First Trust Municipal High Income ETF (NASDAQ:FMHI) Shares Sold by SlateStone Wealth LLC

SlateStone Wealth LLC trimmed its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,733 shares of the company’s stock after selling 6,605 shares during the period. SlateStone Wealth LLC owned about 0.82% of First Trust Municipal High Income ETF worth $5,206,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of First Trust Municipal High Income ETF during the 4th quarter worth about $8,659,000. CWM LLC raised its position in shares of First Trust Municipal High Income ETF by 2,673.6% during the fourth quarter. CWM LLC now owns 10,096 shares of the company’s stock worth $481,000 after acquiring an additional 9,732 shares during the last quarter. Principle Wealth Partners LLC bought a new stake in First Trust Municipal High Income ETF in the fourth quarter valued at about $8,072,000. Beacon Harbor Wealth Advisors Inc. acquired a new position in First Trust Municipal High Income ETF in the fourth quarter valued at about $1,853,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in First Trust Municipal High Income ETF during the fourth quarter valued at approximately $200,000.

First Trust Municipal High Income ETF Trading Down 0.0 %

Shares of FMHI stock traded down $0.02 during trading hours on Monday, reaching $48.96. The company’s stock had a trading volume of 67,593 shares, compared to its average volume of 64,948. First Trust Municipal High Income ETF has a fifty-two week low of $43.88 and a fifty-two week high of $49.47. The firm’s 50 day simple moving average is $48.76 and its 200-day simple moving average is $48.21.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st will be paid a $0.163 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.00%.

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.