First Trust Municipal High Income ETF $FMHI Holdings Decreased by Stephens Inc. AR

Stephens Inc. AR reduced its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 28.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,678 shares of the company’s stock after selling 13,060 shares during the period. Stephens Inc. AR’s holdings in First Trust Municipal High Income ETF were worth $1,554,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in First Trust Municipal High Income ETF by 15.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,145,777 shares of the company’s stock worth $54,922,000 after purchasing an additional 154,624 shares during the period. LPL Financial LLC raised its holdings in shares of First Trust Municipal High Income ETF by 12.5% during the fourth quarter. LPL Financial LLC now owns 1,167,716 shares of the company’s stock worth $55,974,000 after purchasing an additional 129,684 shares during the period. Jane Street Group LLC lifted its position in shares of First Trust Municipal High Income ETF by 888.7% in the 2nd quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock worth $6,119,000 after buying an additional 117,782 shares during the last quarter. Morgan Stanley lifted its position in shares of First Trust Municipal High Income ETF by 9.7% in the 4th quarter. Morgan Stanley now owns 1,321,787 shares of the company’s stock worth $63,359,000 after buying an additional 117,314 shares during the last quarter. Finally, Vise Technologies Inc. lifted its position in shares of First Trust Municipal High Income ETF by 147.2% in the 4th quarter. Vise Technologies Inc. now owns 116,797 shares of the company’s stock worth $5,599,000 after buying an additional 69,545 shares during the last quarter.

First Trust Municipal High Income ETF Stock Down 0.0%

NASDAQ FMHI opened at $48.34 on Friday. First Trust Municipal High Income ETF has a one year low of $45.83 and a one year high of $48.73. The company has a 50-day simple moving average of $48.21 and a 200-day simple moving average of $48.12.

First Trust Municipal High Income ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.177 dividend. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Municipal High Income ETF’s previous dividend of $0.18.

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.