Cetera Investment Advisers Cuts Stock Position in First Trust Municipal High Income ETF $FMHI

Cetera Investment Advisers decreased its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,682 shares of the company’s stock after selling 1,141 shares during the period. Cetera Investment Advisers owned about 1.26% of First Trust Municipal High Income ETF worth $9,465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of FMHI. Capital Analysts LLC boosted its stake in shares of First Trust Municipal High Income ETF by 12,025.0% in the first quarter. Capital Analysts LLC now owns 1,455 shares of the company’s stock valued at $70,000 after purchasing an additional 1,443 shares during the period. Invictus Private Wealth LLC acquired a new stake in First Trust Municipal High Income ETF during the 2nd quarter worth approximately $218,000. Total Clarity Wealth Management Inc. purchased a new position in First Trust Municipal High Income ETF in the 2nd quarter valued at approximately $234,000. Stratos Wealth Partners LTD. grew its stake in shares of First Trust Municipal High Income ETF by 17.7% in the second quarter. Stratos Wealth Partners LTD. now owns 5,195 shares of the company’s stock worth $243,000 after acquiring an additional 780 shares in the last quarter. Finally, Landmark Wealth Management LLC grew its stake in shares of First Trust Municipal High Income ETF by 4.2% in the second quarter. Landmark Wealth Management LLC now owns 5,585 shares of the company’s stock worth $261,000 after acquiring an additional 224 shares in the last quarter.

First Trust Municipal High Income ETF Trading Down 0.2%

Shares of NASDAQ FMHI opened at $47.95 on Friday. The business’s fifty day simple moving average is $47.87 and its 200-day simple moving average is $47.00. First Trust Municipal High Income ETF has a 12-month low of $44.80 and a 12-month high of $49.40.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 21st will be given a $0.169 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a c) dividend on an annualized basis and a 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.