Country Trust Bank Sells 292 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Country Trust Bank trimmed its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,789 shares of the company’s stock after selling 292 shares during the quarter. Country Trust Bank owned 0.11% of First Trust Municipal High Income ETF worth $829,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FMHI. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 2.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,462,268 shares of the company’s stock valued at $70,657,000 after purchasing an additional 34,159 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 8.4% during the second quarter. LPL Financial LLC now owns 807,272 shares of the company’s stock valued at $39,007,000 after purchasing an additional 62,570 shares in the last quarter. Financial Partners Group Inc lifted its holdings in shares of First Trust Municipal High Income ETF by 10.4% during the second quarter. Financial Partners Group Inc now owns 219,361 shares of the company’s stock valued at $10,600,000 after purchasing an additional 20,649 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 561.0% during the second quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock valued at $9,109,000 after purchasing an additional 159,987 shares in the last quarter. Finally, Manhattan West Asset Management LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 6.6% during the first quarter. Manhattan West Asset Management LLC now owns 181,057 shares of the company’s stock valued at $8,723,000 after purchasing an additional 11,236 shares in the last quarter.

First Trust Municipal High Income ETF Stock Up 0.1 %

Shares of NASDAQ:FMHI opened at $49.17 on Wednesday. First Trust Municipal High Income ETF has a 1 year low of $43.88 and a 1 year high of $49.51. The stock’s fifty day moving average price is $49.17 and its 200-day moving average price is $48.49.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Thursday, September 26th.

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.