Stephens Inc. AR Has $3.31 Million Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Stephens Inc. AR cut its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,509 shares of the company’s stock after selling 1,400 shares during the period. Stephens Inc. AR owned 0.44% of First Trust Municipal High Income ETF worth $3,308,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC acquired a new position in First Trust Municipal High Income ETF during the third quarter worth $92,000. Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust Municipal High Income ETF during the 3rd quarter valued at about $109,000. Mach 1 Financial Group LLC acquired a new position in shares of First Trust Municipal High Income ETF during the 3rd quarter valued at about $204,000. Silver Oak Securities Incorporated lifted its holdings in First Trust Municipal High Income ETF by 9.4% in the 4th quarter. Silver Oak Securities Incorporated now owns 4,641 shares of the company’s stock worth $224,000 after purchasing an additional 399 shares during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in First Trust Municipal High Income ETF in the 3rd quarter worth approximately $225,000.

First Trust Municipal High Income ETF Trading Down 0.0 %

Shares of FMHI stock opened at $48.68 on Tuesday. First Trust Municipal High Income ETF has a 12 month low of $47.33 and a 12 month high of $49.51. The business’s 50 day moving average is $48.45 and its two-hundred day moving average is $48.82.

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 paid a $0.163 dividend. 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 4.02%.

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.