First Trust Municipal High Income ETF $FMHI Stock Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC decreased its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 6.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 209,303 shares of the company’s stock after selling 13,658 shares during the period. Principle Wealth Partners LLC owned about 0.93% of First Trust Municipal High Income ETF worth $9,387,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Kestra Advisory Services LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 12.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 16,039 shares of the company’s stock valued at $719,000 after buying an additional 1,798 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the 3rd quarter worth about $5,816,000. Vise Technologies Inc. increased its stake in shares of First Trust Municipal High Income ETF by 34.4% in the 3rd quarter. Vise Technologies Inc. now owns 534,854 shares of the company’s stock worth $23,988,000 after acquiring an additional 136,836 shares in the last quarter. MGO One Seven LLC bought a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter worth about $858,000. Finally, D.A. Davidson & CO. bought a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter worth about $2,379,000.

First Trust Municipal High Income ETF Price Performance

NASDAQ:FMHI opened at $46.66 on Friday. First Trust Municipal High Income ETF has a one year low of $44.34 and a one year high of $48.73. The company’s 50-day simple moving average is $45.84 and its 200 day simple moving average is $47.51.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were issued a dividend of $0.1790 per share. This represents a $2.15 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Wednesday, October 21st.

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.