Truist Financial Corp Sells 3,269 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Truist Financial Corp reduced its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 17.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,814 shares of the company’s stock after selling 3,269 shares during the period. Truist Financial Corp owned 0.14% of First Trust Municipal High Income ETF worth $754,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Socha Financial Group LLC grew its holdings in First Trust Municipal High Income ETF by 2.6% during the fourth quarter. Socha Financial Group LLC now owns 17,903 shares of the company’s stock valued at $854,000 after purchasing an additional 457 shares during the period. Eudaimonia Advisors LLC bought a new stake in shares of First Trust Municipal High Income ETF in the 4th quarter valued at $234,000. CWM LLC raised its stake in First Trust Municipal High Income ETF by 2,673.6% during the 4th quarter. CWM LLC now owns 10,096 shares of the company’s stock worth $481,000 after buying an additional 9,732 shares during the period. Key Financial Inc bought a new position in First Trust Municipal High Income ETF during the fourth quarter worth about $209,000. Finally, Aurora Private Wealth Inc. acquired a new position in First Trust Municipal High Income ETF in the fourth quarter valued at about $333,000.

First Trust Municipal High Income ETF Trading Up 0.2 %

Shares of FMHI opened at $48.19 on Thursday. The stock has a 50 day simple moving average of $47.90 and a 200 day simple moving average of $47.33. First Trust Municipal High Income ETF has a 52-week low of $43.88 and a 52-week high of $48.37.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were issued a dividend of $0.159 per share. This represents a $1.91 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Tuesday, April 23rd.

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.