ShoreHaven Wealth Partners LLC Sells 3,784 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

ShoreHaven Wealth Partners LLC trimmed its holdings in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,533 shares of the company’s stock after selling 3,784 shares during the period. ShoreHaven Wealth Partners LLC owned about 0.16% of First Trust Municipal High Income ETF worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FMHI. Wealth Enhancement Advisory Services LLC increased its holdings in shares of First Trust Municipal High Income ETF by 4.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,521,354 shares of the company’s stock valued at $75,155,000 after acquiring an additional 59,086 shares during the period. Financial Partners Group Inc lifted its stake in shares of First Trust Municipal High Income ETF by 3.9% during the 4th quarter. Financial Partners Group Inc now owns 244,826 shares of the company’s stock worth $11,823,000 after purchasing an additional 9,180 shares during the last quarter. HighTower Advisors LLC boosted its position in First Trust Municipal High Income ETF by 186.1% during the third quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock valued at $8,513,000 after purchasing an additional 112,110 shares in the last quarter. Atlas Private Wealth Advisors grew its stake in First Trust Municipal High Income ETF by 6.6% in the fourth quarter. Atlas Private Wealth Advisors now owns 169,954 shares of the company’s stock valued at $8,207,000 after purchasing an additional 10,463 shares during the last quarter. Finally, EnRich Financial Partners LLC raised its holdings in First Trust Municipal High Income ETF by 5.3% in the third quarter. EnRich Financial Partners LLC now owns 139,912 shares of the company’s stock worth $6,912,000 after purchasing an additional 6,990 shares in the last quarter.

First Trust Municipal High Income ETF Price Performance

FMHI stock opened at $48.46 on Friday. First Trust Municipal High Income ETF has a one year low of $47.33 and a one year high of $49.51. The firm has a 50-day simple moving average of $48.40 and a two-hundred day simple moving average of $48.81.

First Trust Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a dividend of $0.163 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.96 dividend on an annualized basis and a yield of 4.04%.

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.