Benjamin F. Edwards & Company Inc. Cuts Stake in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Benjamin F. Edwards & Company Inc. lessened its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,554 shares of the company’s stock after selling 868 shares during the period. Benjamin F. Edwards & Company Inc. owned approximately 0.06% of First Trust Municipal High Income ETF worth $313,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Gradient Investments LLC grew its stake in shares of First Trust Municipal High Income ETF by 397.6% during the third quarter. Gradient Investments LLC now owns 1,020 shares of the company’s stock worth $46,000 after acquiring an additional 815 shares during the last quarter. Key Financial Inc purchased a new position in shares of First Trust Municipal High Income ETF in the fourth quarter worth $209,000. Eudaimonia Advisors LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the fourth quarter worth $234,000. Econ Financial Services Corp acquired a new stake in shares of First Trust Municipal High Income ETF during the third quarter worth $268,000. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of First Trust Municipal High Income ETF by 14.5% during the third quarter. Chicago Partners Investment Group LLC now owns 7,228 shares of the company’s stock valued at $321,000 after buying an additional 916 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

NASDAQ FMHI opened at $48.07 on Friday. The stock’s fifty day moving average price is $47.89 and its 200 day moving average price is $47.20. First Trust Municipal High Income ETF has a 1 year low of $43.88 and a 1 year high of $48.37.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were paid a $0.159 dividend. This represents a $1.91 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Tuesday, April 23rd.

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.