Socha Financial Group LLC Has $308,000 Stock Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Socha Financial Group LLC lowered its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 66.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,386 shares of the company’s stock after selling 12,468 shares during the period. First Trust Municipal High Income ETF comprises approximately 0.1% of Socha Financial Group LLC’s investment portfolio, making the stock its 19th biggest position. Socha Financial Group LLC’s holdings in First Trust Municipal High Income ETF were worth $308,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Larson Financial Group LLC acquired a new stake in First Trust Municipal High Income ETF in the 3rd quarter worth about $92,000. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Municipal High Income ETF during the third quarter worth approximately $109,000. Mach 1 Financial Group LLC bought a new position in First Trust Municipal High Income ETF during the 3rd quarter worth $204,000. Silver Oak Securities Incorporated lifted its position in shares of 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 acquiring an additional 399 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the 3rd quarter worth $225,000.

First Trust Municipal High Income ETF Stock Down 0.1 %

FMHI stock opened at $48.70 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 simple moving average of $48.47 and a 200 day simple moving average of $48.82.

First Trust Municipal High Income ETF Announces Dividend

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

About First Trust Municipal High Income ETF

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.