Rockland Trust Co. Decreases Stake in First Trust Municipal High Income ETF (NASDAQ:FMHI)

Rockland Trust Co. trimmed its holdings in First Trust Municipal High Income ETF (NASDAQ:FMHIFree Report) by 10.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,651 shares of the company’s stock after selling 8,406 shares during the quarter. Rockland Trust Co. owned about 0.60% of First Trust Municipal High Income ETF worth $3,645,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in First Trust Municipal High Income ETF by 145.2% during the fourth quarter. Wells Fargo & Company MN now owns 406,752 shares of the company’s stock worth $19,394,000 after purchasing an additional 240,894 shares during the period. International Assets Investment Management LLC acquired a new position in First Trust Municipal High Income ETF in the fourth quarter valued at approximately $8,659,000. Principle Wealth Partners LLC purchased a new position in First Trust Municipal High Income ETF in the fourth quarter worth approximately $8,072,000. Crumly & Associates Inc. increased its stake in First Trust Municipal High Income ETF by 259.6% during the fourth quarter. Crumly & Associates Inc. now owns 207,661 shares of the company’s stock worth $9,901,000 after acquiring an additional 149,917 shares during the last quarter. Finally, UBS Group AG raised its position in First Trust Municipal High Income ETF by 219.3% in the third quarter. UBS Group AG now owns 175,884 shares of the company’s stock valued at $7,927,000 after purchasing an additional 120,808 shares during the period.

First Trust Municipal High Income ETF Stock Performance

Shares of First Trust Municipal High Income ETF stock traded up $0.03 during trading hours on Friday, hitting $48.59. The company’s stock had a trading volume of 37,079 shares, compared to its average volume of 65,065. The firm has a fifty day moving average of $47.94 and a 200-day moving average of $47.81. First Trust Municipal High Income ETF has a twelve month low of $43.88 and a twelve month high of $48.70.

First Trust Municipal High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd were paid a dividend of $0.159 per share. This represents a $1.91 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Tuesday, May 21st.

First Trust Municipal High Income ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for First Trust Municipal High Income ETF (NASDAQ:FMHI)

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