NewEdge Advisors LLC Sells 16,824 Shares of First Trust Municipal High Income ETF $FMHI

NewEdge Advisors LLC cut its stake in First Trust Municipal High Income ETF (NASDAQ:FMHI) by 6.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 235,909 shares of the company’s stock after selling 16,824 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Municipal High Income ETF were worth $11,215,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FMHI. Wells Fargo & Company MN boosted its position in shares of First Trust Municipal High Income ETF by 15.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,145,777 shares of the company’s stock valued at $54,922,000 after buying an additional 154,624 shares during the last quarter. Bank of America Corp DE raised its position in First Trust Municipal High Income ETF by 23.7% in the 1st quarter. Bank of America Corp DE now owns 798,920 shares of the company’s stock valued at $37,981,000 after buying an additional 153,170 shares during the last quarter. LPL Financial LLC lifted its stake in First Trust Municipal High Income ETF by 12.5% during the 4th quarter. LPL Financial LLC now owns 1,167,716 shares of the company’s stock valued at $55,974,000 after acquiring an additional 129,684 shares in the last quarter. Jane Street Group LLC lifted its stake in First Trust Municipal High Income ETF by 888.7% during the 2nd quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock valued at $6,119,000 after acquiring an additional 117,782 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in First Trust Municipal High Income ETF by 9.7% during the 4th quarter. Morgan Stanley now owns 1,321,787 shares of the company’s stock worth $63,359,000 after acquiring an additional 117,314 shares during the last quarter.

First Trust Municipal High Income ETF Stock Down 0.2%

FMHI opened at $47.74 on Thursday. First Trust Municipal High Income ETF has a 1 year low of $45.94 and a 1 year high of $48.73. The firm’s fifty day moving average price is $48.22 and its two-hundred day moving average price is $48.13.

First Trust Municipal High Income ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be given a dividend of $0.177 per share. The ex-dividend date of this dividend is Tuesday, July 21st.

First Trust Municipal High Income ETF 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.