Evergreen Private Wealth LLC Decreases Position in First Trust Municipal High Income ETF $FMHI

Evergreen Private Wealth LLC cut its position in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,756 shares of the company’s stock after selling 248 shares during the quarter. Evergreen Private Wealth LLC owned about 0.21% of First Trust Municipal High Income ETF worth $1,576,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FMHI. Capital Analysts LLC lifted its stake in shares of First Trust Municipal High Income ETF by 12,025.0% during the 1st quarter. Capital Analysts LLC now owns 1,455 shares of the company’s stock valued at $70,000 after buying an additional 1,443 shares in the last quarter. Private Trust Co. NA lifted its position in shares of First Trust Municipal High Income ETF by 5.5% during the first quarter. Private Trust Co. NA now owns 5,201 shares of the company’s stock worth $249,000 after acquiring an additional 271 shares in the last quarter. Landmark Wealth Management LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 8.9% in the first quarter. Landmark Wealth Management LLC now owns 5,361 shares of the company’s stock worth $256,000 after acquiring an additional 437 shares during the period. AE Wealth Management LLC grew its position in shares of First Trust Municipal High Income ETF by 109.1% in the first quarter. AE Wealth Management LLC now owns 6,009 shares of the company’s stock valued at $287,000 after purchasing an additional 3,135 shares in the last quarter. Finally, Altus Wealth Group LLC raised its stake in shares of First Trust Municipal High Income ETF by 9.1% during the 1st quarter. Altus Wealth Group LLC now owns 6,707 shares of the company’s stock valued at $321,000 after purchasing an additional 559 shares during the period.

First Trust Municipal High Income ETF Price Performance

Shares of FMHI opened at $47.35 on Friday. First Trust Municipal High Income ETF has a 52-week low of $44.80 and a 52-week high of $49.51. The stock’s 50-day simple moving average is $46.60 and its 200 day simple moving average is $46.80.

First Trust Municipal High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th will be given a $0.169 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date is Thursday, September 25th.

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.