LPL Financial LLC Has $46.76 Million Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

LPL Financial LLC decreased its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 978,176 shares of the company’s stock after selling 6,100 shares during the quarter. LPL Financial LLC owned approximately 0.06% of First Trust Municipal High Income ETF worth $46,762,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Coppell Advisory Solutions LLC grew its position in shares of First Trust Municipal High Income ETF by 180.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,293 shares of the company’s stock valued at $62,000 after buying an additional 832 shares during the last quarter. Private Trust Co. NA boosted its holdings in First Trust Municipal High Income ETF by 5.5% in the first quarter. Private Trust Co. NA now owns 5,201 shares of the company’s stock valued at $249,000 after acquiring an additional 271 shares during the last quarter. Landmark Wealth Management LLC increased its position in First Trust Municipal High Income ETF by 8.9% during the 1st quarter. Landmark Wealth Management LLC now owns 5,361 shares of the company’s stock valued at $256,000 after purchasing an additional 437 shares during the period. Baird Financial Group Inc. raised its holdings in First Trust Municipal High Income ETF by 34.9% during the 4th quarter. Baird Financial Group Inc. now owns 5,800 shares of the company’s stock worth $280,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of First Trust Municipal High Income ETF in the 4th quarter worth approximately $288,000.

First Trust Municipal High Income ETF Stock Up 0.1%

NASDAQ:FMHI opened at $46.06 on Friday. First Trust Municipal High Income ETF has a 52 week low of $44.80 and a 52 week high of $49.51. The firm’s fifty day moving average is $46.49 and its 200-day moving average is $47.28.

First Trust Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 22nd were given a dividend of $0.166 per share. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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.