HighTower Advisors LLC Sells 18,173 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

HighTower Advisors LLC reduced its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 10.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 154,193 shares of the company’s stock after selling 18,173 shares during the period. HighTower Advisors LLC’s holdings in First Trust Municipal High Income ETF were worth $7,446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its position in First Trust Municipal High Income ETF by 244.8% during the third quarter. Stifel Financial Corp now owns 21,154 shares of the company’s stock valued at $1,045,000 after acquiring an additional 15,019 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of First Trust Municipal High Income ETF by 209.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock valued at $5,248,000 after purchasing an additional 71,872 shares during the last quarter. Allworth Financial LP purchased a new position in First Trust Municipal High Income ETF in the 4th quarter worth $640,000. Benjamin Edwards Inc. lifted its stake in First Trust Municipal High Income ETF by 293.3% in the third quarter. Benjamin Edwards Inc. now owns 7,531 shares of the company’s stock worth $372,000 after purchasing an additional 5,616 shares during the last quarter. Finally, Truist Financial Corp boosted its position in First Trust Municipal High Income ETF by 38.6% during the fourth quarter. Truist Financial Corp now owns 26,239 shares of the company’s stock valued at $1,267,000 after buying an additional 7,308 shares during the period.

First Trust Municipal High Income ETF Trading Up 0.1 %

FMHI opened at $48.31 on Wednesday. First Trust Municipal High Income ETF has a 12 month low of $47.33 and a 12 month high of $49.51. The business’s 50-day moving average price is $48.43 and its 200-day moving average price is $48.74.

First Trust Municipal High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.163 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.96 dividend on an annualized basis and a yield of 4.05%.

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.