Atria Wealth Solutions Inc. Sells 5,068 Shares of First Trust Municipal High Income ETF (NASDAQ:FMHI)

Atria Wealth Solutions Inc. cut its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 28.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,768 shares of the company’s stock after selling 5,068 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in First Trust Municipal High Income ETF were worth $617,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Raymond James & Associates lifted its stake in First Trust Municipal High Income ETF by 0.8% in the 3rd quarter. Raymond James & Associates now owns 129,197 shares of the company’s stock valued at $6,382,000 after acquiring an additional 1,086 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of First Trust Municipal High Income ETF by 17.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,764 shares of the company’s stock valued at $384,000 after buying an additional 1,171 shares during the last quarter. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Municipal High Income ETF during the 3rd quarter worth approximately $109,000. Stephens Inc. AR raised its stake in First Trust Municipal High Income ETF by 132.3% in the 3rd quarter. Stephens Inc. AR now owns 69,909 shares of the company’s stock valued at $3,454,000 after acquiring an additional 39,809 shares during the period. Finally, Financial Partners Group Inc raised its position in shares of First Trust Municipal High Income ETF by 7.4% in the third quarter. Financial Partners Group Inc now owns 235,646 shares of the company’s stock valued at $11,641,000 after purchasing an additional 16,285 shares during the period.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ:FMHI opened at $48.79 on Thursday. First Trust Municipal High Income ETF has a 12-month low of $47.33 and a 12-month high of $49.51. The business has a 50 day moving average of $48.34 and a 200-day moving average of $48.78.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be given a $0.163 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.01%.

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.