Advyzon Investment Management LLC Lowers Stock Holdings in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Advyzon Investment Management LLC reduced its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,693 shares of the company’s stock after selling 268 shares during the period. Advyzon Investment Management LLC’s holdings in First Trust Municipal High Income ETF were worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FMHI. Raymond James Financial Inc. purchased a new position in shares of First Trust Municipal High Income ETF during the fourth quarter worth $17,256,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of First Trust Municipal High Income ETF by 13.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,303,252 shares of the company’s stock worth $62,302,000 after acquiring an additional 151,935 shares in the last quarter. SlateStone Wealth LLC grew its stake in shares of First Trust Municipal High Income ETF by 40.5% in the first quarter. SlateStone Wealth LLC now owns 233,078 shares of the company’s stock worth $11,142,000 after acquiring an additional 67,175 shares in the last quarter. Bank of America Corp DE grew its stake in shares of First Trust Municipal High Income ETF by 9.6% in the fourth quarter. Bank of America Corp DE now owns 671,953 shares of the company’s stock worth $32,449,000 after acquiring an additional 58,620 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of First Trust Municipal High Income ETF by 6.1% in the fourth quarter. Wells Fargo & Company MN now owns 700,256 shares of the company’s stock valued at $33,815,000 after acquiring an additional 40,466 shares in the last quarter.

First Trust Municipal High Income ETF Trading Down 0.0%

Shares of NASDAQ FMHI opened at $46.39 on Tuesday. First Trust Municipal High Income ETF has a 12-month low of $44.80 and a 12-month high of $49.51. The business’s fifty day simple moving average is $46.48 and its 200-day simple moving average is $47.24.

First Trust Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 22nd were paid a $0.166 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, July 22nd.

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.