Atria Wealth Solutions Inc. Sells 5,068 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Atria Wealth Solutions Inc. lowered its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 28.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,768 shares of the company’s stock after selling 5,068 shares during the quarter. Atria Wealth Solutions Inc. owned 0.08% of First Trust Municipal High Income ETF worth $617,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FMHI. Stifel Financial Corp grew its stake in First Trust Municipal High Income ETF by 244.8% during the third quarter. Stifel Financial Corp now owns 21,154 shares of the company’s stock worth $1,045,000 after buying an additional 15,019 shares during the last quarter. JPMorgan Chase & Co. grew its position in First Trust Municipal High Income ETF by 209.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock worth $5,248,000 after acquiring an additional 71,872 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in First Trust Municipal High Income ETF by 293.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 7,531 shares of the company’s stock valued at $372,000 after purchasing an additional 5,616 shares in the last quarter. Allworth Financial LP bought a new position in First Trust Municipal High Income ETF in the 4th quarter valued at $640,000. Finally, HighTower Advisors LLC boosted its stake in First Trust Municipal High Income ETF by 186.1% in the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock worth $8,513,000 after purchasing an additional 112,110 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ:FMHI opened at $48.79 on Thursday. The business has a fifty day moving average of $48.34 and a 200-day moving average of $48.78. First Trust Municipal High Income ETF has a twelve month low of $47.33 and a twelve month high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a yield of 4.01%. The ex-dividend date is Friday, February 21st.

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.