First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Sold by ShoreHaven Wealth Partners LLC

ShoreHaven Wealth Partners LLC lessened its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,533 shares of the company’s stock after selling 3,784 shares during the quarter. ShoreHaven Wealth Partners LLC’s holdings in First Trust Municipal High Income ETF were worth $1,233,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the third quarter worth $92,000. Farmers & Merchants Investments Inc. purchased a new position in First Trust Municipal High Income ETF in the 3rd quarter worth $109,000. Mach 1 Financial Group LLC acquired a new stake in First Trust Municipal High Income ETF during the 3rd quarter worth about $204,000. SeaCrest Wealth Management LLC purchased a new stake in First Trust Municipal High Income ETF during the 3rd quarter valued at about $225,000. Finally, Silver Oak Securities Incorporated grew its stake in First Trust Municipal High Income ETF by 9.4% during the 4th quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock valued at $224,000 after purchasing an additional 399 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ:FMHI opened at $48.46 on Friday. First Trust Municipal High Income ETF has a 52-week low of $47.33 and a 52-week high of $49.51. The business has a 50-day moving average price of $48.40 and a 200-day moving average price of $48.81.

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 $0.163 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.96 annualized dividend and a yield of 4.04%.

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.