during the last quarter.

First Trust Municipal High Income ETF Trading Up 0.1%

FMHI stock opened at $47.67 on Friday. First Trust Municipal High Income ETF has a 1-year low of $45.83 and a 1-year high of $48.73. The firm has a fifty day moving average price of $47.93 and a two-hundred day moving average price of $48.03.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.176 per share. The ex-dividend date is 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.