First Trust Municipal High Income ETF $FMHI Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 32.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 29,761 shares of the company’s stock after selling 14,195 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in First Trust Municipal High Income ETF were worth $1,415,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new position in shares of First Trust Municipal High Income ETF during the first quarter worth about $377,000. Baird Financial Group Inc. boosted its holdings in First Trust Municipal High Income ETF by 7.6% in the 2nd quarter. Baird Financial Group Inc. now owns 6,400 shares of the company’s stock valued at $299,000 after purchasing an additional 450 shares in the last quarter. Jane Street Group LLC increased its position in First Trust Municipal High Income ETF by 888.7% during the 2nd quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock worth $6,119,000 after purchasing an additional 117,782 shares during the period. MML Investors Services LLC raised its stake in shares of First Trust Municipal High Income ETF by 1.4% during the 2nd quarter. MML Investors Services LLC now owns 101,612 shares of the company’s stock worth $4,745,000 after buying an additional 1,414 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its stake in shares of First Trust Municipal High Income ETF by 4.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock worth $382,000 after buying an additional 365 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

First Trust Municipal High Income ETF stock opened at $48.54 on Tuesday. The stock’s 50 day moving average price is $48.16 and its 200 day moving average price is $48.08. First Trust Municipal High Income ETF has a 1-year low of $45.83 and a 1-year high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

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

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.