First Trust Municipal High Income ETF $FMHI Stock Position Lowered by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors cut its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 53.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,147 shares of the company’s stock after selling 73,868 shares during the quarter. Atlas Private Wealth Advisors’ holdings in First Trust Municipal High Income ETF were worth $3,000,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FMHI. AQR Capital Management LLC purchased a new position in shares of First Trust Municipal High Income ETF in the first quarter worth approximately $377,000. Truist Financial Corp grew its holdings in shares of First Trust Municipal High Income ETF by 24.1% during the 2nd quarter. Truist Financial Corp now owns 42,212 shares of the company’s stock valued at $1,971,000 after acquiring an additional 8,208 shares in the last quarter. Ashton Thomas Securities LLC grew its stake in First Trust Municipal High Income ETF by 139.5% in the second quarter. Ashton Thomas Securities LLC now owns 48,416 shares of the company’s stock valued at $2,261,000 after purchasing an additional 28,201 shares in the last quarter. DHJJ Financial Advisors Ltd. grew its stake in shares of First Trust Municipal High Income ETF by 23.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 9,992 shares of the company’s stock valued at $467,000 after buying an additional 1,878 shares in the last quarter. Finally, MBL Wealth LLC grew its position in First Trust Municipal High Income ETF by 0.9% in the second quarter. MBL Wealth LLC now owns 72,600 shares of the company’s stock worth $3,390,000 after acquiring an additional 645 shares in the last quarter.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ FMHI opened at $48.03 on Friday. First Trust Municipal High Income ETF has a 52 week low of $44.80 and a 52 week high of $49.05. The business’s 50-day simple moving average is $47.94 and its 200-day simple moving average is $47.44.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a $0.174 dividend. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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.