Great Valley Advisor Group Inc. Has $881,000 Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Great Valley Advisor Group Inc. lessened its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,483 shares of the company’s stock after selling 1,555 shares during the quarter. Great Valley Advisor Group Inc. owned about 0.17% of First Trust Municipal High Income ETF worth $881,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FMHI. Raymond James Trust N.A. acquired a new position in shares of First Trust Municipal High Income ETF in the 4th quarter valued at $562,000. Envestnet Portfolio Solutions Inc. bought a new position in First Trust Municipal High Income ETF during the third quarter worth about $435,000. Socha Financial Group LLC boosted its holdings in First Trust Municipal High Income ETF by 2.6% during the fourth quarter. Socha Financial Group LLC now owns 17,903 shares of the company’s stock worth $854,000 after buying an additional 457 shares during the last quarter. IFP Advisors Inc increased its stake in shares of First Trust Municipal High Income ETF by 78.2% in the 4th quarter. IFP Advisors Inc now owns 45,632 shares of the company’s stock valued at $2,176,000 after acquiring an additional 20,025 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake 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 acquiring an additional 82,434 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ FMHI opened at $47.70 on Friday. The firm has a 50 day moving average price of $47.89 and a 200 day moving average price of $47.12. First Trust Municipal High Income ETF has a 52-week low of $43.88 and a 52-week high of $48.37.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th were issued a dividend of $0.159 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $1.91 annualized dividend and a yield of 4.00%.

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.