Kestra Private Wealth Services LLC Reduces Stock Position in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Kestra Private Wealth Services LLC lessened its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 1.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,792 shares of the company’s stock after selling 343 shares during the period. Kestra Private Wealth Services LLC’s holdings in First Trust Municipal High Income ETF were worth $1,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hobart Private Capital LLC raised its stake in First Trust Municipal High Income ETF by 53.2% during the 4th quarter. Hobart Private Capital LLC now owns 24,276 shares of the company’s stock worth $1,172,000 after acquiring an additional 8,426 shares during the period. Advisory Resource Group raised its stake in First Trust Municipal High Income ETF by 3.7% during the 4th quarter. Advisory Resource Group now owns 45,719 shares of the company’s stock worth $2,208,000 after acquiring an additional 1,646 shares during the period. Seamount Financial Group Inc. bought a new stake in First Trust Municipal High Income ETF during the 4th quarter worth approximately $302,000. Platform Technology Partners raised its stake in First Trust Municipal High Income ETF by 1.4% during the 4th quarter. Platform Technology Partners now owns 60,329 shares of the company’s stock worth $2,913,000 after acquiring an additional 831 shares during the period. Finally, 1900 Wealth Management LLC bought a new stake in First Trust Municipal High Income ETF during the 4th quarter worth approximately $599,000.

First Trust Municipal High Income ETF Stock Performance

NASDAQ FMHI opened at $48.46 on Friday. First Trust Municipal High Income ETF has a 12 month low of $47.33 and a 12 month high of $49.51. The company’s 50 day moving average is $48.40 and its two-hundred day moving average is $48.81.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Wednesday, January 22nd.

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.