Stephens Inc. AR Has $3.31 Million Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Stephens Inc. AR lessened its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,509 shares of the company’s stock after selling 1,400 shares during the period. Stephens Inc. AR’s holdings in First Trust Municipal High Income ETF were worth $3,308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FMHI. HighTower Advisors LLC raised its stake in First Trust Municipal High Income ETF by 186.1% during the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock worth $8,513,000 after acquiring an additional 112,110 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of First Trust Municipal High Income ETF by 209.2% in the 3rd 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 last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of First Trust Municipal High Income ETF by 4.0% during the 3rd 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 in the last quarter. Jane Street Group LLC lifted its holdings in First Trust Municipal High Income ETF by 93.4% during the 3rd quarter. Jane Street Group LLC now owns 66,694 shares of the company’s stock valued at $3,295,000 after purchasing an additional 32,213 shares during the last quarter. Finally, Stewardship Advisors LLC boosted its position in First Trust Municipal High Income ETF by 139.0% in the third quarter. Stewardship Advisors LLC now owns 54,525 shares of the company’s stock valued at $2,694,000 after buying an additional 31,714 shares in the last quarter.

First Trust Municipal High Income ETF Stock Down 0.0 %

NASDAQ FMHI opened at $48.68 on Tuesday. First Trust Municipal High Income ETF has a 1-year low of $47.33 and a 1-year high of $49.51. The company has a 50 day moving average of $48.45 and a 200-day moving average of $48.82.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a dividend of $0.163 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.96 dividend on an annualized basis and a yield of 4.02%.

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.