First Trust Municipal High Income ETF $FMHI Stock Position Lowered by Stewardship Advisors LLC

Stewardship Advisors LLC decreased its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 87.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,574 shares of the company’s stock after selling 71,170 shares during the quarter. Stewardship Advisors LLC’s holdings in First Trust Municipal High Income ETF were worth $503,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Camelot Portfolios LLC acquired a new position in First Trust Municipal High Income ETF during the fourth quarter worth about $96,000. Hughes Financial Services LLC grew its stake in shares of First Trust Municipal High Income ETF by 25.7% in the 3rd quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock worth $148,000 after purchasing an additional 629 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of First Trust Municipal High Income ETF by 243.8% in the 4th quarter. CoreCap Advisors LLC now owns 3,792 shares of the company’s stock worth $182,000 after purchasing an additional 2,689 shares during the last quarter. Clear Creek Financial Management LLC bought a new stake in shares of First Trust Municipal High Income ETF in the 3rd quarter worth approximately $200,000. Finally, FSB Premier Wealth Management Inc. lifted its stake in First Trust Municipal High Income ETF by 14.2% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 4,888 shares of the company’s stock valued at $234,000 after purchasing an additional 608 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ:FMHI opened at $48.46 on Tuesday. First Trust Municipal High Income ETF has a 1-year low of $45.83 and a 1-year high of $48.73. The company has a 50 day moving average price of $48.12 and a 200 day moving average price of $48.06.

First Trust Municipal High Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.176 per share. The ex-dividend date of this dividend was Thursday, May 21st. This is a boost from First Trust Municipal High Income ETF’s previous dividend of $0.17.

First Trust Municipal High Income ETF 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.