Hughes Financial Services LLC Cuts Stock Position in First Trust Municipal High Income ETF $FMHI

Hughes Financial Services LLC trimmed its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 97.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,445 shares of the company’s stock after selling 94,090 shares during the period. Hughes Financial Services LLC’s holdings in First Trust Municipal High Income ETF were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Capital Analysts LLC increased its holdings in First Trust Municipal High Income ETF by 12,025.0% in the 1st quarter. Capital Analysts LLC now owns 1,455 shares of the company’s stock valued at $70,000 after acquiring an additional 1,443 shares during the last quarter. Invictus Private Wealth LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the second quarter worth about $218,000. Total Clarity Wealth Management Inc. bought a new position in First Trust Municipal High Income ETF during the second quarter valued at approximately $234,000. Stratos Wealth Partners LTD. grew its holdings in First Trust Municipal High Income ETF by 17.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 5,195 shares of the company’s stock valued at $243,000 after buying an additional 780 shares in the last quarter. Finally, Landmark Wealth Management LLC increased its stake in First Trust Municipal High Income ETF by 8.9% in the 1st quarter. Landmark Wealth Management LLC now owns 5,361 shares of the company’s stock worth $256,000 after acquiring an additional 437 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

FMHI stock opened at $48.04 on Monday. The firm has a fifty day moving average price of $47.64 and a 200 day moving average price of $46.91. First Trust Municipal High Income ETF has a fifty-two week low of $44.80 and a fifty-two week high of $49.40.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were issued a $0.169 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.