Atria Wealth Solutions Inc. Sells 4,555 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Atria Wealth Solutions Inc. lessened its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 45.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,429 shares of the company’s stock after selling 4,555 shares during the period. Atria Wealth Solutions Inc.’s holdings in First Trust Municipal High Income ETF were worth $259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FMHI. Raymond James Trust N.A. acquired a new stake in First Trust Municipal High Income ETF in the 4th quarter valued at about $562,000. Socha Financial Group LLC increased its holdings in shares of First Trust Municipal High Income ETF by 2.6% in the fourth quarter. Socha Financial Group LLC now owns 17,903 shares of the company’s stock valued at $854,000 after purchasing an additional 457 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in First Trust Municipal High Income ETF in the 3rd quarter worth approximately $435,000. IFP Advisors Inc lifted its holdings in First Trust Municipal High Income ETF by 78.2% during the 4th quarter. IFP Advisors Inc now owns 45,632 shares of the company’s stock worth $2,176,000 after buying an additional 20,025 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in First Trust Municipal High Income ETF by 28.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 367,925 shares of the company’s stock worth $17,543,000 after buying an additional 82,434 shares in the last quarter.

First Trust Municipal High Income ETF Price Performance

NASDAQ FMHI opened at $48.05 on Thursday. First Trust Municipal High Income ETF has a 52 week low of $43.88 and a 52 week high of $48.37. The stock has a fifty day moving average of $47.89 and a 200-day moving average of $47.20.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were given a $0.159 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $1.91 dividend on an annualized basis and a yield of 3.97%.

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.