First Trust Municipal High Income ETF $FMHI Shares Sold by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors reduced its position in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 53.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,147 shares of the company’s stock after selling 73,868 shares during the period. Atlas Private Wealth Advisors owned about 0.36% of First Trust Municipal High Income ETF worth $3,000,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FMHI. Evolution Wealth Management Inc. acquired a new position in First Trust Municipal High Income ETF in the second quarter worth $27,000. Farther Finance Advisors LLC lifted its position in shares of First Trust Municipal High Income ETF by 21.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,207 shares of the company’s stock worth $57,000 after buying an additional 212 shares during the last quarter. Invictus Private Wealth LLC acquired a new position in shares of First Trust Municipal High Income ETF in the 2nd quarter valued at about $218,000. Total Clarity Wealth Management Inc. bought a new stake in shares of First Trust Municipal High Income ETF during the 2nd quarter valued at about $234,000. Finally, Stratos Wealth Partners LTD. grew its position in shares of First Trust Municipal High Income ETF by 17.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 5,195 shares of the company’s stock valued at $243,000 after buying an additional 780 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ FMHI opened at $48.03 on Friday. The firm’s 50-day moving average price is $47.94 and its two-hundred day moving average price is $47.44. First Trust Municipal High Income ETF has a 52-week low of $44.80 and a 52-week high of $49.05.

First Trust Municipal High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a $0.174 dividend. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 4.3%.

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.