Principle Wealth Partners LLC Cuts Stock Holdings in First Trust Municipal High Income ETF $FMHI

Principle Wealth Partners LLC lowered its stake in shares of First Trust Municipal High Income ETF (NASDAQ:FMHI) by 19.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,094 shares of the company’s stock after selling 57,225 shares during the period. Principle Wealth Partners LLC owned approximately 1.22% of First Trust Municipal High Income ETF worth $11,029,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FMHI. Camelot Portfolios LLC purchased a new stake in First Trust Municipal High Income ETF during the 4th quarter worth $96,000. Hughes Financial Services LLC boosted its position in First Trust Municipal High Income ETF by 25.7% during the 3rd quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock worth $148,000 after purchasing an additional 629 shares during the period. CoreCap Advisors LLC raised its stake in shares of First Trust Municipal High Income ETF by 243.8% during the fourth quarter. CoreCap Advisors LLC now owns 3,792 shares of the company’s stock valued at $182,000 after purchasing an additional 2,689 shares during the period. Clear Creek Financial Management LLC purchased a new stake in shares of First Trust Municipal High Income ETF during the third quarter valued at approximately $200,000. Finally, FSB Premier Wealth Management Inc. raised its stake in shares of First Trust Municipal High Income ETF by 14.2% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 4,888 shares of the company’s stock valued at $234,000 after purchasing an additional 608 shares during the period.

First Trust Municipal High Income ETF Trading Up 0.1%

FMHI opened at $47.67 on Friday. The firm’s 50 day moving average is $47.93 and its 200-day moving average is $48.03. First Trust Municipal High Income ETF has a 52-week low of $45.83 and a 52-week high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.176 per share. This is an increase from First Trust Municipal High Income ETF’s previous dividend of $0.18. The ex-dividend date is Thursday, May 21st.

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.