Financial Advocates Investment Management Sells 4,210 Shares of First Trust Municipal High Income ETF $FMHI

Financial Advocates Investment Management lessened its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,367 shares of the company’s stock after selling 4,210 shares during the quarter. Financial Advocates Investment Management’s holdings in First Trust Municipal High Income ETF were worth $1,418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AE Wealth Management LLC grew its holdings in First Trust Municipal High Income ETF by 109.1% in the first quarter. AE Wealth Management LLC now owns 6,009 shares of the company’s stock worth $287,000 after purchasing an additional 3,135 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Municipal High Income ETF by 6.9% in the 1st quarter. Cetera Investment Advisers now owns 203,823 shares of the company’s stock worth $9,744,000 after purchasing an additional 13,093 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in First Trust Municipal High Income ETF by 12.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 116,264 shares of the company’s stock worth $5,558,000 after buying an additional 12,472 shares during the last quarter. SlateStone Wealth LLC increased its position in First Trust Municipal High Income ETF by 40.5% during the 1st quarter. SlateStone Wealth LLC now owns 233,078 shares of the company’s stock valued at $11,142,000 after buying an additional 67,175 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in First Trust Municipal High Income ETF by 3.4% in the first quarter. Harbour Investments Inc. now owns 13,747 shares of the company’s stock valued at $657,000 after buying an additional 447 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI stock opened at $47.95 on Wednesday. First Trust Municipal High Income ETF has a fifty-two week low of $44.80 and a fifty-two week high of $49.40. The stock’s 50-day simple moving average is $47.89 and its 200-day simple moving average is $47.01.

First Trust Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 21st will be paid a $0.169 dividend. The ex-dividend date is Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 4.2%.

About First Trust Municipal High Income ETF

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.