Crumly & Associates Inc. Trims Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Crumly & Associates Inc. trimmed its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,791 shares of the company’s stock after selling 6,817 shares during the period. First Trust Municipal High Income ETF accounts for 1.4% of Crumly & Associates Inc.’s portfolio, making the stock its 24th biggest position. Crumly & Associates Inc. owned approximately 0.66% of First Trust Municipal High Income ETF worth $4,964,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FMHI. HighTower Advisors LLC grew its stake in First Trust Municipal High Income ETF by 186.1% in the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock worth $8,513,000 after purchasing an additional 112,110 shares during the period. JPMorgan Chase & Co. grew its stake in First Trust Municipal High Income ETF by 209.2% in the third quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock worth $5,248,000 after purchasing an additional 71,872 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in First Trust Municipal High Income ETF by 4.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,521,354 shares of the company’s stock worth $75,155,000 after purchasing an additional 59,086 shares during the period. Stephens Inc. AR grew its stake in First Trust Municipal High Income ETF by 132.3% in the third quarter. Stephens Inc. AR now owns 69,909 shares of the company’s stock worth $3,454,000 after purchasing an additional 39,809 shares during the period. Finally, Jane Street Group LLC grew its stake in First Trust Municipal High Income ETF by 93.4% in the third quarter. Jane Street Group LLC now owns 66,694 shares of the company’s stock worth $3,295,000 after purchasing an additional 32,213 shares during the period.

First Trust Municipal High Income ETF Stock Up 0.1 %

Shares of FMHI stock opened at $48.55 on Friday. The business’s fifty day moving average is $48.33 and its 200 day moving average is $48.80. First Trust Municipal High Income ETF has a twelve month low of $47.33 and a twelve month high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.163 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.03%.

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.